coushatta casino spaThe Ar-Term OutlookConsensus is building among analysts that Macau operators’ financial updates for the first and second quarters will almost be rendered moot because there will be little in the way of earnings to highlight.Twenty-four Asian airlines are canceling March flights to and from Macau because of the novel coronavirus, dealing a severe blow to an already fragile local economy that only recently reopened gaming properties following a 15-day closure.casino 770 poker deuces“Profits will inevitably decline faster than the top line, given the rigid cost structure – a maximum 15 percent to 20 percent of operating expenditure is subject to cost containment.For example, China Southern and China Eastern are Asia’s two largest airlines, while Air Asia, Lion Air, and Vietnam Airlines are also among the top 25 in terms of annual passengers carried.News of the March flight cancellations comes as Macau is already grappling with strict travel and visa controls that are sapping gross gaming revenue (GGR) in the wake of the COVID-19 outbreak.no deposit bonus casino 80

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borgata online casino michiganThe aforementioned group includes some of the region’s biggest carriers.JPMorgan said first- and second-quarter earnings reports from Macau operators “will be of little importance, given the virtual lack of earnings” and that a recovery there may not materialize in earnest until the last three months of this year.Big Cities AffectedAccording to data published by the Macau International Airport, some arriving flights to the peninsula from Asian cities will be scuttled from March 1 through March 28.casino extreme mobileBut it’s still far from business as usual for three reasons: because of border screenings, policies within casinos limiting the number of players at tables and slot machines, and Beijing restricting the number of Macau visitation visas issued to residents of mainland China, the primary source of the SAR’s gamblers.Compounding the peninsula’s woes are the other Asian cities subjehallmark casino play for real moneyct to the cancellations, which include Bangkok, Jakarta, Kuala Lampur, Seoul, and Taipei.The Acasino slot index

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big fish casino level up rewardsPotentially dragging on Macau’s recovery efforts are the Chinese cities affected by the temporary flight bans, a group that includes major metropolitan areas such as Beijing, Shanghai, and Shenzhen.Due to the COVID-19 epidemic, analysts are estimating sliding GGR figures as far out as the third quarter, though those declines are expected to be less severe than drops experienced in the first six months of 2020.1 percent in the fourth quarter – prior to the COVID-19 outbreak – nearly double the originally forecast contraction of 4.com)On Friday, Trump Administration officials said the Association of Southeast Asian Nations, or ASEAN summit, scheduled for Mach 14 in Las Vegas, has been scrapped because of the COVID-19 outbreak and related travel restrictions.The Macau Gaming Inspection and Coordination Bureau (DICJ) is expected to release February GGR figures in the coming days, a report industry analysts are anticipating will be dismal.Industry observers believe the final three months of 2020 will bring an increase in gaming revenue, but not nearly enough to offset the drops endured by Macau operators through the first three quarters.il rivers casino sportsbook