borgata online casino full site“While we embrace near-term concerns on horrid GGR trends and sell-side earnings cuts, we believe most of the cuts will be done by next month (post-March GGR, plus possible resumption of Macau IVS), after which we expect these stocks to grind higher on ‘less bad’ trends and normalizing multiples,” said analysts at the bank.If Beijing gives the go-ahead for travelers from Guangdong, the closest province to Macau and China’s wealthiest, to return to the SAR, that could be a significant near-term boon for gaming revenue there.Last year, 91 percent of the visitors to Macau hailed from mainland China and Hong Kong.no deposit bonus codes for virtual casinoThose dour forecasts come after gaming turnover in the Special Administrative Region (SAR) plunged by a record 88 percent in February following a 15-day gaming property closure because of the COVID-19 outbreak.JPMorgan’s estimate jibes with one released earlier this month by brokerage house Bernstein, which said Macau’s GGR likely slid almost 80 percent year-over-year through the first eight days of March.As for forecasts on Macau-related equities, essentially none of which have been positive this year, JPMorgan sees some utility in bad news being largely baked into these names.running aces casino number

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caesar casino johannesburg(Image: CNBC)The Centennial State, which is home to more than 30 commercial and tribal gaming properties, joins a slew of others that are clamping down on large gatherings because of the COVID-19 pandemic.org.“While we embrace near-term concerns on horrid GGR trends and sell-side earnings cuts, we believe most of the cuts will be done by next month (post-March GGR, plus possible resumption of Macau IVS), after which we expect these stocks to grind higher on ‘less bad’ trends and normalizing multiples,” said analysts at the bank.new jersey online casino no deposit bonusSome analysts expect GGR there is tracking as much as 80 percent off year-earlier levels.33 as of the close of trading today – a loss of more than 80 percent.Some analysts expect GGR there is tracking as much as 80 percent off year-earlier levels.pechanga hotel casino

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