river spirit casino resort eventsStock Has SupportersData confirms some professional investors are buying into the Penn National story.Implementation of visa restrictions is limiting gamblers’ visits to Macau this month, and that’s crimping monthly gross gaming revenue (GGR), say some analysts.Penn could benefit from “strong fundamentals for the regional gaming consumer, which should continue to support modest gross gaming revenue (GGR) growth, favorable year-over-year comparisons, particularly in areas impacted by adverse weather in 2019 (Midwest and South); and opportunity for further margin expansion,” said J.gold coast casino kenoMorgan’s Greff.At the end of the third quarter, 23 hedge funds held long positions in the regional gaming company’s shares, a 15 percent jump from the previous quarter.Speculation is running high that Chinese President Xi Jinping will be among those attending the festivities.2 up casino no deposit bonus

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directions to wild horse pab casino from my locationP.For Macau gaming equities, the timing of Bernstein’s downward revisions is inauspicious because it comes just days after J.(NASDAQ:WYNN).soaring eagle casino resort restaurantsDue to the limitations on visits to the peninsula, Bernstein is now forecasting a December GGR decline of 12 percent to 16 percent, far worse than its original estimate calling for a decline of eight percent to 11 percent.HG Vora, which has stakes in a slew of gaming companies, is the largest hedge fund owner of Penn National shares, with a stake valued at more than 0 million.Of the 14 analysts covering Penn stock, 11 have bullish ratings on the shares.casinos at foxwoods

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pa casino online poker(NASDAQ:WYNN).A clampdown by China on Macau visas is hurting gaming revenue in the casino hub.Implementation of visa restrictions is limiting gamblers’ visits to Macau this month, and that’s crimping monthly gross gaming revenue (GGR), say some analysts.While VIP hold rate is around the normal range, this hold is lower than last December,” note the Bernstein analysts.That decision is prompting some research firms to trim monthly and quarterly GGR estimates for the Chinese territory.Revenue among high-end gamblers visiting the Special Administrative Region (SAR) has been slack for several months, a scenario exacerbated by the visa controls because more affluent players, particularly those from mainland China, make more frequent visits to the peninsula than do their mass market counterparts.intertops casino bonus codes april 2021