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poker casino table“June was the last full month of casino closures, and the figures reflect the historic business disruption across the region and beyond,” Casino Control Commission Chairman James Plousis said of the June revenue data.That’s because travel restrictions with Hong Kong remain in place and there’s still no sign that Beijing is prepared to lift the freeze on individual visit sgold coast casino accomcheme (IVS) visa issuance.In a note to clients today, Union Gaming analyst John DeCree raised his rating on Wynn to “buy” from “hold,” while noting the Encore operator is positioned to lead a recovery in Macau gaming equities.turtle creek casino recent winnersBut there’s still work to be done.”But the closures haven’t only hurt the casinos.44 percent over the past month, as market participants fret that a spike in COVID-19 cases in the US will keep gamblers and tourists away from the operators two Las Vegas Venues — Wynn and Encore.hard rock casino il v power online casinofour winds casino app michiganBut the stock surged nearly 10 percent on heavy volume Monday on news that Guangdong province is ending its quarantine protocol applicable to travelers arriving from Macau.Borgata opted to remain dark after Murphy abruptly changed his mind regarding indoor dining.More Work to Be DoneGuangdong relaxing its travel controls with Macau is undoubtedly a step in the right direction for concessionaires because the province is the largest feeder market for the gaming hub.raging bull casino no deposit bonus codes 2021 australiaBut the stock surged nearly 10 percent on heavy volume Monday on news that Guangdong province is ending its quarantine protocol applicable to travelers arriving from Macau.(Image: CNBC)Shares of the Wynn Macau and the Wynn Palace operator are gold coast casino accomtrading lower Tuesday.“While alleviating border restrictions in Guangdong is a solid first step, we’ll look forward to more good news, hopefully later this summer, on reinstating IVS and green health code reciprocity with Hong Kong,” said DeCree.slot win casino big fish casino best oddsfirekeepers casino nibi“However, when we do see the guest visit us, frankly trip frequency then does start to increase, because I think we’re doing a pretty good job at making them feel comfortable.Hard Rock International Chairman Jim Allen says that traffic has been somewhat slow at the company’s casinos and restaurants throughout the country — including in Atlantic City — but once a guest does visit, he says they’re likely to return after seeing the health safety protocols.However, Macau is by far Wynn’s most important market, generating two-thirds or more of the company’s revenue and earnings before interest, taxes, depreciation and amortizations (EBITDA) in any given quarter.5 million — a loss of .“While alleviating border restrictions in Guangdong is a solid first step, we’ll look forward to more good news, hopefully later this summer, on reinstating IVS and green health code reciprocity with Hong Kong,” said DeCree.After 132 days of being closed, Borgata will reopen to the general public on July 26.resorts casino status match caesar casino southern indiana |