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” Macau’s road back to gross gaming revenue (GGR) normalcy in the wake of the coronavirus pandemic won’t be realized this month. Some analysts expect GGR there is tracking as much as 80 percent off year-earlier levels. coushatta casino application Macau gaming revenue fell as much as 80 percent in the first half of March, according to JPMorgan Securities. (Image: CNBC)Through the first half of March, concessionaires in the world’s largest gaming center likely generated a combined 6. 2 million in turnover, down 75 percent to 80 percent on a year-over-year basis, according to JPMorgan Securities. casino dice

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While this is slightly better than the circa MOP170 million/day (. Wynn Las Vegas Slots Bcdv 25 million) in the previous week, we think week-on-week trend is almost meaningless at this point, as it is will continue to be extremely volatile, driven by a smalsycuan casino el cajon californial group of players,” said the research firm in a Monday note to clients. coushatta casino map live casino guy lake tahoe casinos gambling age 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. Those 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. Winstar World Casino Book Now Uizh Waiting For Green ShootsAs gaming hubs around the world grapple with the coronavirus, investors and operators are desperate for positive vibes, and Macau may be inching to closer compared to other regions due in part some strength among high-end players. 8 turtle creek east hartford No Deposit Bonus Codes For Online Casinos Iyfo

“VIP seems to be faring better (down 70 percent to 75 percent year-on-year) than mass (down 80 percent to 85 percent), which is also within expectations and not very telling,” according to JPMorgan. Market observers believe the key to the peninsula’s return to business as usual lies with China, Hong Kong, Taiwan, and some other nations relaxing travel restrictions to the gaming center. Last year, 91 percent of the visitors to Macau hailed from mainland China and Hong Kong. i 40 casino seminole oklahoma seminole casino careers roulette casino vegas 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. casino 999 Positive SignsEarlier this month, China’s State Councisycuan casino el cajon californial approved the extension of Macau’s jurisdiction to Hengqin Port, a move that could aid in increasing visits from Guangdong.

That extension goes into effect midnight Wednesday. aliante casino senior day But the Guangdong and Macau governments must make a decision on when the new checkpoint will officially open. four winds casino kid quest 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. Turtle Creek Casino Menu Cxsq “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. casino 66 albuquerque new mexico Colorado casinos are following a state-issued order aimed at stemming the spread of the coronavirus, with operators announcing a series of temporary closures