www.paragon casino.comAs such, in advance of tomorrow’s US elections, some gaming analysts are saying a victory by former Vice President and Democratic nominee Joe Biden will benefit Macau operators, including Wynn.(Image: Bloomberg)The bank raised its rating on shares of the Encore opvegas x casino no deposit bonuserator to “overweight” from “equal-weight,” while lifting its price target on the name to from , implying upside of 29 percent from last Friday’s close.Shares of Golden are down 33 percent year-to-date, but higher by 286.palace station casino gift shopBonds issued by New Jersey’s Casino Reinvestment Development Authority have been downgraded by Fitch Ratings.We upgrade Wynn as we see 1) an upcoming operating inflection with further upside post-COVID, 2) overblown concerns about Macau high-end, & 3) a positive catalyst if Biden wins, all at an attractive valuation,” according to Morgan Stanley.Along those lines, there’s also chatter that a win by Biden will ease the concession renewal process for US-based Macau operators, potentially eliminating the specter of new fees and penalties or the risk that licenses won’t be renewed at all.black bear casino smoke free

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poker table rules casinoThe bank anoints Wynn stock as its new favored cyclical idea.“We believe a Biden victory, while not completely resolving the tenuous trade relations btw.Electoral ImplicationsIn the wake of the coronavirus pandemic, operators with exposure to Macau continue struggling, as visits to the world’s largest gaming center remain slack, pinching gross gaming revenue (GGR) in the process.boomtown casino mibibippiBut Bain lays out a case as to why that should change.”The downgrade of CRDA’s luxury tax revenue bonds to ‘BBB’ from ‘BBB+’ reflects the severity of pledged revenue declines in 2020, the likely slow trajectory of the recovery for casino and other entertainment activity in Atlantic City, and thus luxury tax receipts, and the resulting higher vWe upgrade Wynn as we see 1) an upcoming operating inflection with further upside post-COVID, 2) overblown concerns about Macau high-end, & 3) a positive catalyst if Biden wins, all at an attractive valuation,” according to Morgan Stanley.mohegan sun casino vaccine

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sam town casino hotel las vegas67 a share in value to Golden stock. by mid-to-upscale millennials, slot routes, and local casino play,” said Bain.3 billion.3 billion.That, coupled with President Trump’s heavy-handed approach to relations with China, are among the factors weighing on Wynn stock this year.“Adding to its Strip revenue from local play, revenue generation from locals would be ~85 percent of the total.quechan casino table games