las vegas wynn casino sports book“That’s just two of the many, many examples.In a new report, Morgan Stanley said it expects gaming turnover on the peninsula will plunge 35 percent this year, more than double the bank’s previous estimate of a 16 percent contraction.(Image: CNN)With visitation still at trickle levels amid the coronavirus pandemic, analysts aren’t being shy about slashing monthly and annual Macau GGR forecasts.clearwater casino kt tunstalle all 15 coronavirus deaths have occurred.Macau’s faltering gross gaming revenue (GGR) will maintain that downward trajectory at least until October.The Clark County death count from COVID-19 now stands at 15, the Southern Nevada Health Districonline casino real money deposit

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tachi palace casino in lemooreSlow Road BackNearly all of Macau’s roughly 40 casinos are currently operational – a few are being used as quarantine centers for screening and treating coronavirus patients – but the Special Administrative Region (SAR) is still enduring strict restrictions.Looking further, 2021 is expected to be significantly better for Macau than 2020 will prove to be.In a new report, Morgan Stanley said it expects gaming turnover on the peninsula will plunge 35 percent this year, more than double the bank’s previous estimate of a 16 percent contraction.online gambling by stateMurren added, “One thing I’ve learned in thevalley forge casino hotel prices many crises that we’ve dealt with in Nevada – 9/11, the Great Recession, an unspeakable evil a couple of Octobers ago – is that we have to buy ourselves some time to understand and handle the crisis in a thoughtful and intelligent way.But Morgan Stanley sees a big rebound in 2021.We have major, major challenges.no deposit online casino free spins

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firekeepers casino kalamazooThis drives down our 2020 and 2021 earnings before interest, taxes, depreciation and amortization (EBITDA) estimates by -37 percent and -18 percent, respectively, due to fixed costs and negative operating leverage,” said the bank.”“We need to buy our people time.Being PatientFor wary investors and beleaguered operators, the key over the near-term is being patient, a scenario that could be easier if high-end players return to Macau sooner than exvalley forge casino hotel pricespected.It’s a gambit that initially proved effective, as Macau went almost 40 days without a new reported case of the respiratory illness.However, Beijing’s freeze on the individual visit scheme (IVS) remains in place, hampering Macau’s ability to lure gamblers from mainland China, the SAR’s most important market.Those protocols were implemented as a means of stemming the spread of the coronavirus.roulette casino images