Casino Near Me Reno 2021. The forecast, however, was speculation. The reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. However, recovery timelines are being pushed out as far as 2022 amid weakness in the VIP segment and Beijing’s heavy-handed approach to cross-border money flows. Black Oak Casino Menu Vwky “We believe some of these issues may depress Macau stock multiples until there is higher visibility,” said Bain. desert diamond casino glendale az winners Casino Roulette Wheel Buy Vfkt The analyst adds that visitation pickup may not be as “acute” as some previously hoped, and that day trips to the gaming hub, previously an integral driver of tourist volume, will “take some time to return to normalcy. las atlantis casino codes ”Talking Las VegasIn its home market of Las Vegas, LVS previously acknowledged struggles with executives offering candid commentary about the state of the largest domestic gaming market following the operator’s second-quarter earnings report.

LVS owns the Palazzo and Venetian in Las Vegas. clearwater casino closed Bain said Sands will likely be “transparent” regarding Sin City woes. hollywood casino 2021 The analyst notes that while a COVID-19 vaccine would be a broader market positive, consumer skepticism means it could be at least six months before a virus treatment positively affects the Las Vegas convention business. Just six percent of the analyst’s LVS price target is derived from Las Vegas, with the rest attributable to Macau and Singapore. online gambling covid 19 Bain is similarly lukewarm on Sands rivals MGM Resorts International (betrivers casino appNYSE: MGM) and Wynn Resorts (NASDAQ:WYNN), another Macau-centric name. lucky creek online casino review golden nugget casino app chumba casino code He rates both of those stocks “neutral. Little River Casino Covid 19 Swhj ” JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .

Key Insights and Expert Analysis

8 million on a daily basis through the first 18 days of October. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. kansas star casino scholarship Seven Feathers Casino Is It Open Guzk Scenes from the 2017 Macau Motorcycle Grand Prix. The event is out this year because of COVID-19. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. 8, was sluggish compared to prior years. But average daily GGR for that period was .

1 million. That figure declined to . 1 million a day last week, according to JPMorgan. live casino guy That is (obviously) weaker than Golden Week’s MOP0 million (US. 1 million), but well above September’s MOP million. It reflects the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time,” note the bank’s analysts. During the earlier stages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021.

However, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. If that doesn’t happen, the rebound time line gets pushed out to 2022. Travel Woes LingerHindering concessionaires’ ability to shake off the effects of betrivers casino appthe pandemic are still-slack visitation numbers, which appear to be the result of procedural problems. It’s been about two months since Guangdong province resumed issuance of individual visit scheme (IVS) visas, with the rest of mainland China following suit a month later. soaring eagle casino goo goo dolls However, there is no online option, meaning applicants have to file in person. Compounding the problem is that approval times are as long as two weeks. harrah s casino promotions Then there’s the matter of coronavirus testing. harrah s casino oklahoma city desert diamond casino phoenix

Tourists wishing to travel to Macau must present the results of a nucleic acid test confirming they’re negative for the virus. The results cannot be any older than seven days, making spur-of-the-moment trips to the casino center difficult. Authorities are considering extending that time line to 14 days, which could provide a modest boost to gaming revenue. Motorcycle Grand Prix Likely OutWhile the Macau Grand Prix is still slated to run from Nov. draftkings casino not showing up grand x casino roulette 19-22, the president of Macau’s Sports Bureau, Pun Weng Kun, says