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This is only the second time the center has needed to use the Greek alphabet. The first time was in the 2005 hurricane seasonDuring that 2005 season, Hurricane Katrina blasted the Gulf Coast in late August, killing 1,833 people, according to CNN. Of that total, 1,577 were in Louisiana. Almost half of the people who died in Louisiana were over the age of 74. Approximately 40 percent of the Louisiana deaths during Katrina were attributed to drownings. Hurricane Katrina also devastated the casinos along the Mississippi Gulf Coast. Barge casinos were torn from their moorings in a 25-foot wall of water, tossing some onto land 200 yards from the shore, according to the AP.

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Gross gaming revenue (GGR) in Macau showed signs of improvement in September, but JP Morgan says it will be 2022 before those figures return to pre-coronbig dollar online casino no deposit bonusavirus highs. el dorado casino reno bars It’s going to take awhile for Macau GGR to recover. blackjack online app Island Resort And Casino Promo Code Zzoy JP Morgan forecasts 2022, to be precise. (Image: Bloomberg)That outlook deals a blow to the thesis that the world’s largest casino center could, with the help of pent-up demand and a COVID-19 vaccine, rebound in earnest in 2021. GGR numbers in the special administrative region (SAR) are in the midst of a six-month streak of year-over-year declines of at least 90 percent. In late August, Guangdong province restarted issuing individual visit scheme (IVS) tourist visas, with the rest of mainland China following suit on Sept. Real Casino Online For Real Money Awva 23, stoking hopes that pent-up demand would follow, bringing an influx of gamblers to Macau. aliante casino las vegas movie theater Slot Win Casino Zqxn

However, lengthy approval times for those permits and Beijing clamping down on cross-border money transfer is hindering the casino hub’s rebound efforts. We were overly hopeful on the prospect of pent-up demand, which we thought would outweigh the nuisances related to travel arrangement to Macau and stricter capital control,” said JP Morgan analysts. brian christopher slots youtube 2019 soaring eagle casino addreb Citing national security concerns, Chinese authorities are making it harder for VIP gamblers to move money into junket accounts, making Macau’s near-term recovery more dependent on mass market players that spend less. nugget reno casino tower vs resort tower VIP WoesWith higher-tier gamblers staying away for now, efforts to rejuvenate GGR are hamstrung, with recent data points confirming as much. Rey8 Casino No Deposit Bonus Kthl Revenue for the recently concluded Golden Week festival slumped 76 percent year-big dollar online casino no deposit bonusover-year, dashing hopes that the holiday could set the stage for a fourth-quarter rebound in Macau. scarlet pearl casino win lob statement For gamblers and concessionaires, Beijing’s crackdown on cross-border money flows is a vicious circle. valley forge casino winners Players are pulling billions of dollars from junket accounts, forcing those companies to yank deposits held at gaming venues. borgata online casino table games

In turn, operators are enforcing caps on cash chip withdrawals. Much of the problem revolves around Hong Kong. maryland live casino yelp That SAR serves not only as a major travel artery for Macau, but a vital thoroughfare for capital moving off mainland China and on to the gaming enclave. Analysts say the bulk of cash being withdrawn from junket accounts is denominated in Hong Kong dollars. free caesars slots That SAR accounts for about 15 percent of Macau GGR. movie theater at sunset station casino Making matters worse is that Hong Kong still enforces a 14-day quarantine policy