mgm grand casino promotions(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.”“We need to buy our people time.Lack of clarity on when Beijing will lift the IVS halt is prompting analysts to speculate that the first nine months of this year will essentially be a wash for Macau concessionaires, and that no noticeable uptick in GGR will materialize until the fourth quarter.online slots real money reviewse all 15 coronavirus deaths have occurred.This 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 have major, major challenges.borgata casino bonus codes

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h live casinoMacau’s faltering gross gaming revenue (GGR) will maintain that downward trajectory at least until October.Looking further, 2021 is expected to be significantly better for Macau than 2020 will prove to be.“This is an Apollo 13 environment.borgata casino parkingIt’s a gambit that initially proved effective, as Macau went almost 40 days without a new reported case of the respiratory illness.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 expechanga casino discount codepected.Murren added, “One thing I’ve learned in thepechanga casino discount code 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.free slots play 999

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blackjack juego casino”“I’m proud to announce some really wonderful developments that members of the group and leaders in our community accomplished in just a few days,” the ex-casino boss said.Some of those controls, including limiting visitors to Chinese, Hong Kong, and Taiwanese nationals, are self-imposed.Slow 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.Time to get tested, time to get treated,” Murren concluded.GGR there fell by a record 87.As expected, Macau GGR will tumble this year.roulette casino game odds