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santa ana casino lights 2020We assume GGR to drop about 55 percent in the first quarter,” said JPMorgan analysts in a note out earlier this week.4, Macau Chief Executive Ho Iat Seng said the Special Administrative Region’s (SAR) gaming venues would be shuttered for 15 days following the tenth reported coronavirus case on the peninsula.Analysts aren’t expecting much improvement in March, with some forecasting a GGR drop of 80 percent.mgm casino hoursEven before the PMI report, global banks were paring estimates for China’s first-quarter GDP, with Goldman Sachs and Nomura recently trimming forecasts to 2.Potentially compounding Macau’s woes is the toll the coronaviruthree rivers casino near mes is taking on the Chinese economy, the world’s second-largest behind the US.Murky Near-Term OutlookConsensus is building among analysts that Macau operators’ financial updates for the first and second quarters will almost be rendered moot because there will be little in the way of earnings to highlight.live casino 21

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gold coast casino buffet“Profits will inevitably decline faster than the top line, given the rigid cost structure – a maximum 15 percent to 20 percent of operating expenditure is subject to cost containment.Due to the COVID-19 epidemic, analysts are estimating sliding GGR figures as far out as the third quarter, though those declines are expected to be less severe than drops experienced in the first six months of 2020.Affected cities include some of the largest on mainland China, which accounts for 70 percent of the SAR’s gamblers.4, Macau Chief Executive Ho Iat Seng said the Special Administrative Region’s (SAR) gaming venues would be shuttered for 15 days following the tenth reported coronavirus case on the peninsula.Improvement Could be Far OffDICJ’s February data release arrived just days after Macau International Airport confirmed that 24 airlines are scrapping March flights to and from the gaming hub.We assume GGR to drop about 55 percent in the first quarter,” said JPMorgan analysts in a note out earlier this week.governor of poker 2 free online full version