Online Gambling Ebay Increasing Independence is PositiveUnder pressure from activist investors to wring some value from its property holdings, MGM spun-off MGP in 2016. Since then, the parent company maintained a large stake in the REIT, preventing Wall Street from viewing the property firm as truly independent. However, the Mirage operator’s financial stake in the real estate company is decreasing, something analysts view as a long-term positive for MGP. “Upon completion of the 0 million operating partnership units redemption in May 2020, MGM Resorts has approximately 172 million units, or a 56. is fanduel casino legal in pa m life casino near me 7% economic ownership in MGP, down from 67. 7% at year-end 2019,” according to Moody’s. river spirit casino tulsa ok concerts drake casino bonus ohne einzahlung mohegan sun casino yelp Mountaineer Casino Mahogany Hvgt

“MGM Resorts has 0 million remaining under its agreement with MGP to purchase up to . bitcoin online casino no deposit bonus 4 billion of MGP’s units for cash through February 2022. We expect future redemption to reduce the ownership to below 50%. ”When MGM’s position in the REIT drops below 30 percent, an arrangement kicks in whereby costs to enhance properties incurred by the operator will be reimbursed by the landlord in exchange for increases to master lease terms. UBS is revising lower its 2020 gross gaming revenue (GGR) forecast for Macau nearly four months after the coronavirus forced a 15-day shutdown of casinos there. video poker casino guide UBS analyst Robin Farley, seen here in a 2010 CNBC interview, is cutting her 2020 Macau revenue forecast.

Key Insights and Expert Analysis

(Image: CNBC)In a recent note to clients, UBS analyst Robin Farley projects a 44 percent dedoubledown casino free chips facebookcline in revenue this year for the world’s largest gaming center, down from a prior estimate calling for a 31 percent contraction. scarlet pearl casino slots We are lowering gross gaming revenue estimates on slower visitor recovery in Macau, as we expect a partial resumption of the Individual Visit Scheme from June/July in Guangdong, later than our May expectation earlier,” she said. The individual visit scheme (IVS) is a vital travel permit used by citizens of mainland China to enter Macau, and many of them are considered premium mass players or high rollers. cashman casino level 70 Beijing froze IVS issuance late last year in advance of President Xi Jinping’s visit to the peninsula. But experts believed the halt would be lifted early this year. tachi palace casino map the choctaw casino resort The coronavirus pandemic subsequently altered those plans. angel of the winds casino news

Still Struggling With Travel BansAfter dealing with a 93. riverwind casino wyandotte 2 percent decline in GGR last month, Macau concessionaires continue struggling with travel restrictions that are keeping visitors away from the gaming mecca. best slot machine casino montreal Dealing a blow to the peninsula’s recovery efforts, Hong Kong earlier this week extended to July 7 a 14-day quarantine policy for anyone arriving there from Macau. Mainland China, Hong Kong, and Taiwan combine for about nine of every 10 visitors to Macau. pechanga casino online “Guangdong, Macau, and Hong Kong have discussed allowing cross-border travels with mutually recognized health-monitoring measures, so the potential convenience of that would be a positive for Macau gaming, though timing is unclear,” said Fardoubledown casino free chips facebookley. Brian Christopher Slots Group Pull Vowa Guangdong is the mainland province nearest to Macau.

Experts believe if that province relaxes travel restrictions with the gaming hub, other mainland regions will rapidly follow suit. Some Good NewsThere are some indicators that Macau gaming numbers will bounce back later this year. Best Table Games In Casino Hoho Austria For example, VIP traffic is somewhat steady on the peninsula, and there’s belief that Chinese gamblers won’t venture far from home in the coming month. valley forge casino resort Farley, the UBS analyst, says the combination of travel bans and no COVID-19 vaccine will keep Chinese gamblers away from other markets, such as Las Vegas and Singapore, which is to the benefit of Macau operators. Online Poker Casino Real Money Hizc She also highlighted the strong cash positions of Macau concessionaires, noting most have ample cash on hand and access to more capital, if needed, to endure what’s now a trying operating environment. As just two examples of lenders’