cashman casino cash outAlong those lines, there’s also chatter that a win by Biden will ease the concession renewal process for US-based Macau operators, potentially eliminating the specter of new fees and penalties or the risk that licenses won’t be renewed at all.As such, in advance of tomorrow’s US elections, some gaming analysts are saying a victory by former Vice President and Democratic nominee Joe Biden will benefit Macau operators, including Wynn.48 percent off the March lows.blackjack online illinoisFitch Ratings has downgraded approximately 5 million worth of bonds issued by the New Jersey Casino Reinvestment Development Authority (CRDA).As such, in advance of tomorrow’s US elections, some gaming analysts are saying a victory by former Vice President and Democratic nominee Joe Biden will benefit Macau operators, including Wynn.But Bain lays out a case as to why that should change.online casino poker australia

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is scarlet pearl casino smoke freeElectoral ImplicationsIn the wake of the coronavirus pandemic, operators with exposure to Macau continue struggling, as visits to the world’s largest gaming center remain slack, pinching gross gaming revenue (GGR) in the process.“We would expect to see Wynn stock re-rate if Biden wins the presidency.”Prior to Allen’s call, the last two analyst rating actions on Wynn stock were downgrades.seminole casino fireworks 2020“We believe a Biden victory, while not completely resolving the tenuous trade relations btw.Over the near-term, however, there’s a lot riding on the outcome of Tuesday’s US election.(Image: Bloomberg)The bank raised its rating on shares of the Encore opvegas x casino no deposit bonuserator to “overweight” from “equal-weight,” while lifting its price target on the name to from , implying upside of 29 percent from last Friday’s close.casino blackjack minimum bet

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harrah s casino orlando florida“We would expect to see Wynn stock re-rate if Biden wins the presidency.That’s because the gaming company depends on Macau for 75 percent or more of its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue in normal quarters.He said there’s also potential with the company’s small, but growing, sports wagering operation.He notes it’s possible the stock could climb to 5, more than double current levels if 2022 EBITDA comes in at or tops .That, coupled with President Trump’s heavy-handed approach to relations with China, are among the factors weighing on Wynn stock this year.Over the near-term, however, there’s a lot riding on the outcome of Tuesday’s US election.coushatta casino buffet