2025.10.08
draftkings casino leaderboardFor Macau gaming equities, the timing of Bernstein’s downward revisions is inauspicious because it comes just days after J.More Rough ForecastsThe celebration marking the transfer of Macau to Chinese control from being a colony of Portugal doesn’t commence until later this month.Revenue among high-end gamblers visiting the Special Administrative Region (SAR) has been slack for several months, a scenario exacerbated by the visa controls because more affluent players, particularly those from mainland China, make more frequent visits to the peninsula than do their mass market counterparts.golden nugget casino destin fl(Image: WVXU)In a report out Monday, Bernstein’s team of gaming analysts note the tighter visitation policy, revealed as part of preparations for ctable games at firekeepers casinoelebrations later this month commemorating the twentieth anniversary of the handover of Macau to China from Portugal, are hampering revenue there.22, earlier than was expected.org reported Monday, Wynn released solid October earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue guidance for its two Macau properties, Wynn Macau and Wynn Palace.morongo casino vs san manuel intertops casino tournamentdouble u down free slotsThat’s a 16 percent tumble from the year earlier period, and a six percent decline from November, which was the worst month of the year in terms of gaming turnover in Macau.(Image: WVXU)In a report out Monday, Bernstein’s team of gaming analysts note the tighter visitation policy, revealed as part of preparations for ctable games at firekeepers casinoelebrations later this month commemorating the twentieth anniversary of the handover of Macau to China from Portugal, are hampering revenue there.org reported Monday, Wynn released solid October earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue guidance for its two Macau properties, Wynn Macau and Wynn Palace.blackjack casino edgeAt the end of the third quarter, 23 hedge funds held long positions in the regional gaming company’s shares, a 15 percent jump from the previous quarter.Solid fundamentals and the potential for robust margin expansion could be among the factors luring pros to the stock.Morgan analyst Joseph Greff noted there’s value in names such as Melco Resorts (NASDAQ:MLCO) and Wynn Resorts Ltd.las atlantis casino promo code captain jack casino no deposit bonus 2021tachi palace casino reopeningVisa limitations/restrictions on IVS and transit visas are impacting higher-frequency, higher-end players in both VIP and mass along with junket agents, which has led to significant declines in higtable games at firekeepers casinoh-end visitation and GGR,” according to Bernstein.Due to the limitations on visits to the peninsula, Bernstein is now forecasting a December GGR decline of 12 percent to 16 percent, far worse than its original estimate calling for a decline of eight percent to 11 percent.While VIP hold rate is around the normal range, this hold is lower than last December,” note the Bernstein analysts.The company said preliminary Macau results for November and to this point in December are not available.Last month, the research firm lowered earnings and revenue estimates for the six Macau concessionaires, citing lethargy in the high-end segment.1, said “we intend to meaningfully deleverage our balance sheet,” but no mention of selling the Tropicana was made.downstream casino jacuzzi room river spirit casino tulsa upcoming events |