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“It appears increasingly likely that the federal government will step in to help the various sectors of the hospitality industry, as well as the airlines,” Mikael Ahlgren, director of Gaming Initiatives at Penn State University, recently told Casino. mountaineer casino rewards org. morongo casino steakhouse “The support is likely to come in various forms, including direct payments, as well as various loan programs. river spirit casino slots ” Macau’s road back to gross gaming revenue (GGR) normalcy in the wake of the coronavirus pandemic won’t be realized this month. lake tahoe casino covid restrictions Some analysts expect GGR there is tracking as much as 80 percent off year-earlier levels. no deposit bonus casino bitcoin liberty slots casino 20 free chip Macau gaming revenue fell as much as 80 percent in the first half of March, according to JPMorgan Securities.

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(Image: CNBC)Through the first half of Mam resorts casinorch, concessionaires in the world’s largest gaming center likely generated a combined 6. valley forge casino website Encore Casino Everett Dreb Code Nkgr Australia 2 million in turnover, down 75 percent to 80 percent on a year-over-year basis, according to JPMorgan Securities. While this is slightly better than the circa MOP170 million/day (. 25 million) in the previous week, we think week-on-week trend is almost meaningless at this point, as it is will continue to be extremely volatile, driven by a small group of players,” said the research firm in a Monday note to clients. cashman casino 2020 JPMorgan’s estimate jibes with one released earlier this month by brokerage house Bernstein, which said Macau’s GGR likely slid almost 80 percent year-over-year through the first eight days of March. Those dour forecasts come after gaming turnover in the Special Administrative Region (SAR) plunged by a record 88 percent in February following a 15-day gaming property closure because of the COVID-19 outbreak.

Waiting For Green ShootsAs gaming hubs around the world grapple with the coronavirus, investors and operators are desperate for positive vibes, and Macau may be inching to closer compared to other regions due in part some strength among high-end players. gta v casino blackjack rigged “VIP seems to be faring better (down 70 percent to 75 percent year-on-year) than mass (down 80 percent to 85 percent), which is also within expectations and not very telling,” according to JPMorgan. Market observers believe the key to the peninsula’s return to business as usual lies with China, Honm resorts casinog Kong, Taiwan, and some other nations relaxing travel restrictions to the gaming center. viejas casino fireworks 2021 Last year, 91 percent of the visitors to Macau hailed from mainland China and Hong Kong. If Beijing gives the go-ahead for travelers from Guangdong, the closest province to Macau and China’s wealthiest, to return to the SAR, that could be a significant near-term boon for gaming revenue there. my borgata online casino Positive SignsEarlier this month, China’s State Council approved the extension of Macau’s jurisdiction to Hengqin Port, a move that could aid in increasing visits from Guangdong.

That extension goes into effect midnight Wednesday. casino 2000 roulette But the Guangdong and Macau governments must make a decision on when the new checkpoint will officially open. coushatta casino seven clans buffet As for forecasts on Macau-related equities, essentially none of which have been positive this year, JPMorgan sees some utility in bad news being largely baked into these names. Telefono De Viejas Casino Pgxe “While we embrace

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