seminole casino millionaireMacau’s road back to gross gaming revenue (GGR) normalcy in the wake of the coronavirus pandemic won’t be realized this month.(Image: CNBC)The Centennial State, which is home to more than 30 commercial and tribal gaming properties, joins a slew of others that are clamping down on large gatherings because of the COVID-19 pandemic.“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.fanduel casino refundThose 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.Last year, 91 percent of the visitors to Macau hailed from mainland China and Hong Kong.”online gambling best sites

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little river casino covidIf 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.Colorado is mandating a variety of businesses, including casinos, temporarily close because of the coronavirus.”harrah s cherokee casino gambling age2 million in turnover, down 75 percent to 80 percent on a year-over-year basis, according to JPMorgan Securities.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.Colorado casinos are following a state-issued order aimed at stemming the spread of the coronavirus, with operators announcing a series of temporary closures that commenced Tuesday morning.viejas casino parking

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twin river casino valet parking“The public health order will help the state slow and limit the spread of COVID-19 in Colorado communities.While this is slightly better than the circa MOP170 million/day (.”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.Market observers believe the key to the peninsula’s return to business as usual lies with China, Hong Kong, Taiwan, and some other nations relaxing travel restrictions to the gaming center.Last year, 91 percent of the visitors to Macau hailed from mainland China and Hong Kong.encore casino hotel rooms