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” Macau’s road back to gross gaming revenue (GGR) normalcy in the wake of the coronavirus pandemic won’t be realized this month. Some analysts expect GGR there is tracking as much as 80 percent off year-earlier levels. turtle lake casino birthday promo Macau gaming revenue fell as much as 80 percent in the first half of March, according to JPMorgan Securities. Mgm Casino Detroit Restaurants Hmjr Canada (Image: CNBC)Through the first half of March, concessionaires in the world’s largest gaming center likely generated a combined 6. Luckyland Slots Cheats Qylr 2 million in turnover, down 75 percent to 80 percent on a year-over-year basis, according to JPMorgan Securities.

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While this is slightly better than the circa MOP170 million/day (. big fish casino mod 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 smalharrah s cherokee casino blackjack rulesl group of players,” said the research firm in a Monday note to clients. draftkings casino app 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. pechanga casino owner 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. choctaw casino tim mcgraw table games at luxor casino

“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. casino near me queens ny hard rock hotel and casino lake tahoe reviews 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. blackjack online with friends fake money 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. Positive SignsEarlier this month, China’s State Counciharrah s cherokee casino blackjack rulesl approved the extension of Macau’s jurisdiction to Hengqin Port, a move that could aid in increasing visits from Guangdong. wild casino ndb codes

That extension goes into effect midnight Wednesday. But the Guangdong and Macau governments must make a decision on when the new checkpoint will officially open. 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. online casino dealer jobs Black Oak Casino Arcade Fpgn “While we embrace near-term concerns on horrid GGR trends and sell-side earnings cuts, we believe most of the cuts will be done by next month (post-March GGR, plus possible resumption of Macau IVS), after which we expect these stocks to grind higher on ‘less bad’ trends and normalizing multiples,” said analysts at the bank. chukchansi casino commercial Colorado casinos are following a state-issued order aimed at stemming the spread of the coronavirus, with operators announcing a series of best online poker casino