Harrah S Casino Rewards na Morning Post)Buoyed by mass market players and VIPs, GGR in the world’s largest casino center was probably around million through the first seven days of this month, according to research firm Bernstein. On a month-to-date basis, average daily revenue is lower by 89 percent compared to September 2019. While the ninth month of the year is still in its early innings, Bernstein is forecasting a revenue decline in the mid-80’s percent range. wynn las vegas casino hours That sounds bad, and it is. live casino maryland mall But if that’s the result, it will be better than the 94. 5 percent slide in August, which was the fifth straight month of drops of 90 percent or more. August was also the eleventh consecutive month in which Macau GGR retreated year-over-year. In recent days, analysts are estimating that September won’t bring an epic rebound for concessionaires on the peninsula. But added incremental improvements this month could set the stage for a more material resurgence in the fourth quarter. Looming CatalystsMacau’s recovery efforts are being stymied by bureaucratic delays, which is something that can be worked through as 2020 draws to a close.

Last month, the city of Zhuhai in Guangdong resumed issuing individual visit scheme (IVS) visas, followed by the rest of the province on Aug. 26. Those are positive steps. But analysts widely said it will take some time for those moves to directly benefit concessionaires’ top and bottom lines. caesars slots login The hold-up revolves around processing times. There’s evideseven feathers casino midget wrestlingnce of the pent-up demand operators frequently discussed over the course of 2020. But Guangdong travelers are facing wait times of seven to 10 days to get their Macau visit permits approved. admiral casino free slots gta v online casino heist scope out The province is the closest mainland region to the gaming hub and accounted for almost half the visits to the casino center last year. harrah s cherokee casino concerts 2020 Assuming there’s not another widespread outbreak of coronavirus cases, the rest of mainland China is slated to resume issuing IVS permits on Sept. live casino khim 23. pechanga casino directions Desert Diamond Casino Promotions Jrot

Key Insights and Expert Analysis

Allotting for cumbersome waiting periods, that move would start benefiting Macau operators in the fourth quarter. What’s NextBernstein says concessionaires with a focus on the premium mass and VIP segments, which includes Melco Resorts & Entertainment and Wynn Resorts, should get some near-term tailwinds if traffic from those groups remains steady. online casino no deposit bonus in texas viejas casino images However, the research firm adds there’s limited visibility as to when travel between Hong Kong and Macau will reopen. Hong Kong’s COVID-19 case count is declining, which is positive because that special administrative region (SAR) accounts for 10 percent of annual visits to Macau, according to Bernstein. The impact of IVS resumption will be soon be tested with the arrival of Golden Week on Oct. 1. Consensus wisdom among analysts is that the festival will go a long way toward determining how strong Macau’s fourth-quarter recovery will be. wild casino free bonus codes Casino Games Free Online Poker Play Hiqf With Golden Week less than a month away, Macau operators have an opportunity to speed along recovery. Anaseven feathers casino midget wrestlinglysts view the marquee holiday as perhaps the last best hope for concessionaires there to finish 2020 on a strong note. Macau casinos during Golden Week 2018.

The arrival of the holiday this year is pivotal to recovery hopes. cache creek casino gift card (Image: AFP)Gross gaming revenue (GGR) in the world’s largest casino center slid 94. 5 percent in August, marking the fifth straight month of declines of 90 percent or more. black lotus casino no deposit 2021 island resort and casino escanaba mi Data suggests recent relaxation of travel restrictions paid off a bit. 6114 Online Casino Wxav The city of Zhuhai started reissuing tourist visas on Aug. 12 followed by the rest of Guangdong province two weeks later. That sparked a modest uptick in visits in last month, a trend analysts see continuing with the arrival of Golden Week. online casino real money usa paypal Analysts now are expecting the Golden Week holiday from Oct. bellagio hotel and casino jobs 1 to Oct. 8 will encourage Fanduel Casino Customer Service Ktnx