Boulder Station Casino Wiki  said news of Guangdong doing away with its Macau quarantine policy is credit positive for the special administrative region’s (SAR) concessionaires because mainland China accounts for 71 percent of the visits to the gaming mecca. casino soaring eagle Feeling the BurnA modest rebound in the second half of this year — which plenty of analysts are forecasting — could help Macau operators slow their cash burn rates. poker casino royale bond In a note out earlier this month, JP Morgan Securities said Macau’s six concessionaires went through a combined 8 million in the second quarter just to keep the venue open. free online poker solver Wynn Macau accounted for a hefty percentage of that sum, burning through million per month, according to the bank. A “moderate gross gaming revenue (GGR) rebound” in the second half will help concessionaires trim those cash burn rates, says Moody’s. However, operators likely need GGR to return to 35 percent to 50 percent of 2019 levels to break even on the basis of earnings before interest, taxes, depreciation and amortization (EBITDA). Analysts believe the initial recovery in Macau will be stoked by premium mass market players and VIPs, which is to Wynn’s benefit because it caters to higher-end gamblers. More Help NeededThe loosened travel protocols with Guangdong are a step in the right direction for Macau.

But the SAR’s gaming-dependent economy still needs some more help. For example, a strict quarantine policy with Hong Kong remains in effect, and there’s still no word on when Broulette casino lyoneijing will resume issuance of individual visit scheme (IVS) visas — the travel permit used by many on mainland China to enter Macau. In 2019, about half of all Chinese tourists visiting the gaming center used IVS to get there. “We expect demand from Guangdong can recover quickly to approximately 70 percent of normal levels (equals to 80 percent to 90 percent for VIP; 50 percent to 60 percent for mass) if and when visas are resumed,” notes JPMorgan. black oak casino recent winners brian christopher slots movies Pennsylvania gaming revenue, including win from slot machines, table games, online gambling, sports betting, daily fantasy sports (DFS), and video gaming terminals (VGTs), fell 18 percent during the 2019-20 fiscal year. Pennsylvania gaming revenue tumbled due to coronavirus health safety measures in place. (Image: William Thomas Cain/Bucks County Courier Times)COVID-19 was the culprit for the steep decline. free casino slot machine games reviews The pandemic forced the state’s 12 brick-and-mortar casinos to close for nearly three months, VGT parlors inside truck stops were off-limits, and oddsmakers and DFS platforms had little to no sports to offer lines and contests on. coushatta louisiana casino san manuel casino county

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