Doubledown Casino Ibues 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. That sounds bad, and it is. pechanga casino in san diego 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. river spirit casino valet 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. luckyland slots casino login Euro Casino Free Slots Bhon 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. live casino contact number luckyland casino no deposit bonus code Those are positive steps. hollywood casino 400 laps But analysts widely said it will take some time for those moves to directly benefit concessionaires’ top and bottom lines.

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The hold-up revolves around processing times. There’s evidedraftkings casino hoursnce of the pent-up demand operators frequently discussed over the course of 2020. casino extreme magazine But Guangdong travelers are facing wait times of seven to 10 days to get their Macau visit permits approved. mgm grand casino springfield mab The province is the closest mainland region to the gaming hub and accounted for almost half the visits to the casino center last year. Assuming there’s not another widespread outbreak of coronavirus cases, the rest of mainland China is slated to resume issuing IVS permits on Sept. 23. does the wynn have a casino Free Online Poker Browser Qxid 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. 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. harrah s casino michigan 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. With Golden Week less than a month away, Macau operators have an opportunity to speed along recovery.

Anadraftkings casino hourslysts 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. (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. Data suggests recent relaxation of travel restrictions paid off a bit. online slots real money reviews The city of Zhuhai started reissuing tourist visas on Aug.

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