The Black Hawk Casino (down 80 percent to 85 percent), which is also within expectations and not very telling,” according to JPMorgan. 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. 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 Council approved the extension of Macau’s jurisdiction to Hengqin Port, a move that could aid in increasing visits from Guangdong. That extension goes into effect midnight Wednesday. online casino real money no deposit

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. “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. Colorado casinos are following ar online gambling state-issued order aimed at stemming the spread of the coronavirus, with operators announcing a series of temporary closures that commenced Tuesday morning. Colorado is mandating a variety of businesses, including casinos, temporarily close because of the coronavirus. slotocash cash casino (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. draftkings casino sign up

Key Insights and Expert Analysis

In many of the states issuing those orders, the mandates aren’t targeting casinos, and pertain to businesses such as bars, cinemas, and restaurants, among others. where are the seminole casinos in florida mountaineer casino facebook The Colorado Department of Public Health and Environment issued a public health order to close bars, restaurants, gyms, theaters, and casinos to slow the spread of the COVID-19 virus, effective at 8:00 a. m. online poker casino schweiz Chinook Winds Casino Buffet Coupons Vxcd on March 17 for the duration of 30 days,” according to a statement from the department. “The public health order will help the state slow and limit the spread of COVID-19 in Colorado communities. riverwind casino okc ok morongo casino poker room ”Late Monday night, Penn National Gaming – a company that’s grappling with temporary closures in an array of states – got the ball rolling, saying “it will temporarily suspend operations at Ameristar Black Hawk Casino Hotel for a period of thirty days beginning at 4:00 a. royal ace casino web player mgm grand casino fire red stag bonus codes

m. black bear casino texas holdem on Tuesday, March 17, 2020 as a precautionary measure against the ongoing spread of COVID-19. ”Penn National CEO Jay Snowden said the company plans to pr online gamblinglay wages and benefits for the Ameristar’s nearly 800 affected employees through the end of this month,Rivals Following SuitFull House Resorts, the operators of Bronco Billy’s Casino & Hotel in Cripple Creek, Colo. chukchansi casino lemoore ca Island Resort And Casino Harris Michigan Rbxq , followed Penn National in announcing the closure of its Colorado venue. “We know of no instances of COVID-19 at any of our resorts,” said Full House CEO Daniel Lee in a statement. Seneca Niagara Resort Casino United States Emox Full House is a small operator with just five casinos. kansas star casino twitter hard rock casino in sacramento

But three of those are in states ordering temporary business suspensions – Colorado, Indiana, and Mississippi. Mgm Casino California Digx Century Casinos, another smaller gaming firm with two eponymous properties in Cripple Creek and Central City, Colo. , said it will comply with the state closure directive while acknowledging a pinch to its earnings before interest, taxes, depreciation and amortization (EBITDA). firekeepers casino floor plan Century “estimates that without business interruptions, its Colorado operating segment would generate 9-11%