doubledown casino email sign upWynn Las Vegas and the Encore casinos on the Las Vegas Strip are putting new security measures in place, including K-9 dogs and metal scanners.Sigh of ReliefFor investors, Bernstein’s commentary on the fate of US operators in Macau is likely a relief, because loss of exposure to that market would be highly damaging to the thesis on these names.Tourists at Sands’ Parisian Macau.free cashman casino unlimited coinsLikewise, Wynn counts on Macau for two-thirds or more of EBITDA and revenue in typical quarters in standard operating climates.Wynn Las Vegas and the Encore were built at the site of the now-demolished Desert Inn hotel-casino.Now, some analysts believe it will be 2022 before Macau regulators even get around to discussing license renewals, and even that timeline could be pushed out a year.captain jack casino 100 free spins

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twin river casino covid 19As US/China relations become increasingly volatile, there’s speculation those operators are at risk of losing Macau permits.The Encore (seen here) and Wynn Las Vegas are implementing new security measures., altering the gross gaming revenue (GGR) tax, imposing taxation on gaming profits, imposing taxation on dividends, mandating up-front fees,” according to the brokerage house.mountaineer casino breakfast buffetWynn Las Vegas and the Encore also will have more security officers on site.The two Wynn Resorts properties are side-by-side on the Las Vegas Strip.Local law gives authorities some wiggle room in that they can renew current accords with gaming companies and revisit the license renewal issue in 2027.free casino slots 20x20

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cashman casino play onlineIn the most recent incident, security guards at the South Point Hotel Casino and Spa shot and killed an armed man on Sunday in the valet area at the resort.(Image: Bloomberg)There are six concessionaires operating in the world’s largest gaming center, three of which are based in Nevada — Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts (NASDAQ:WYNN).Security checks will only occur Fridays through Sundays.Heading into 2020, consensus wisdom was that renewal talks would start this year.Heading into 2020, consensus wisdom was that renewal talks would start this year.“Directly attacking US business (especially ones that have been solid partners to the Macau government) is not a very likely course of action,” notes Bernstein.hard rock casino lake tahoe table games