harrah s casino lake charlesAt the end of the third quarter, 23 hedge funds held long positions in the regional gaming company’s shares, a 15 percent jump from the previous quarter.Implementation of visa restrictions is limiting gamblers’ visits to Macau this month, and that’s crimping monthly gross gaming revenue (GGR), say some analysts.Stock Has SupportersData confirms some professional investors are buying into the Penn National story.slot casino betfairDue to the limitations on visits to the peninsula, Bernstein is now forecasting a December GGR decline of 12 percent to 16 percent, far worse than its original estimate calling for a decline of eight percent to 11 percent.That’s a 16 percent tumble from the year earlier period, and a six percent decline from November, which was the worst month of the year in terms of gaming turnover in Macau.Solid fundamentals and the potential for robust margin expansion could be among the factors luring pros to the stock.thunder valley casino jobs roseville ca

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wild joker casino lobbyMorgan’s Greff.22, earlier than was expected.Penn could benefit from “strong fundamentals for the regional gaming consumer, which should continue to support modest gross gaming revenue (GGR) growth, favorable year-over-year comparisons, particularly in areas impacted by adverse weather in 2019 (Midwest and South); and opportunity for further margin expansion,” said J.intertops casino no deposit codes 2020HG Vora, which has stakes in a slew of gaming companies, is the largest hedge fund owner of Penn National shares, with a stake valued at more than 0 million.Visa limitations/restrictions on IVS and transit visas are impacting higher-frequency, higher-end players in both VIP and mass along with junket agents, which has led to significant declines in higwinstar world casino check in timeh-end visitation and GGR,” according to Bernstein.Penn could benefit from “strong fundamentals for the regional gaming consumer, which should continue to support modest gross gaming revenue (GGR) growth, favorable year-over-year comparisons, particularly in areas impacted by adverse weather in 2019 (Midwest and South); and opportunity for further margin expansion,” said J.casino for sale

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red stag casino bonus ohne einzahlungAdditionally, casinos – like banks anVisa limitations/restrictions on IVS and transit visas are impacting higher-frequency, higher-end players in both VIP and mass along with junket agents, which has led to significant declines in higwinstar world casino check in timeh-end visitation and GGR,” according to Bernstein.That decision is prompting some research firms to trim monthly and quarterly GGR estimates for the Chinese territory.(Image: WVXU)In a report out Monday, Bernstein’s team of gaming analysts note the tighter visitation policy, revealed as part of preparations for cwinstar world casino check in timeelebrations later this month commemorating the twentieth anniversary of the handover of Macau to China from Portugal, are hampering revenue there.Reasons For The RestrictionsChina is clamping down on Macau tourism this month for a simple reason: an array of high-ranking dignitaries are expected to attend the handover ceremonies later this month.P.black bear casino alcohol policy