boomtown casino hotel renoThe gaming industry, along with travel and hospitality industries, are campaigning to be included in any government bailout stemming from COVID-19.Macau’s road back to gross gaming revenue (GGR) normalcy in the wake of the coronavirus pandemic won’t be realized this month.“VIP seems to be faring better (down 70 percent to 75 percent year-on-year) than mass (down 80 percent to 85 percent), which is also within expectations and not very telling,” according to JPMorgan.el dorado casino reno parking(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.JPMorgan’s estimate jibes with one released earlier this month by brokerage house Bernstein, which said Macau’s GGR likely slid almost 80 percent year-over-year through the first eight days of March.While this is slightly better than the circa MOP170 million/day (.casino table games roulette

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station casinos sunset station“VIP seems to be faring better (down 70 percent to 75 percent year-on-year) than mass (down 80 percent to 85 percent), which is also within expectations and not very telling,” according to JPMorgan.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.Macau gaming revenue fell as much as 80 percent in the first half of March, according to JPMorgan Securities.valley forge casino the vaultBut the Guangdong and Macau governments must make a decision on when the new checkpoint will officially open.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.Macau gaming revenue fell as much as 80 percent in the first half of March, according to JPMorgan Securities.is bovada casino rigged reddit

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river spirit casino slot machinesMarket 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.“VIP seems to be faring better (down 70 percent to 75 percent year-on-year) than mass (down 80 percent to 85 percent), which is also within expectations and not very telling,” according to JPMorgan.The gaming industry, along with travel and hospitality industries, are campaigning to be included in any government bailout stemming from COVID-19.“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.Macau gaming revenue fell as much as 80 percent in the first half of March, according to JPMorgan Securities.“The support is likely to come in various forms, including direct payments, as well as various loan programs.mohegan sun casino events