Paragon Casino Buffet  second-straight month pushing share prices for Wynn resorts and their competition lower. (Source: Macau Business)Most industry analysts expected gaming revenue to jump from between 17 and 21 percent in the month of June. Instead, year-over-year profits for the month hit a high of . 78 billion, an increase of just 12. 5 percent, well short of analyst expectations. That marks two straight months that profits have fallen short of expectations, although the enclave city still managed to post a 23rd consecutive month of growth.

The company’s stocks are sliding as a consequence. Share prices in Wynn Resorts dipped to 4. 14 per share on the news this week, a drop of 7. island resort and casino dining 89 percent. If you’re wondering why, look no further than the fact that Wynn derives about 50 percent of its revenue from their Macau casino business. big fish casino lawsuit update Temporary, or a Trend? little river casino update

Key Insights and Expert Analysis

Despite the disappointing June showing, industry analysts say it’s not time to hit the panic button just yet. A number of experts speculate that the opening of the World Cup may have played a factor in keeping casino crowds low in June. It’s also worth pointing out that June 2017 was a tough month to live up to when comparing year-over-year revenue, as it marked the second-most profitable month of that calendar year. “Keep in mind that Macau has bad weeks all the time, and one bad week doesn’t make a trend,” Gaming Securities Asia analyst Grant Govertsen told the Las Vegas Review Journal. While some analysts beldoubledown casino mod apkieve the pending completion of the Hong Kong to Macau bridge could provide a boost to gaming numbers, not everyone is convinced. Governsten maintains that the bridge will create “no discernible impact” on revenues – gaming or otherwise – for the former Portuguese enclave. morongo casino new years

The 34-mile, billion bridge will cut travel time between Macau and Hong Kong to just 40 minutes and is expected to be open later this year. Online Casino No Deposit Bonus Free Spins Australia Bvnz Sagging CompetitionJune was difficult for one of the new kids on the block as well. Ruby Star Slots Suyd MGM Resorts, which opened a second casino in Macau earlier this year suffered a three percent drop in its stock price,down to . choctaw casino sports book 27 per share. Its new property has failed to bring in the big crowds so far, according to the Las Vegas Review Journal. wildz casino canada Kansas Star Casino News Alsx “We’re not seeing the market-growing benefit from the most recent supply, as it needs to be finished before it can begin ramping properly,” Govertsen said. zeus 2 casino slot machine club player casino no deposit bonus codes september 2021

Las Vegas Sands, which also makes some 50 percent of its profit via Macau, wasn’t immune either. seneca niagara casino giveaways Its shares were down 6. Coushatta Casino Youtube Hslg 67 percent to . 27 this week. miami club casino no deposit intertops casino home In the big picture, however, it may just be a bump in the road. big fish casino offline Gaming analysts have predicted that revenues in the “Las Vegas of Asia” could hit billion by 2022. turtle creek casino concerts

The Culinary Union (Local 226) has announced it will picket the off-Strip Westgate Las Vegas Resort & Casino and Fremont Street’s D Las Vegas Casino Hotel this Friday, July 6. In May, the 50,000-strong Culinary Union voted to stage a doubledown casino mod apkcitywide walkout if its demands were not met. Several operators have since struck deals with the unions and the threatened strike was averted. (Image: Culinary Workers Union Local 226)The union, which represents around 50,000 bartenders, bellmen, cocktail servers, food servers, housekeepers, kitchen staff and porters, will use the July 4th weekend to highlight an apparent impasse in contract talks with the two casinos. An estimated 316,000 visitors are expected to flock to the city for the festivities. boulder station casino directions The news comes as the union announced on Tuesday a “tentative agreement” with the Plaza Hotel and Casino, described on Twitter as a “historic new 5-year contract” that “covers 300+ workers jackson rancheria casino resort phone number golden nugget casino gulfport ms