Aliante Casino Hotel na Morning Post)Buoyed by mass market players and VIPs, GGR in the world’s largest casino center was probably around million through the first seven days of this month, according to research firm Bernstein. On a month-to-date basis, average daily revenue is lower by 89 percent compared to September 2019. island view casino gulfport buffet While the ninth month of the year is still in its early innings, Bernstein is forecasting a revenue decline in the mid-80’s percent range. That sounds bad, and it is. But if that’s the result, it will be better than the 94. kansas star casino is it open 5 percent slide in August, which was the fifth straight month of drops of 90 percent or more. August was also the eleventh consecutive month in which Macau GGR retreated year-over-year. In recent days, analysts are estimating that September won’t bring an epic rebound for concessionaires on the peninsula.

But added incremental improvements this month could set the stage for a more material resurgence in the fourth quarter. bovada live casino Online Casino Real Money No Deposit Welcome Bonus Zbku Looming CatalystsMacau’s recovery efforts are being stymied by bureaucratic delays, which is something that can be worked through as 2020 draws to a close. mohegan sun pocono casino hours Last month, the city of Zhuhai in Guangdong resumed issuing individual visit scheme (IVS) visas, followed by the rest of the province on Aug. free online poker practice 26. Those are positive steps. But analysts widely said it will take some time for those moves to directly benefit concessionaires’ top and bottom lines. mgm casino telephone number The hold-up revolves around processing times. intertops casino legit wild aces casino There’s evidedrake casino free bonus codesnce of the pent-up demand operators frequently discussed over the course of 2020. Lucky Creek Casino Mobile Login Lywu

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But Guangdong travelers are facing wait times of seven to 10 days to get their Macau visit permits approved. The province is the closest mainland region to the gaming hub and accounted for almost half the visits to the casino center last year. Assuming there’s not another widespread outbreak of coronavirus cases, the rest of mainland China is slated to resume issuing IVS permits on Sept. 23. chumba casino 1099 Allotting for cumbersome waiting periods, that move would start benefiting Macau operators in the fourth quarter. What’s NextBernstein says concessionaires with a focus on the premium mass and VIP segments, which includes Melco Resorts & Entertainment and Wynn Resorts, should get some near-term tailwinds if traffic from those groups remains steady. jamul casino jackpots However, the research firm adds there’s limited visibility as to when travel between Hong Kong and Macau will reopen. Hong Kong’s COVID-19 case count is declining, which is positive because that special administrative region (SAR) accounts for 10 percent of annual visits to Macau, according to Bernstein. chukchansi casino sunday brunch foxwoods resort casino premier theater

The impact of IVS resumption will be soon be tested with the arrival of Golden Week on Oct. 1. casino near me delaware riverwind casino food trucks Consensus wisdom among analysts is that the festival will go a long way toward determining how strong Macau’s fourth-quarter recovery will be. With Golden Week less than a month away, Macau operators have an opportunity to speed along recovery. Anadrake casino free bonus codeslysts view the marquee holiday as perhaps the last best hope for concessionaires there to finish 2020 on a strong note. Macau casinos during Golden Week 2018. Caesar Casino Bonus Egkl The arrival of the holiday this year is pivotal to recovery hopes. (Image: AFP)Gross gaming revenue (GGR) in the world’s largest casino center slid 94.

5 percent in August, marking the fifth straight month of declines of 90 percent or more. Data suggests recent relaxation of travel restrictions paid off a bit. The city of Zhuhai started reissuing tourist visas on Aug. Island View Casino Human Resources Gbqw 12 followed by the rest of Guangdong province two weeks later. That sparked a modest uptick in visits in last month, a trend analysts see continuing with the arrival of Golden Week. Analysts now are expecting the Golden Week holiday from Oct. lucky tiger casino bonus ohne einzahlung 1 to Oct. 8 will encourage online gambling tax rate