Here’s Why Macau Casino Stock Prices Took a Dive This Week

Macau Suncity Group Arrests

The casino industry in Macau continues to face setbacks. This week, various Macau casino stock prices took a major dive. Gaming analysts around the world are left wondering what this means for the casino companies here moving forward.

Now is a great time to talk about why exactly these share prices dropped. We’ll also discuss how Macau’s casino industry might fare in 2022.

Let’s get into it!

Macau Casino Stock Prices Took a Dive Over the Weekend

The gambling industry in Macau has long been one of the most successful in the world. Since early 2020, however, the casinos operating here have struggled immensely. That includes some of the most successful casino companies based in the United States with property in Macau.

A huge number of successful casino operators own casino-resorts in Macau. That includes Las Vegas Sands. This casino company has focused on its operations in Macau for years and remains optimistic that things will improve here in the future.

Recently, Macau casino stock prices took a major dive. This is due to a police crackdown that resulted in 11 individuals being arrested on money laundering and illegal cross-border gambling. Some of the individuals arrested are known for being major players in Macau’s gambling industry.

Shortly after this news broke, several of the most powerful gaming companies in Macau saw their share prices take major dives. MGM China’s price fell 10%. Wynn Macau saw a share price decrease of 8%. Sands China, owned by the aforementioned Las Vegas Sands, experienced a decrease of 6%.

A lot is changing in Macau right now. Many remain concerned about the success of the gaming industry here in the long term. Here’s a quick look at how Macau might fare in 2022.

Looking Ahead to Macau’s Performance in 2022

Macau’s gambling industry has been around for decades. Prior to 2020, it would draw in millions of people from around the world, especially Mainland China, to gamble. This territory is known for being home to a huge number of casino-resorts, all of which have struggled to bring in revenue in recent years.

Analysts seem torn as to how Macau will perform in 2022. Some expect travel restrictions to ease and tourism rate in the territory to increase over the year. Others point to the fact that the pandemic is not over and international travel is still difficult in many areas around Macau.

Much of the city’s performance next year will be decided on how the world handles the pandemic. There are no clear signs it will end in 2022. The spread of a new variant called Omicron only adds to speculation that this pandemic is far from over.

Many casino companies now have difficult decisions to make. If gambling revenue in Macau remains far behind what is being seen in the US, some may decide to sell their properties in the territory. For now, it seems most casino executives are optimistic that things will soon improve here.

2021 is still proving to be the best year in history for the US gambling industry. Here’s a look back at which states experienced the most growth in their gaming industries over the past 11 months.

US Gambling Revenue Hit New Highs Throughout 2021

The United States has expanded its gambling industry tremendously over the past few years. New casinos are constantly appearing around the country. The removal of PASPA in 2018 has led to the embrace of sports betting in more than half the country, too.

Much of the entire US gambling industry was completely shut down in 2020. The pandemic caused some of the country’s major gaming hubs to shut down for months. Fortunately, 2021 has proven to be one of the best years in history for the US gambling industry.

Las Vegas reported several record-breaking revenue months. Over the year’s third quarter, gambling revenue here came out to $2.1 billion, making the best quarter in history for this city. The opening of new properties including Resorts World Las Vegas seemed to help fuel revenue growth.

Atlantic City experienced incredible revenue surges over the year, too. As a result, many of the casinos here have recently undergone major renovations. Most analysts expect to see even more revenue flowing in here next year.

Macau stock prices have just dropped. How do you expect the casino industry in Macau to fare in 2022? Let us know in the comments section below.

More Reports on Wynn Resorts’ Revenue Figures are Coming Out

Wynn Resorts Sports Betting

Casino companies around the US have recently begun to release their revenue reports for the year’s third quarter. It’s clear that some of these companies are faring better than others. This week, more reports on Wynn Resorts’ revenue figures were officially released to the public.

This company has gone through some major changes in recent months. Now is a great time to discuss how these changes might affect Wynn Resorts moving forward. We’ll also take a close look at how much this casino operator brought in over July, August, and September.

Let’s get into it!

Breaking Down the Reports on Wynn Resorts’ Revenue for Q3

The past ten months have been some of the most successful in history for casino companies around the US. That is an incredible achievement, particularly when taking into account how dire things were for this industry in 2020. Tourism to major gambling hubs has increased throughout the year and casino revenue was flowing in.

Many casino companies have recently released their Q3 revenue reports. That includes Las Vegas Sands, which experienced a revenue decline during this period. This is primarily due to the company’s struggling properties in Macau.

Wynn Resorts’ revenue during Q3 also declined. Much of this is due to Wynn Resorts’ marketing efforts. This company managed to generate $183.4 million in adjusted EBITDA on $476 in operating revenue. Officials then discussed the company’s sports betting operations and revealed a new plan to focus more on WynnBet’s success.

Outgoing CEO Matt Maddox spoke about these reports during a conference call this week. He claims the company will focus on long-term strategies, rather than expensive marketing campaigns.

The market is really not sustainable right now,” Maddox said. Competitors are spending too much to get customers. And the economics are just not something that we’re going to participate in. We are focused on building a long-term business that’s sustainable, that is not losing lots and lots of money. So we are shifting our strategy to think about the long term, and think about cash preservation.”

It’s clear that Wynn Resorts is focused on making changes right now. That includes a change in leadership. Let’s take a look at some of the executive switch-ups happening within the company.

What to Expect From Wynn Resorts’ New CEO

Wynn Resorts has been dealt some unfortunate hands over the past two years. The company’s founder, Steve Wynn, was involved in numerous sexual misconduct cases. Company officials then began scrambling to figure out who would take over as CEO.

Max Maddox was eventually chosen. He has led the company during the mass shutdowns experienced in 2020. It seems these difficult times took a toll, as Maddox revealed that he will be stepping down as CEO in 2022.

Craig Billings, CEO of Wynn Interactive and former President and CFO of Wynn Resorts, was unanimously selected as the company’s new CEO. Many seem confident in Billings’ ability as the new company leader. He has been with the company for more than two decades and helped Wynn Resorts manage through the pandemic.

It seems that the upcoming CEO is already making plans for the future. Wynn Resorts’ revenue reports show that changes are needed. Whether that means less of a focus on operations in Macau remains to be seen. For nearly two years, Asia’s largest gambling hub has been bleeding several US casino operators dry.

A huge amount of attention has been put on Macau lately. Here’s a look at how casino operators may approach this major casino hub in 2022.

Is Macau No Longer a Profitable Casino Destination?

Macau has been considered one of the world’s most profitable gaming destinations for decades. As one of the few major casino hubs in Asia, it regularly draws in millions of gamblers from Mainland China, Japan, and Australia. The events that unfolded in 2022 took a massive toll on this territory.

Unlike the US casino industry, Macau’s casinos have found it difficult to generate revenue since early 2020. This is largely due to intense travel restrictions set in place by Mainland China. This has taken a major toll on the US casino companies with properties here.

Las Vegas Sands is one company that is being forced to take a hard look at its operations in Macau. Wynn Resorts and MGM Resorts International are others that own casinos here. All have seen poor revenue figures from their operations in this territory.

There is some confusion about the renewal of these company’s casino licenses in Macau. It seems unlikely that officials in Macau would choose not to renew these licenses. Anything is possible nowadays, though. Stay tuned for more information on Macau’s struggling gaming industry as the year goes.

Are you surprised to hear about Wynn Resorts’ revenue figures? How do you think Craig Billings will fare as the company’s new CEO? Let us know in the comments section below.

How are MGM Resorts’ Casinos in Macau Impacting the Company?

MGM China Casinos Background

MGM Resorts International is one of the largest and most successful casino companies in the world. Lately, analysts have been questioning how MGM Resorts’ casinos in Macau are affecting the company. Things have been far from ideal in this Chinese territory, to say the least.

China continues to implement intense safety measures here. The future of one of the world’s biggest gambling hubs remains uncertain. Today, we’ll discuss how things may change here in the future.

Let’s get into it!

MGM Resorts’ Casinos in Macau Continue to Struggle

Macau has been one of the world’s most profitable gambling destinations for decades. Lately, however, this territory has seen its casino industry struggling to stay afloat. Much of this is due to the intense new regulations being set in place from Mainland China.

MGM Resorts International is one company suffering from this increase in regulations. This major gaming operator owns two casino-resorts in Macau. Revenue from these properties has remained extremely low since that pandemic began in early 2020.

Officials within MGM Resorts don’t seem overly concerned. Bill Hornbuckle, CEO and president of MGM Resorts International, spoke with the media recently about China’s impact on the company’s operations in Macau.

“Until proven wrong, I’m not and we’re not overreacting to what is being hyped or said,” Hornbuckle said. “We are hoping rational minds control in the end because this is the Macau economy… [Local and national officials] recognize the value that it [casino industry] brings and ultimately the value that we’ve brought as operators to the greater community. I mean we do a lot in the community just beyond employment, which is a big piece of it, of course. So I, I think we’re all in good standing.”

It’s likely that MGM Resorts’ Casinos in Macau will continue to suffer. Fortunately, this company has been performing well with its operations throughout the United States.

Will MGM Resorts Expand Further in Las Vegas?

Macau remains the biggest casino hub in Asia. Over in the United States, Las Vegas still holds that title. It’s here that some of the biggest and most expensive casinos ever built are located. That includes the recently opened Resorts World Las Vegas, which cost an incredible $4.3 billion to construct.

MGM Resorts owns many popular gambling venues in Las Vegas. This company is showing a new motivation to expand in Sin City, too. News broke recently that this company is set to acquire The Cosmopolitan Resort for $1.6 billion.

Moving forward, MGM Resorts will take control over The Cosmopolitan’s operations. It will not own the real estate; instead choosing to pay $200 million in annual rent. That number will increase by 2% to 3% over the next 30 years.

There is no doubt that MGM Resorts is focused on expansion. Las Vegas has bounced back tremendously from the events that unfolded in 2020 and continues to break gaming revenue records. It seems that MGM Resorts is interested in breaking into the US online casino industry, as well.

It’s an interesting time for the entire US casino industry. Things are also ramping up for US sports betting operators with several new states set to launch their first sportsbooks soon.

States Continue Preparing for First Sportsbook Launches

Sports betting was limited to Nevada for most of the past few decades. Finally, in 2018, the US Supreme Court struck down PASPA. This opened the door for every state in the country to legalize and regulate this popular form of gambling.

The past couple of years has proven how large of a demand there is for sports betting throughout the US. More than half the nation now has regulated sports betting options available. Several more states are preparing to launch their first sportsbooks in the near future.

Florida is one of those states. Lawmakers here technically legalized this form of gambling earlier this year. Unfortunately, legal battles between several pari-mutuel companies have delayed the launch of any regulated sportsbooks here. Hope is that these sportsbooks go live in early 2022.

Louisiana is another state working hard to get its sports betting operations live. Several delays have come up in the process.

Those hoping to see Massachusetts legalize sports betting in 2021 might be out of luck. The State Senate recently announced it has no plans to approve a sports betting bill this year. Residents here are now looking head to 2022 for this to take place. Stay tuned for updates!

Are you surprised at how MGM Resorts’ casinos in Macau have been faring? Will casino companies soon decide to leave Macau entirely? Let us know in the comments section below.

US Casino Companies in Macau See Stock Prices Drop This Week

Macau Gambling Background With Down Stock Market

The small Chinese-run territory of Macau is one of the world’s biggest casino hubs. Unfortunately, this territory has been struggling to bring in gamblers due to the effects of the Covid-19 pandemic. New reports surfaced this week claiming that US casino companies in Macau have once again seen their share prices fall.

This has been a common occurrence for many casino operators lately. Many are beginning to show concern that Macau’s recovery could take years. Today, we’ll talk about what exactly led to this latest drop in stock prices.

Let’s get into it!

US Casino Companies in Macau See Share Prices Fall, Again

Macau was once the world’s most profitable gambling destination. Millions of visitors from Mainland China would flock to this territory on a monthly basis to gamble inside world-class casino resorts. In recent decades, some of the top US casino operators have opened mega-casinos here.

Things took a turn for the worst here back in early 2020. It was then that government officials began ordering the territory’s casinos to shut down. To make things worse, officials in Mainland China set intense travel restrictions to and from Macau. This has caused consistent revenue declines for many of the gaming operators here.

News broke this week that several US casino companies in Macau saw their share prices drop. This is mostly due to a recent spike in Covid-19 in Fujian, causing new health restrictions in the Macau area. Analysts expect to see tourism rates into this gambling hub plummet.

Las Vegas Sands saw its stock prices drop 12.3%. Wynn Resorts experienced a 12.4% price fall. MGM Resorts International also saw its share prices drop by 4.5%. It will be interesting to see how officials within these companies respond to the latest drop in their stock prices.

Things appear to be going far better for the casinos in the United States. Now is a great time to look at how much money the gambling venues across the US have been bringing in lately.

States Release Casino Revenue Reports for August

August tends to be a fantastic year for the casino industry. Some analysts were skeptical of how the industry would fare last August, though. Rates of Covid-19 have been steadily rising around the US and it was unclear if fewer people were choosing to visit casinos.

Several states have recently released their casino revenue reports for the month of August. That includes Michigan. Some of the most popular casinos in this state are located in Detroit. Overall, casino revenue from these venues came out to $113.8 million, representing a slight dip when compared to August of 2019.

Ohio’s casino industry fared much better. In fact, the casinos and racinos here managed to smash their all-time revenue record last August. These properties managed to bring in a staggering $194.3 million over the course of the entire month.

Analysts are eager to see how much the country’s top gaming destinations such as Las Vegas and Atlantic City fared last month. Both have been reporting impressive tourism figures. Hope is that another surge of gaming revenue has been flowing into these hubs.

Several US casino companies in Macau have seen their stock prices fall lately. It will be interesting to see if revenue increases in the US will help to boost these prices as the year goes on.

US Sports Betting Revenue Has Already Begun to Surge

There has been a tremendous amount of hype leading into this year’s NFL season. Many states around the country have been working hard to launch their first sportsbooks in time for the opening game. Several states were successful in doing so.

Reports have since surfaced showing that sports betting revenue has been surging lately. This is mostly due to the start of this football season. Tens of millions of bets have already been placed on the first week’s games through regulated sportsbooks.

This is great news for sports betting companies around the country. Many reported slight drops in revenue over the month of July. It seems likely that August will be a better month. September should prove to be the real moneymaker, though.

There are plenty of great online sportsbooks offering odds on this entire season. That includes BetOnline, one of the most trusted US gambling sites in the world. Feel free to check it out to see all of the betting options available here.

Are you surprised to see US casino companies experience revenue declines? Let us know in the comments section below!

Las Vegas Sands Reports Revenue Losses From Macau Operations

Macau Logo And Sands Background

Las Vegas Sands has long been considered one of the most powerful gaming companies in the world. Unfortunately, it has faced serious difficulties increasing revenue over the past 20 months. New Las Vegas Sands reports show the company once again lost money from its operations in Macau.

Macau continues to deal with shortages in tourism. Much of this has to do with travel restrictions to and from Mainland China. Today, we’ll discuss what Las Vegas Sands has planned to combat this issue.

Here’s what you need to know.

Las Vegas Sands Reports Low Earnings From Macau Casinos

The past two years have been interesting for Las Vegas Sands, to say the least. Throughout 2020, this company seemingly could not catch a break. The death of the company’s founder was just one of the many issues LVS faced.

The company’s executives surprised analysts by announcing the sale of several Las Vegas casino-resorts. This was done, the executives claimed, so that more focus could be spent on Macau. Some predicted this would end up being a smart financial move for Las Vegas Sands, as Covid-19 infections remained fairly low in this territory.

As time has gone on, however, it’s become clear this may have been a mistake. Macau has proven hugely dependent on tourism from Mainland China. Unfortunately, the Chinese government has continuously set intense travel restrictions to and from Macau.

New Las Vegas Sands reports show the company once again lost money from its operations in Macau. Travel restrictions led to large revenue declines over the months of July and August. It remains unclear how the company will fare in Macau throughout the rest of 2021.

Some feel that it is once again time for LVS to focus more on its US operations. What new markets could the company break into?

What Does Las Vegas Sands Have Planned for the Future?

Analysts continue to debate how Las Vegas Sands will perform over the next four months. Some experts feel the company’s share prices are too low, offering lucrative investment opportunities. Others think LVS could continue facing difficulties for years to come.

This company could certainly benefit from big moves in the US market. At the beginning of 2021, executives within the company began a major push to break into Texas. Of course, doing so would require lawmakers in Texas to legalize casinos.

Little progress seems to have been made on that front. Still, lawmakers in Texas seem to be softening their stance toward gambling and LVS could make a huge splash by becoming the first major casino company to open a resort here in the future.

Officials within LVS will continue to hope that the situation in Macau begins to improve. This territory is now the company’s primary market. Unless Mainland China begins to ease its travel restrictions, Las Vegas Sands will need to continue breaking bad news to its investors.

Things remain uncertain in the US casino market, too. Could casino companies soon face a new wave of restrictions?

Officials Debate Increasing Health Restrictions on Casinos

Major casino hubs such as Las Vegas were caught in an unprecedented situation last year. Never before have these cities been forced to shut down in the way they did in March of 2020. It took a devastating toll on the businesses and residents of these cities.

At one point this year, it appeared as if the pandemic was reaching its end. New variants seem to be casting doubt on that idea. In fact, various health officials around the United States are now weighing the pros and cons of additional restrictions on various businesses.

That includes the casino industry. Will mass casino shutdowns be ordered once again? It’s very unlikely. Instead, states could begin ordering their casinos to once abide by a variety of health safety measures that could lead to low visitation rates.

It’s a complicated issue and one that seems likely to continue for quite some time. Some gaming operators are finding success in the form of legal sports betting. We’ll be sure to report more on the state of the land-based casino industry as the year continues.

Are you surprised by the latest Las Vegas Sands reports? When do you expect gaming revenue in Macau to reach pre-pandemic levels? Let us know in the comments section below.

Experts Predict a Surge for One Major Casino Stock Price

Las Vegas Sands Stock Price

Casinos around the world continue to see fluctuating revenue figures. As a result, share prices for various casino companies have been fluctuating, too. One prominent analyst is now predicting a major surge for a casino stock price.

This could be a great opportunity for investors around the world. It is also exciting news for the company that could soon experience this stock price jump.

Here’s what you need to know!

US Casino Companies Report Revenue Increases

The US casino industry has been through the wringer over the past two years. Last year was devastating for all of the major casino operators around the country, including MGM Resorts, Wynn Resorts, and Las Vegas Sands. Incredibly, these companies have completely bounced back in 2021.

Most US casino companies have been reporting consistent revenue increases over the course of 2021. This trend doesn’t appear to be slowing down anytime, either. Many casino operators have been reporting solid numbers over the summer months.

MGM Resorts International has been benefiting from its operations in Las Vegas. This country’s primary gaming hub has set several monthly revenue records throughout the year. Overall, MGM Resorts’ revenue increased by 683% over 2021’s second quarter.

The US casino industry is faring extremely well right now. Not every country is experiencing the same level of gambling revenue surges, though. Over in Macau, casinos are still struggling to bring in tourists.

This doesn’t mean the situation in Macau will last forever. In fact, some analysts expect a surge in revenue here over the next few months.

Analyst Expects a Surge for One Casino Stock Price

Macau was once the most successful gambling hub on the planet. It’s here that several of the most successful casino-resorts ever built are located. Unfortunately, intense travel restrictions set by Mainland China have limited the amount of money that these properties have been able to generate.

There is reason to believe that Macau is braced for some solid tourism and revenue increases, though. China’s government has just announced it is set to remove its travel ban with Macau. This is very likely to result in a surge of visitors to Asia’s top gaming destination.

Quint Tatro, president of Joule Financial, spoke to MSNBC this week and claims one of Macau’s casino stock prices is set to surge. That is Las Vegas Sands’ share price. This company has focused much of its operations on Macau and it appears this will soon pay off.

“The easy play is Las Vegas Sands,” Tatro said. “It was March of just this year we were on here speaking about their abrupt shift and their sale of all their Las Vegas properties to basically double down and focus on their Asia exposure. At the time, I think it was a big question mark. It still has a difficult balance sheet, it’s not the greatest balance sheet, but they do have $2 billion now in unrestricted cash that they can put where they see the best opportunity.”

Las Vegas Sands has faced a huge number of issues over the past 20 months. It will be interesting to see how Macau’s rebound will affect the company moving forward. Stay tuned for updates!

Sports Betting Companies Expect Revenue Surge this Fall

The US sports gambling revenue has been surging since the US Supreme Court struck down PASPA back in May of 2018. This year has been the best ever for this industry. All major sports betting operators continue to report revenue surges.

This fall is expected to be the best in history for the US sports betting industry. The start of the 2021/2022 NFL season should help to fuel this revenue growth. Several new states are planning to launch their first sports betting platforms by the end of this season.

Ohio, Massachusetts, and North Carolina all seem very close to formally approving sports gambling legislation. Each of these states plans to allow both land-based and online sports betting.

Sports betting companies may also see their stock prices surge as a result of this revenue growth. It is an exciting time for this industry. Stay tuned for more sports betting revenue updates over the next few months.

Do you expect to see Las Vegas Sands’ casino stock price surge this month? When will Macau reach pre-pandemic revenue levels? Let us know in the comments section below!

Here’s What We Know About the Las Vegas Sands Property Sales

Venetian Las Vegas

Las Vegas Sands is one of the biggest and most profitable casino companies on the planet. It’s been struggling since March of 2020, however, and is now looking for new ways to generate revenue. Today, we’ll talk about the new Las Vegas Sands property sales being reported.

This company has been hinting at major casino sales for more than a year. Some are surprised to hear which venues LVS is parting ways with, though.

Here’s what you need to know about this situation.

Gaming Revenue in Las Vegas Took Another Dive in January

The world’s gambling industry has yet to recover from the events that unfolded in 2020. That is a tough pill to swallow for the many casino companies around the world. Nevada, home to the biggest gaming industry in the US, is still seeing fairly low revenue figures.

January saw another drop in gambling revenue here. Overall, the state brought in just $761.85 million in taxable revenue. That represents a massive 26.58% drop in revenue when compared to January of 2020.

Clark County, where Las Vegas was located, generated $617.3 million in revenue in January. The Las Vegas Strip brought in the vast majority of this money. $312.5 million was brought in from this area of Las Vegas.

Many believe things are beginning to improve in Nevada, though. Monthly revenues are increasing here. Tourism numbers are up and several major gambling properties here have recently chosen to begin operating 24 hours per day once again.

Las Vegas Sands has been discussing major Las Vegas property sales for months. It appears the company is now finally ready to move forward with these sales. New reports indicate this massive company is ready to give up some of its most profitable venues.

It’s a fascinating time for the city of Las Vegas. Now is the perfect time to talk about what exactly is happening with Las Vegas Sands.

The Las Vegas Sands Casino Sales Have Been Confirmed

There has been a lot of media attention placed on Las Vegas Sands over the past year. This company was one of the hardest-hit from the casino shutdowns back in March of 2020. As the months went on, officials within the company started discussing ways to make up for the low revenue figures.

To make things worse, the company’s founder Sheldon Adelson passed away earlier this year. He was responsible for growing this company to what it is today. His passing was felt throughout the world’s casino industry.

Months ago, rumors began circulating that LVS was looking to sell some of its biggest gaming venues in Las Vegas. Many doubted these claims. Properties such as The Venetian and The Palazzo have been some of the most popular in Las Vegas since they first opened.

It now appears these reports were true. Two major Las Vegas Sands property sales have just been confirmed. LVS has officially announced it has agreed to a $6.25 billion deal with Apollo Global Management and VICI Properties to sell The Venetian and the Sands Expo and Convention Center.

Las Vegas Sands is now putting its focus on Macau and Singapore. Chairman and CEO Robert Goldstein gave a statement on this situation to the media today.

“The Venetian changed the face of future casino development and cemented Sheldon Adelson’s legacy as one of the most influential people in the history of the gaming and hospitality industry,” Goldstein said. “This company is focused on growth, and we see meaningful opportunities on a variety of fronts. Asia remains the backbone of this company and our developments in Macau and Singapore are the center of our attention.”

The Las Vegas Sands property sales could end up being a fantastic move. No one knows when Las Vegas will begin seeing a true recovery. Macau, however, seems on the brink of a major tourism and gambling revenue surge.

More Casino Companies Are Focusing on Operations in Macau

Las Vegas is and probably always will be the biggest gambling hub in the United States. Macau holds that title in Asia. This country is home to a large number of world-class casino-resorts owned by many different US casino companies.

The casinos in Macau have been open for more than a year. Due to travel restrictions between Mainland China, however, these venues have seen very little revenue. It’s been a tough blow for the companies operating properties here.

Not long ago, Macau’s government lifted mandatory quarantine requirements to Mainland China. Many analysts believe this will lead to a massive surge in tourism. More Chinese nationals will be able to make the trip here now that quarantine is no longer required.

As a result of this news, many companies are focusing more on their operations in this city. Some analysts believe this city could grow to become a very valuable location for US casino companies in the near future.

Las Vegas Sands clearly sees the potential in Macau. This company is agreeing to part ways with one of its biggest and most successful casino-resorts in history. Hopefully, this decision pays off in the long-term.

Are you surprised to hear about these Las Vegas Sands property sales? Do you think we’ll see more casinos sold in Las Vegas this year? Let us know in the comments section below.

Casino Stock Prices Are Starting to Jump: Here’s Why

The world’s casino industry is slowly beginning to get back on track. As you might expect, investors are starting to take notice. This week, casino stock prices began to surge and many are wondering why.Paper On Stocks And Shares

There’s one key reason for this jump. Fortunately, there’s still time for investors to profit. Let’s take a look at what’s going on here.

How is the US Casino Industry Faring Right Now?

The months between March and June were likely the worst in the history of the US casino industry. It was the first time that all of the country’s casinos were forced to completely shut down. Obviously, casino companies around the country earned almost no revenue during this time.

As time went on, state officials realized something needed to change. Many parts of the country rely on their gambling industries to bring in tourists. That’s especially true in Nevada, the largest gambling destination in the world.

Governor Steve Sisolak gave Nevada’s casinos the green light to begin operating again on June 4th. Today, nearly all of the casinos on the Las Vegas Strip are now operating again. Tourism rates are still down here, though. This probably won’t change until the casinos are able to operate without major restrictions set in place.

New Jersey took a little longer to get back on track. Governor Murphy announced that casinos in Atlantic City would open back up over the Fourth of July weekend. Opening day was a success, yet it will be a long time before gaming revenue gets back to the level it was last year.

Casino companies have begun operating again, but things are far from ideal. Many of these companies are now looking at their overseas properties as primary money-makers. To the surprise of many, casino stock prices began to surge this week.

Here’s Why Casino Stock Prices Jumped This Week

Many investors were excited to see the US casino industry get back on track. Unfortunately, rates of Covid-19 have continued to climb in the United States and many casinos may be forced to close down again soon. Perhaps that’s why so many were surprised to see the share prices for many casino companies go up recently.

There’s a key reason why this is.

The Chinese government has just announced that it plans to loosen travel restrictions on visitors from Macau. Previously, China has made it very difficult for mainlanders to make the trip to Macau and come back. This is huge news for the territory of Macau which, like Las Vegas, relies almost entirely on tourism and gambling revenue.

As many already know, many of the top US casino companies have casinos in Macau. Restrictions are significantly looser in this city. Now that travel restrictions are loosening up, revenue here is likely to increase significantly.

Casino companies are profiting off this news. This week, Wynn Resorts, Las Vegas Sands, and MGM Resorts International all saw their share prices increase. It’s great news for all three of these companies, each of which has property in Macau.

If tourism rates begin to truly surge, we may see casino stock prices rise even more. Investors are certainly taking a good look at this situation. Stay tuned for updates over the next few months!

Eldorado-Caesars Merger is Nearly Complete!

As we’ve already mentioned, this has been an extremely tough past few months for casino companies in the US. While everything has been going on, Eldorado Resorts and Caesars Entertainment have been working to complete their merger. In case you’re unaware, Eldorado paid an astounding $17.3 to acquire Caesars in June of last year.

This is the largest merger ever made between two casino companies. Before it can be complete, though, both companies need approval from various groups. That includes state gambling commissions around the country. They also needed the green light from the FTC.

It appears this deal is finally about to wrap up. Eldorado and Caesars have received approval from many different gambling commissions already. Recently, the FTC approved the merger. These companies are now meeting with members of the last state gambling commissions to receive final approval.

The Indiana Gaming Commission is requiring that Ceasars sell three of its properties before the deal can be complete. Under normal circumstances, that wouldn’t be too difficult for the company. Some feel it could take time to find a buyer for these venues right now, though.

Casino stock prices are always going up and down. We’re likely to see this trend continue over the next few months. Hopefully, the US casino market improves and casino companies here are able to earn enough revenue to function normally.

Do you plan on investing in any US casino companies? Tell us which ones in the comments section below!

More Esports Betting Options Are Becoming Available

With all major sports leagues now shut down, more and more people around the country are beginning to look at different ways to place bets. To the disappointment of many, it may be months before any leagues begin operating again. This week, more Esports betting options officially became available in the state of Nevada.

Esports Tournament

Over the past couple of weeks, Esports betting has grown more and more popular. This is especially true in Nevada, where all casinos are currently shut down. Today, we’re going to look at some of the new “sports betting” options that have just become available here.

Let’s get into it!

Esports Are Growing More Popular Every Week

Back in early March, all of the top sports leagues in the country began discussing plans to close down. The new coronavirus had quickly begun spreading around the United States and several professional athletes had already tested positive. Many state leaders began supporting the decision for sports leagues to shut down their operations.

Eventually, the NBA announced it was suspending its season. The NHL followed shortly after. Then came the NCAA basketball tournament and before long, every single sports league was shut down.

It’s been frustrating for many people stuck at home, unable to watch their favorite sports. Right now should be a great time in the sporting world. For this reason, several smaller competitive events have started to grow more popular.

This includes Esports. For those who are unaware, Esports are multiplayer video game competitions. There are a huge number of Esports tournaments taking place around the world every single month. More people are now choosing to place bets on these tournaments.

Even some state gambling commissions are now getting on board with this form of gambling. This week, several officials in Nevada passed a measure to allow more Esports betting options. Here’s what we know about this situation.

Nevada Gaming Control Board Approves More Esports Betting Options

Nevada is in a tough place right now. For weeks, all of the state’s casinos have been shut down. This has proved devastating for cities like Las Vegas, which rely heavily on gambling revenue. According to some reports, Nevada is actually the worst-affected state in the country in terms of economic impact.

Leaders of this state are working hard to obtain revenue from the gambling industry. This includes approving new forms of sports gambling. This week, the Nevada Gaming Control Board began allowing wagers to be placed on three Esports betting tournaments that are taking place right now.

This state government body officially approved bets on the 2020 League of Legends European Masters tournament, the 2020 League of Legends European Championship and the 2020 North America League of Legends Championship Series. With these three new tournaments, Nevada has now recently approved seven Esports betting options over the past month.

It’s unclear how much sports betting revenue is coming in right now. Even the top sports commissioners in the country cannot say when major leagues will start operating again. In time, Nevada may start approving even more unique forms of sports betting.

It’s a very difficult time for the land-based gambling industry around the country. Nevada is one of many states currently suffering from the casino shutdown. Some experts now believe that Macau may be the key for many casino companies to get past this pandemic.

US Casino Companies Are Starting to Rely on Macau for Revenue

Las Vegas and Macau are two of the biggest and most profitable gambling destinations in the world. Unfortunately, both of these cities have been heavily impacted by the coronavirus over the past few months. Macau, however, seems to be recovering already.

As the coronavirus began spreading throughout China, officials in Macau were forced to close down their gambling venues. This caused many companies (including some based in Las Vegas) to start losing millions of dollars every single day. China’s rates are now lower than in most other parts of the country and Macau’s casinos are once again up and running.

That doesn’t mean things are back to normal here. In fact, revenue in the city is lower than it has ever been. Many of the top Las Vegas casino companies here still believe that revenue in the city will be extremely important. It’s almost guaranteed that this city will earn more than Las Vegas over the next few weeks.

Many analysts believe that Macau will be an extremely important city for Las Vegas casino companies, as well. If revenue begins to increase here, it will quickly become one of the most profitable gambling destinations on the planet.

No one knows how long the casino industry will remain shut down for. To earn more revenue, some casinos are offering more Esports betting options. Some believe that Esports betting will become an extremely profitable form of sports betting for many companies.

Stay tuned for more Las Vegas gambling news over the next few months!

Macau’s Revenue is Now Very Important for US Casino Companies

For weeks, all of the land-based casinos in the United States have been shut down. Obviously, this has been devastating for many of the country’s top casino operators. Many experts now believe that Macau’s revenue will be extremely important for US casino companies moving forward.

Hundred Dollar Bills

Several Las Vegas-based casino companies currently operate in Macau. Today, we’re going to look at how the Chinese territory is faring right now. We’ll also discuss when we may see US casinos begin operating again.

Let’s get into it!

The Largest US Casino Cities Are Shut Down Right Now

As most people know, several cities in the US are known for their gambling industries. In these parts of the country, some of the most incredible casino-resorts in the world are operating. Unfortunately, all of the country’s land-based gambling venues have completely shut down due to the spread of the new coronavirus.

Las Vegas is obviously the most-affected gambling market in the country. This city is home to some of the country’s biggest casino companies. For nearly a month, casinos here have been closed. Some reports claim this is costing these companies millions of dollars every single day.

It’s been devastating to Nevada’s economy. Governor Sisolak is unable to say when casinos and other non-essential businesses will be able to open back up. This may have long-lasting effects on the state.

Over on the East Coast, Atlantic City is struggling. Much like Las Vegas, this city relies heavily on its gambling industry. All of the casinos in this city are shut down and with the high rates of infections in New Jersey, it may be months before this changes.

Even smaller casino markets such as Oklahoma are suffering from this casino shutdown. Interestingly, several new casino plans are still being proposed here. This is one of the most unusual times in the country’s history and no one knows when things will return to normal.

More analysts are beginning to suggest that Macau will be an important city for some of the top US casino companies.

Macau’s Revenue May Save US Casino Operators

Macau is considered to be the Las Vegas of Asia. There are several billion-dollar casino-resorts operating here, some of which are run by companies based in the United States. A couple of months ago, Macau’s casino revenue completely stopped flowing in.

Not long after the coronavirus began spreading throughout China, cases emerged in Macau. As a result, city officials decided to close down all of the territory’s casinos. It took weeks before these gambling venues were able to open once again.

Now, the same is happening in the United States. For this reason, analysts feel that Macau’s revenue is more important for US casino companies than ever before. These companies have no other real revenue-generating options.

That doesn’t mean Macau will immediately start bringing in money for these companies. At the moment, casinos here are bringing in very little money. According to a recent report, this city experienced a 79.7% drop in casino revenue last month.

Most people are still choosing to avoid gambling inside casinos. Macau is doing everything it can to attract new players, yet it may be months before things begin to really improve. Fortunately, there’s a clear upwards trend in both tourism and gambling revenue here.

Many now want to know when casinos in the United States will open to the public once again.

Several States Are Now Looking to Reopen

At the moment, every state around the country has some form of restrictions set in place. Some have harsher regulations than others. Over the past few days, several states have begun to discuss lifting these restrictions.

This includes Florida. Recently, the Governor here announced that several industries would be able to start operating again. He even announced that the WWE was deemed an essential business and is now able to hold live shows here.

Unfortunately, Las Vegas is remaining closed down. Infection rates here are increasing here every single day. As long as this happens, it will be difficult for state officials to allow casinos to open back up to the public.

This is why Macau’s revenue is so important. It may be many months before casinos in the United States are able to open again. It will likely take even longer for these properties to start drawing in large numbers of players.

Things are beginning to improve in Macau. That should give hope to US casino companies that are struggling right now.

Stay tuned for more US casino news over the next few months!