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According to a report from GGRAsia, the prominent Hong Kong-listed firm used an official filing to detail that its performance over the course of the three months to the end of September continued to be negatively impacted by the ongoing coronavirus-related restrictions that have been severely limiting travel between Macau and mainland China since mid-February.2% crash in operating revenues to just . We went from 10% of our normal visitor volumes up to almost 30%....
Reportedly read a statement from Reeg…“What I will tell you today is when we get into a post-coronavirus world the pent-up demand you’re going to see for gaming in general and Las Vegas in particular is going to be beyond your wildest dreams. Nevertheless, the executive purportedly sounded an optimistic note by proclaiming that mass-market table drop in Macau throughout October ‘was roughly 40% of our pre-coronavirus levels’ with turnover from junket operations sitting at ‘between 25% and 30%.9 million....
He purportedly furthermore pronounced that the firm had suspended its quarterly dividend programme in May ‘due to the financial impact of the coronavirus pandemic’ and was now keen to concentrateReeg’s statement reportedly read…“If you look at the Caesars Forum convention center, which was open for about a day-and-a-half before everything shut down from coronavirus, it has 172 events, 1. It wasn’t just over ‘Golden Week,’ it was throughout the monline casino kentuckyonth....
6 million room nights contracted worth over 0 million in rooms and banquet revenue and 78% of that business is new to Las Vegas.Operator optimism:The Las Vegas Review-Journal reported that the revelation from Reeg came as part of an update on the casino firm’s third-quarter financial results to designate the Rio All-Suite Hotel and Casino as the last of its nine venues in the Nevada city to be re-opening following the earlier lifting of the state-mandated closure order.6 million shortfall recorded for the three months to the end of June as associated casino revenues improved by over 363% quarter-on-quarter to hit ....
Again, this tally was purportedly still better than the 3. He purportedly furthermore pronounced that the firm had suspended its quarterly dividend programme in May ‘due to the financial impact of the coronavirus pandemic’ and was now keen to concentrate”...
