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The Macau government has stated that by revising the law, it hopes to “strengthen the supervision” of the holders of those casino concessions. Simon Cheung, a Goldman Sachs analyst, said this week that a “promising extension” is possible for the licenses. This is due to the timeframe that is very tight between now and when the concession agreements expire. “The fear of the unknown, in this case, is the predominant story,” Deutsche Bank analyst Carlo Santarelli wrote in a note that was published on September. 15. He noted that investors have also been aware of other industries in China that have been affected by government intervention and a growing control. The Chinese government recently announced stricter limits on online gambling for young players.

This group has been extremely volatile over the last 18 months and has been hit with a hammer by travel disruptions, closures, and uneven traffic during the coronavirus pandemic. If you land that gorgeous TPTK on the board that is wet, put your money on it big. So is Lady Luck finally on the casino’s side? If you’re worried about the cost of depositing money, you should examine the details in the terms and conditions section Slot lions 88 of your preferred online casinos. “My personal opinion is that it will be fine as these are huge assets and they employ lots of people, and the Macau economy is extremely significant,” Spring Owl’sAder says.

“I believe it won’t be catastrophic, but it could be more,” Ader says. Quint Tatro, president of Joule Financial, says yes … “We know little about what’s going to take place,” says Jason Ader, the CEO of Spring Owl Asset Management and a director of Las Vegas Sands from 2009 until 2017, referring to Macau. According to FactSet, Las Vegas Sands trades at an enterprise value 12 times the expected earnings before depreciation, interest taxes, and amortization. This is in the same direction as its five-year average. This is likely a temporary solution until a long-term concession deal is agreed upon and could relieve the stocks.

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Tue Oct 19 , 2021
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