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Catskills Prove No Panacea For Casinos

Catkills Resorts World new york state gaming commission

For those people who believe that legalizing and regulating casino gambling is a cure for the financial ills of a particular state, or who are fully convinced that there is an automatic windfall to found in blackjack, dice games and slot machines, a study of the experiences they’re having in the Catskills is worth a long look.

The problems endured by Empire Resorts, which operates the Resort World Catskills Casino in Monticello, NY indicate that a different perspective is definitely needed.

The New York State Gaming Commission Wants To Reduce Slot Machines?

When you have a casino in New York, it’s supposed to be a license to print money, right? Well, for the last two quarters, Empire has filed a total of $73 million in losses. In what might even be considered an artificial maneuver, they have actually petitioned the New York State Gaming Commission to be able to reduce the number of slot machines that casinos are required to have on the floor, which would increase the “win per unit” and offer the impression – the illusion, if you will – that the casino is doing better.

So what has happened to cause all this trouble? Well, much of it can be attributed to the mad rush on the part of most states to gobble up their share of the gambling market – something that has gotten even bigger because of the Supreme Court decision that overturned a federal law and enabled sports betting.

What has been established is an atmosphere where, especially in the Northeast, casinos in one state are invariably close to those in another. And there is a certain cannibalization that takes place because of the saturation of the market. The bottom line is that it’s not so easy anymore.

It’s Not Just New York, It’s New Jersey & Pennsylvania?

On top of that, if states don’t act quickly, they run the risk of being at a disadvantage. That’s what happened in New York, where they were late to the table in legalizing casinos. And a bill to legalize sports betting through mobile devices has still not been passed, which means that neighboring states – like New Jersey and Pennsylvania – are benefiting from the action.

Disadvantages that Resorts World Catskills Have Against The Tribal Casinos?

There is also an embedded disadvantage that casinos like the Resorts World Catskills have against the tribal casinos in the state of New York – they are paying higher taxes on their games. So they have naturally been lobbying to get lower rates.

And depending on where one is in the state, customers could get siphoned off by any number of places. Of course, there are the two major tribal casinos in Connecticut – the Foxwoods Casino and Mohegan Sun Casino – not to mention a new Wynn casino in Boston and MGM’s casino in Springfield, MA. And the tribal interests of the Mohegans and Pequots are set to expand in Connecticut.

There is a campaign to induce lawmakers to approve mobile sports betting in the next session, so some of the New York casinos can start catching up. And there is talk of having at least one, and possibly three casinos in New York City or right outside of it.

And that is another subject of widespread discussion – location, location, location. The Catskills were once a very popular destination for tourists, particularly in the summer. And it was hoped that the casinos could help revive the area. That has not been the case.

Industry analysts point out that casinos that hope to be successful in the future have to be built in close proximity to a major population center, simply because they would be so accessible to potential customers who could commute, and where being a “resort destination” wasn’t so critical.

So now Empire Resorts is seeking a solution that is “the best alternative available to Empire’s stockholders,” partnering with Genting Malaysia to buy the shareholders out, effectively making themselves a private company. But that doesn’t the “geography” of things, which has now served to work against them.

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Casinos In Chicago May Damage Indiana But Suffer From Saturation

casino in chicago

Could a casino in Chicago succeed? And if so, to what extent? That is what has been explored in a feasibility study in advance of plans actually going into effect.

Union Gaming Analytics came back with mixed results. Their conclusion was that any casino that existed within the Windy City was going to be inundated with taxes, to the extent that it could not be wildly profitable.

Can A Casino In Chicago Succeed?

At the same time, however, there was practically no way to avoid becoming the dominant facility in the market.

Over the long haul, that is going to affect the Indiana casinos that are located in Northwest, which borders Chicago. These are cities such as Hammond, Gary, Michigan City, and East Chicago, all of which currently draw from the Chicago area. It was projected that about $260 million in gross revenues would, in effect, be transferred from those Indiana areas to Chicago.

And it doesn’t necessarily stop there. Illinois Senate Bill 690 is also going to authorize both a casino and a “racino” (a horse track with slot games) in the south suburbs of Chicago, in addition to slots at other tracks like Arlington and Hawthorne.

Concerns About Saturation

So one can imagine the concern on the part of the Indiana operators. But there is a “saturation” factor as well, in that all of the gaming options that would be found in Chicago and its surrounding areas would perhaps make all of them weaker, since they would all be competing for the same customers and the same dollars.

And the placement of the casino in the city itself is going to be very important. The feasibility study points out that all of the sites that have been suggested by Chicago mayor Lori Lightfoot would not optimize the effectiveness of the casino, simply because they are not convenient for enough gamblers to get to.

There are other factors that have to be taken into consideration. One of them is that customers who visit a casino in the city of Chicago itself would probably want to have some access to downtown. There are is also the very real concern of the casino being in an area that is unsafe. And let’s face it; Chicago’s violent crime rate is alarming to many people.

A Chicago Casino Can Realize Appreciable Revenue?

The study offers the opinion that a Chicago casino could realize appreciable revenues if it is located in an area where, in their words, “that is less penetrated with existing and future casino venues than the areas to the south of Chicago.”

Mayor Lightfoot has shown interest in fielding public input as to the best sites to place a casino in the city. Her office issued an eleven-question survey toward that end, which is designed to be answered by Chicago residents but does not have any built-in safeguards to prevent, say, residents from Northwest Indiana from giving a Chicago zip code and offering feedback.

Still, the mayor wants such a process to be transparent to, as she put it, assure the public that “all voices can be heard as the city moves forward on this historic project.”

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Casino Gambling In Kentucky Heats Up Race

casino gambling in kentucky

Casino gambling is an issue that has become central to the gubernatorial campaign in the state of Kentucky. The Commonwealth, which is closely associated with thoroughbred racing and institutions such as Churchill Downs and the Kentucky Derby, knows that neighboring states have been experiencing some success as they venture into casinos in Kentucky and sports betting.

Casino Gambling In Kentucky Becomes A Hot Topic

And the two candidates for the governor’s office could not be more opposed to each other when it comes to how to address this emerging issue. And it has led to some outrageous statements, which might lead a casual observer to the conclusion that the strategy of “scare tactics” is very much in effect.

The incumbent, Governor Matt Bevin, isn’t merely opposed to legalizing casino gambling in Kentucky, he takes the position that it is a severe social and moral ill, and dangerous aside from that.

During a radio interview, Bevin said, “Every night somewhere in America somebody takes their life in a casino because they’ve wasted the last semblance of dignity and hope that they had.” Wherever he found his basis for that comment, well, he never indicated it.

American Gaming Association Says “patently false and irresponsible”?

And of course, it came with resistance from the gaming community. Bill Miller, who serves as the president of the American Gaming Association, labeled the comments as “patently false and irresponsible.”

Andy Beshear is Bevin’s opponent, and he is a staunch advocate for expanded gambling in the state. His proposal involves dedicates the taxes on gambling to fund the state’s pension system, which has been experiencing some difficulties.

Bevin’s answer is to have more people in Kentucky paying taxes.

Beshear’s father, Steve Beshear, who was a two-term governor, also favored casinos, and went so far as to try to eliminate competition from online casinos by seizing a number of domain names in 2009. Full Tilt Poker, Ultimate Bet, Cake Poker, and PokerStars were some of the sites he took action against.

In Kentucky, it’s fair to say that there are a lot of interests that are immersed in the gambling culture. Take the racetrack industry, for example. Churchill Downs Incorporated is well-positioned for gambling, if an when it is approved. They already full gaming locations in other states. And last year they opened up Derby City Gaming, a $65 million, 85,000-square foot facility that has over a thousand “historical racing machines,” which are based on past results of races. And they are partnering with Keeneland, another race track, to build a $125 million gaming house that will include a hotel.

Also, the Seminole Hard Rock group has recently completed a purchase of Turfway Park (pending approval), and they intend to be very aggressive in their pursuit of both casino gambling and sports betting.

Those proponents of gambling contend that it would bring in anywhere between $250 million and $1 billion in the first year of operations. And Beshear’s proposal would also include online sports betting.

Like other states that have contemplated similar legislation, Kentucky is feeling the squeeze from the states around it. Whether it’s Ohio, Illinois, and Indiana , there are states with casinos doing healthy business right across the river.

In terms of the rhetoric, this is going to get very ugly. Sam Newton, who is a campaign spokesperson for Beshear, lashed out at Bevin after the radio interview in question.

“Matt Bevin’s erratic claims today do nothing to solve any problems and are further proof he’s unfit to lead.”

Yggdrasil Enhances Their Table Games Gameplay Experience With A BOOST

user experience Yggdrasil table games

For just about every gaming software development company in business today, innovation is a driving force. This can take on many forms, from the games themselves to gamification tools. The latter is specific add-ons to help promote gameplay. As one of the top gaming development companies, Yggdrasil was recently in the news for its latest gamification tools. Known in the industry as BOOST, this tool can be used for existing games as well as for future offerings. This was highlighted on the company website, which you can find on the bottom of this article.

The main gist is allowing operators to create highly attractive game campaigns with instant player rewards. The company’s operating partners can instantaneously bring new marketing campaigns to life. There are Prize Drops that trigger instant cash prizes. They can be random and unpredictable. Operators can offer a Mystery Prize Drop. This enables players to score rewards by uncovering hidden treasures.

These new tools are available across Yggdrasil’s blackjack suite of games. This includes:

  1. Sonya
  2. Lucky
  3. Dr. Fortuno

Taking things to a whole new level, BOOST will be part of a new portfolio of roulette gaming products. Planned for release in late 2019 and early 2020, this enhancement to these table game products is highly anticipated. The suite of games with include the VIP-themed Golden Chip Roulette.

The goal is to enhance the overall user experience across all devices. This should help to keep players engaged in the gameplay experience. In turn, this should increase both acquisition rates and retention rates for operators.

Some of the added features include:

  1. New Missions
  2. Faster Spins
  3. Amplified Near Miss Experiences
  4. User Friendly Mobile Functionality

The user friendly aspect offers ‘pinch to zoom’ capabilities. Increased betting options take odds to 10x to 500x as opposed to the standard 36x for regular roulette. These BOOST marketing tools are designed to complement Yggdrasil’s range of new table games with higher volatility. This should give players more chances to win in every round. It should also raise the bar for producing the best user experience.Also, read more about this software provider over here.

Fredrik Elmqvist is Yggdrasil’s CEO. He was quoted as saying:

“BOOST has proven a huge success for our customers since we pioneered gamification tools several years ago. We’ll soon be debuting new and improved BOOST features in our expanded table games offerings.”

Touching on the added features, he also stated:

“Our new roulette will launch with Prize Drops and Missions. Allowing operators to further increase player session times and engagement. User experience is significantly enhanced in just a few clicks. It couldn’t be simpler, and the results, both for operators and their players, are amazing.”

Furthermore, his is just a natural progression for a gaming company that dials into the needs of its operating partners. Yggdrasil is also highly committed to the gameplay experience for players in any regulated market where its games are present.

The company was founded in 2013. In six short years, it is now seen as one of the gaming industry’s most respected and acclaimed suppliers.

• Source: Yggdrasil brings BOOST Prize Drop tools to table games From Yggdrasilgaming.com On July 25, 2019.

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Juicy Stakes Teams Up With Intertops For Some Online Casino & Poker Betting Bonuses

juicy stakes intertops online casino poker room bonuses

Sometimes big-named online casinos and poker rooms team up together to launch bonus promotions, giveaways, and rewards. As we embark on the 2019-2020 NFL betting season and get ready for NCAA college football, we are seeing top US-friendly Sportsbooks team up with other real money gambling sites.

What Kind Of Online Casino & Poker Betting Bonuses Are Juicy Stakes & Intertops Offering?

You may be wondering the types of bonus promotions Intertops Sportsbook and Juicy Stakes are offering. First of all, if you are planning on betting sports online, you may want to start accounts with both Juicy Stakes and Intertops. With Intertops, you have access to their US Sportsbook and Racebook. However, Juicy Stakes is just an online casino with tons of games plus a poker room. Starting today, both of these gambling sites are offering a combination of casino and poker bonuses until Sunday.

Make An Online Casino Deposit And Get Poker Bonuses With Free Spins For Slots

 
On August 14, 2019, Intertops Poker and Juicy Stakes Casino make this announcement through a press release. You may have already saw the press release, if you saw the news article ‘Free Spins and Poker Bonus with Deposits, this Weekend at Intertops Poker and Juicy Stakes Casino’, you already know about it. However, don’t worry because you can take advantage of these rewards by signing up for both online casinos and poker rooms through our links, videos, and banners.

Until Sunday, both Intertops Sportsbook and Juicy Stakes Casino are offering new and existing customers up to 50 free spins on 4 Seasons and Dragon Kings and slot machines from Betsoft. In addition to these free chips on the two Asian themed pokies, you will receive an online poker bonus. Moreover, you can use this bonus for any of the rooms on Juicy Stakes or Intertops, plus you can register and enter real money tournaments.

Poker Players Don’t Realize There Are Online Casino Games & Vice Versa

In a recent poll, we found that most people that play online casino games like slot machines or poker at Juicy Stakes and Intertops, don’t know much about the options they have. For instance, some folks that like to play the slot machines never have taken a look at the poker room and vice versa. As a result, these two mega US-friendly casinos decided to offer hybrid rewards that offer customers double the value.

You can use each of the codes once. Remember, you have to cash in your free chips before August 24, 2019. Also, these rewards hold a 30X wagering requirement. After you make a $25 deposit, enter the bonus code EAST01. As a result, you will receive 30 free spins on the 4 Season slot machines plus fifty bucks in free chips for the poker room. If you make a $50 deposit or higher, use the code KING01. In return, you will get 50 free spins on Dragon Kings plus fifty dollars in free chips to play poker.

Game of Gladiators Now Available From Play’n GO

game of gladiators playngo

Real money video slots cover a wide array of themes. The top gaming software development companies are always looking for a way to expand these themes. Some are proprietary by nature as they relate to movies and topics in pop culture. Other themes tie to historical properties from the past. The one thing most new video slots have in common is innovative features that enhance their entertainment value.

Play’n GO is an excellent example of a gaming software developer that is driven by innovation and entertainment value. Indeed, the latest game release does raise the bar in both of these areas. Game of Gladiators is a five-reel slot that sets the stage for battles to gain vast riches and never-ending glory.

Can I Win Real Money Playing Game Of Gladiators Slots?

Backed by several exciting features designed to enhance gameplay, Play’n GO was on point with this latest offering. At the top of the feature’s list is the game’s ‘Enter the Arena’ bonus offering. Enter the Arena allows players to choose either a male or female champion. The male champion is Spartacus, and the female champion is Amazonia. Either character will battle the other gladiators on the reels. Furthermore, this can trigger free spins until that battle is won or lost.

There are Primus features during standard gameplay. The game also offers a wealth of exciting features backed by a strong narrative. This is starting to become a standard brand trait with all of Play’n GO’s recent game releases.

Game of Gladiators is the 13th game release of 2019 by Play’n GO. This hefty lineup is highlighted by the tremendous success of:

  1. Phoenix Reborn
  2. Contact
  3. Sabaton

These were three of the company’s biggest hits so far. However, many of the other releases this year have garnered rave reviews from operators and players alike. Do not expect any slow down in the pace that has been set over the past five months. Company CEO Johan Tornqvist added the following statement:

“Game of Gladiators adds an exciting new option to the market. And we look forward to having players of the game enjoy battling it out in the Enter the Arena feature. We’ve released many games for 2019 and there’s plenty more to come from us. But that doesn’t mean a sacrifice on quality. Each game is unique and carefully crafted to give players the most entertainment possible. If you look at what we have done so far, you will find a wide variety in choice and concepts. But all that with Play’n GO energy.”

Taking A Closer Look At Things From Different Angles

In other company news, Play’n GO is making a concerted effort to take a closer look at things from different angles. The goal is to see the potential of mobile gaming ahead of the competition. Another insight as pioneers are features such as cascading grid slots and horizontal reels that keep pushing the envelope in gameplay.

The company must be doing something right with three awards at Malta’s iGaming Excellence Awards. Two of those awards were for Best Employer Brand of the Year and Best Casino Supplier of the Year.

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World Famous DJ Kaskade Weighs-In on The Palm’s KAOS

World Famous DJ Kaskade Weighs-In on The Palm’s KAOS

Las Vegas may be known best as the casino gambling capital of the world. However, captivating entertainment options and a night life that lingers into daylight is another popular draw. The Palms Casino Resort in the Las Vegas Strip has been in the news lately in the midst of a billion-dollar renovation. A big part of the plan is KAOS as one of the hottest night spots in town.

Indeed, the world famous DJ Kaskade relayed his thoughts on the popular night and day club. Like most of the initial impressions for first-time visitors, he was amazed at the overall size of KAOS even after seeing the building plans ahead of time. His overall impression was quoted as follows:

“I think everyone is blown away. There’s nothing of this magnitude in Vegas or even in our country that I’m aware of. You hear these stories of megaclubs, but I don’t think there’s anything as mega as KAOS.”

When Will DJ Kaskade Perform At The Palm’s KAOS?

The world famous DJ has already made a name for himself in Las Vegas. He has been referred to as a “Vegas club institution” after playing every major entertainment venue that has ever existed on the Strip as well as in the downtown area of the city. The Palms did not hesitate to sign him as one of the first resident artists for KAOS.

Speaking to his relationship with the Palms, the 48-year old DJ and producer added:

“Working with the team at the Palms was the big draw for me, bringing in new, fresh and innovative ideas. These guys are part of the reason clubs are so big in Las Vegas. And they’re really pushing themselves to try new and interesting things in this space. And redefine what a megaclub is and what a live music venue can be in Las Vegas.”

One of his most notably productions is the Sun Soaked Festival as one of the events co-creators. Programming in various genres and different styles of performers at Kaos was another big draw for Kaskade.

Through a phone interview from Bali, he noted that he will be planning even more unique shows at his new home in Las Vegas moving forward. Ahead of performing at KAOS the weekend of May 10-12, he was enjoying a bit of downtime after playing the Marquee in Singapore.

Las Vegas Nightclub Attractions

Going back 10 years, Kaskade was instrumental in creating a new Vegas nightclub attraction at Encore. This led to his initial residency at the Encore Beach Club. This marked the start of his famous run as a premium entertainer at the new “global clubbing capital” featuring the hottest night spots in the world.

Kaskade is set to become a fixture at KAOS this summer along with an impressive lineup of A-List entertainers. He will also focus his energy of the third installment of Sun Soaked. This event takes place in Long Beach, California and it has doubled in size from one year to the next. Last year’s crowd reached an estimated 30,000 people and it is planned this year for July 13 and 14.

Yggdrasil Gaming Releases Jackpot Raiders

YGaming jackpot raiders

There are several igaming development companies shaping the future of online gaming. Innovation and exciting gameplay are two aspects that all these gaming companies have in common. Yggdrasil Gaming continues to perform at a cut above the rest with a few of its recent releases. A new game release recently featured on the company website www.yggdrasilgaming.com highlight’s Jackpot Raiders. The central characters in this game will stop at nothing in their quest to locate the treasures of the Sunken City. Players are taken for the ride of their lives to this legendary location. Also, see how Yggdrasil Enhances the Gameplay Experience With BOOST.

The Jackpot Raiders Slot Machine From Yggdrasil Gaming Offers Big Wins

This action-packed journey crosses exotic terrains in search of multi jackpots. Inspired by Ozwin’s Jackpots, this game takes things a few steps further. Marketed as a ‘new and improved’ version of that original classic, Jackpot Raiders offers larger rewards and more ways to win.

There is a highly innovative Bonus Game feature with an interactive pick-and-click option. Given the choice of following Sir Bear Buckingham or Sam Campbell, every excursion creates a brand new adventure.

Sir Bear Buckingham is seeking out a higher rate of success garnering lower reward amounts. Sam Campbell might have a lower level of success, but his primary goal is collecting the biggest rewards. Players get the chance to choose which route they would like to follow.

A few of the top gameplay features include

  1. The Compass which can trigger free spins
  2. The Scatter Symbol for multiple rewards
  3. Pick & Click Chest Games unlocking various treasures

You can also add a special Map Collection to the list along with Jackpot Free Spins and Sunken City Free Spins. There is also a Treasure Hunt Bonus Game in play.

A few of the specifics for Jackpot Treasures as Yggdrasil’s latest 20-line video slot start with a maximum jackpot of 164,000. The return on play is set at 96.3 percent and it is available on all gaming platforms and all supported browsers. The game resolution is 16:9 and it is available in 26 different languages. It has a volatility rating of 27 which excludes jackpots and random player decisions in the Bonus Game.

The company also announced that its revamped iSENCE 2.0+ platform will be launched in the coming weeks. This is new and improved version of its HTML client framework. It will offer a host of upgrades designed to enhance the gameplay experience. It is scheduled to go fully online sometime this summer. However, certain enhancements will be available in the company’s newer titles such as Jackpot Treasures.

These upgrades include a new, minimalistic UI for desktop, laptop and mobile applications. The upgraded framework is designed to facilitate in-game deposits. This will allow players to move to the deposit screen with a single click. This can be done without leaving the game client.

Future releases, including the next game Power Plant, will also support Retina Display screens. Also Force Touch will further enhance Yggdrasil’s already renowned visuals to look even crisper on high definition screens. Plans are also in the works for new splash screens later this year.

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The UPayCard Wallet Discusses The Benefits Of Using Cryptocurrencies

The UPayCard Wallet Discusses The Benefits Of Using Cryptocurrencies

Bitcoin and other cryptocurrencies have made many people wealthy over the past decade. Whether you use them for online gambling or invest in them, you probably received a huge return on your money if you got in at the right time. For over a year BTC and other altcoins were in a bear market, which means they were trending downwards. However, over the past few months, Bitcoins rallied above the $10,000 mark. In a recent newsletter, The UPayCard crypto wallet discusses the benefits of using Bitcoins, Bitcoin Cash, Ripple, Ethereum and Litecoin.

Benefits Of Using Cryptocurrency WithThe UPayCard Crypto Wallet?

While you may use Binance or Coinbase.com to do your online casino banking, UPAY makes a compelling case why you should use their services. First of all, they have more cryptocurrencies than Coinbase now. Currently, they support Bitcoins, Bitcoin Cash, Ripple, Ethereum, and Litecoin. Additionally, you can use your UPAY wallet as a Visa debit card or any credit card for that matter.

Send, Receive, Buy And Sell Crypto At Competitive Market Rates

While Coinbase and Binance offer some outstanding services, a lot of people don’t like to do their online casino banking with them. With The UPAY Card, you have the benefit of removing the payment inconveniences of using a regular debit or credit card. Ultimately, this leads to easier and shorter transaction times. In the UPAYCard newsletter, they go onto to say they offer optimum security.

At EasyMobileCasino.com, we have heard horror stories about people having their cryptocurrency accounts hacked and compromised. Based on UPay’s claims, they offer require a unique authorization code from all parties involved in the transaction. Is this any different than 2 step authorization? Well, we are not 100% sure yet. However, once we test it out, we will give you our opinion.

The last point the newsletter makes is that using their cryptocurrency wallet allows you to free up some time. Basically, you can simplify the online casino banking and payment process.

Source: The Official UPAYCard Newsletter

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The Cards Could Be Stacked Against the Las Vegas Sands

casinos in las vegas sands

The Las Vegas Sands is the largest casino entertainment corporation in the world. While it is based in the casino gambling capital of the world, its business interests span the globe. The company has been under the spotlight lately with poor financial results in certain sectors. According to a recent report by The Motley Fool, this could be just the tip of the iceberg. Highlights of that report were posted on Yahoo Finance the other day.

Over the past three months, Las Vegas Sands’ stock price as lost close to 20 percent of its value. The main concern among investors is slowing growth in Asia. Other factors are escalating trade wars, loss of value in the yuan and civil unrest in Hong Kong.

Does The Las Vegas Sands Corporation Need Help?

Investors are still drawn in with a low price verse earnings (P/E) of 16. There is also an attractive six percent yield on the company’s dividend. However, further financial analysis still raises cause for concern.

The report cites slowed growth in the company’s Macau casino properties. Las Vegas Sands derives 61 percent of its adjusted EBITDA from its five properties and ferry operations in that region.

After enjoying eight months of double-digit growth in 2018, the casino giant is dealing with stalled growth this year. Over the last seven months, four have resulted in negative revenue against the same time frame last year. The best month was June with a 5.9 percent increase. This was followed by a 3.5 percent decline in July. The source for these figures comes from Macao Gaming Inspection and Coordination Bureau.

The general economic slowdown in China is a driving force along with increased trade war concerns. You can add in lower spending from casino VIP’s, reduced junkets and travel disruptions.

This region has been the company’s primary growth engine the past several years. It can ramp up its competitive efforts to increase the overall share of a stagnate market. However, those actions always come at a price that could impact bottom-line profit.

It just so happens that company CEO Sheldon Adelson is one of Donald Trump’s biggest political donors. This could also factor into the escalating trade war with China. The government could use Sands’ Macau properties as leverage against Trump in a retaliatory measure.

The good news is that Las Vegas is heating up again after its own financial woes. Sands’ EBITDA in its own backyard soared to $136 million in the last quarter. The downside is that its Las Vegas business only accounts for 12 percent of its adjusted property EBITDA. These gains are still not enough to offset losses in other regions such as Macau and Singapore.

Revenue From It’s Casinos In Las Vegas

Conversely, MGM Resorts derives most of its company revenue from its casinos in Las Vegas. This has resulted in a 10 percent gain in the stock price over the past three months.

The current unrest in Asian markets is likely to keep the downward pressure on Sands’ stock price in the short term. Moreover, this makes the company a bad bet for anyone looking cash in on the casino gambling industry.