The entertainment industry is often overlooked, seeing more customers for leisure than investors for capital gains. We have identified those Canadian casino and gaming stocks that analysts predict will have year-over-year growth in revenues, as these companies grow and expand their user base.
To further compare their profiles, we have provided enterprise value to sales metrics. Gamehost Inc. The Gaming segment includes approximately three casinos offering slot, video lottery terminal VLT , lottery and table games. The Hotel segment includes over two hotels catering to mid-range clients. The Food and Beverage segment has operations that are located within the casinos. Great Canadian Gaming Corp. The Company has approximately 20 gaming properties, consisting of over three community gaming centers, four racetracks and 10 casinos, including over two with a Four Diamond resort hotel.
Intertain Group Ltd. Gaming Group Ltd. But when they reopened, even with social distancing, tight controls were still placed on people traveling into and out of the only place in China where it's legal to gamble, and those restrictions remain today. It's doubtful September's numbers will be any better when the Macao Gaming Inspection and Coordination Bureau updates the figures in two weeks, but October could be the turning point.
Begun in to bolster domestic tourism, it's when nearly all companies, government agencies, and schools shut down to allow people to travel. There are actually two such holidays, one in late winter that coincides with the Lunar New Year, and then the one in the fall for China's National Day, which commemorates the founding of the People's Republic of China.
Last year, some million tourists stayed within China during the seven-day holiday, a 7. While that growth rate was the lowest in a decade for China, it still marks a massive migration of people, and that bodes well for casino operators. Occupancy rates for Macao's hotels are starting to rise.
According to a survey by Morgan Stanley , five of the 23 hotels it tracks are fully booked for Golden Week:. While that's far below the 19 hotels that were booked solid a year ago, the tourist-visa restrictions Beijing is easing into to improve travel won't go into effect until Sept. In fact, almost all of the gambling companies are still well below where they traded at the end of Macao is down, but not out, and only now is China acting to ease the pressure the region has been under so the gambling companies can grow once again.
The Golden Week holiday won't be a magic wand that makes all the bad go away, but it ought to mark the start of the real recovery. October could be when the race begins, and investors may want to get in before the casinos have left the gate. Investing Best Accounts.
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