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wynn casino covid outbreak

wynn casino covid outbreak - win

$MARK Update/Refresher

Most people here are pumping to sell on a dip and that's fine. MARK has been no exception, the hype was built and people (myself included) made money selling high when people bought in. Here's why I'm buying back in;
MARK is a long-hold stock that has real value. Predictions, regardless of your source, all have this constantly gaining ground over the next year. They have real, demonstrable partnerships with major companies and organizations across the globe that will only grow in use as public spaces open back up.
Vegas isn't just about the casino use from the Wynn deal leaked, the LV Police Department is also using their tech:
https://www.casino.org/news/remark-holdings-emerges-from-obscurity-on-wynn-deal-rumors/
https://i.imgur.com/rRczXFc.png
As well as departments and shopping centers on the other side of the country:
https://greenvillejournal.com/news/haywood-mall-reopens-but-with-added-security/
https://i.imgur.com/wq8WsFE.png
They have also shipped, and are expanding, their roll in Asia for government, religious, and industry locations -
"today announced that it began shipping and deploying products from its family of AI thermal solutions, including Thermal Kits, Thermal Pads, and Thermal Helmets, in the United States and Japan.
"We are proud that customers such as casinos, entertainment venues, government agencies, hospitality organizations, industrial operations, law enforcement, and retail establishments have placed their trust in our AI-based thermal products to function as part of the solution for reopening the U.S. economy," stated Kai-Shing Tao, CEO of Remark Holdings. "Our solutions provide touch-free access control and monitoring, as well as accurate temperature measurement and the ability to scan as many as 120 people per minute, a rate that is approximately 10 times faster than manual checks.
Our solutions also filter out non-human heat sources and provide security personnel with real-time alerts with photo identification."
http://ir.remarkholdings.com/node/11671/pdf
Revenue streams are only going to increase as the use of this kind of tech is normalized worldwide:
"The bottom line here is simple. Remark Holdings has created technology that, given the COVID-19 outbreak, is likely to be met with incredibly high demand. As such, revenue growth is likely in the very near future for the company." https://alphastocknews.com/remark-holdings-mark-stock-could-fly-today-as-shorts-are-shunned/3360/
Their access to capital is deep, and they are not all-in on one brand. Multiple apps and website ventures tied with big money investors will keep them primed to constantly grow:
https://i.imgur.com/Mm33B64.png
https://www.crunchbase.com/organization/remark-media#section-mobile-app-metrics-by-apptopia
Basically this is a quality stock to hold, but you should be able to play the constant growth and make money in the dips if you pay attention to the timing of their announcements. Either way, unless you sell in the red, this is as close to sure gains as you can find - especially given COVID19 markets.
For those interested their next earnings call is May 28, 2020 at 4:30 p.m.
The live conference may be accessed via telephone or online webcast.
Date: Thursday, May 28, 2020 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-Free Number: 866.548.4713 International Number: 323.794.2093 Conference ID: 4347844
Online Webcast: http://public.viavid.com/index.php?id=139870
TLDR: Don't panic, this is real value
submitted by Facerless to pennystocks [link] [comments]

Macao says 29 of 41 casinos will reopen today, 12 to stay shut. ~1,800 gaming tables to be back in operation.

Macau’s gaming industry will reopen its doors tonight after its 15-day shutdown by the government as part of the authorities’ fight against the novel coronavirus (COVID-19).
According to an announcement by the Novel Coronavirus Response and Coordination Centre during its daily press conference about the viral threat, 29 of the city’s 41 casinos will reopen at midnight (00:00 on Thursday).
Officials said the remaining 12 casinos had asked the government to reopen later. The government earlier this week gave Macau’s six casino operators (Sands, Galaxy, SJM, Wynn, MGM and Melco) 30 days to get back into business.
According to the press conference, the 12 casinos that will remain closed until further notice comprise Sands Cotai Central; Melco’s Altira; Galaxy’s Waldo, Rio and President; and SJM’s Oceanus, Eastern, Macau Jockey Club (a casino adjacent to the Macau Jockey Club racecourse in Taipa), Golden Dragon and Casino Taipa, as well as Macau Palace and Greek Mythology (both have not been operating for a number of years).
MGM and Wynn each own two casinos. The four casinos will open tonight.
The casinos were temporarily closed by government order on February 5.
The relaunch will be gradual, as initially less than one-third of the casino employees will return to work.
Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan pointed out during the press conference that initially only about one-third of the six operators’ gaming tables will be operational, about 1,800 in total.
The government has imposed a string of restrictions on casino operations, such as that only three to four gamblers will be allowed to gamble at the same time on a gaming table, and gamblers must remain seated.
All casino workers and gamblers must wear facemasks, have their body temperature checked and submit a self-filled health e-declaration when entering gaming premises.
In the past, several dozen gamblers often crowded around a particularly “lucky” gaming table and many preferred not to be seated while placing their bets.
Among the 12 casinos not opening tonight are two SJM-owned casinos – Macau Palace and Greek Mythology – that have not been operating for a few years.
At the end of last year, the gaming industry comprised 6,739 gaming tables and 17,009 slot machines. It employed 57,840 people, around 44 percent of them dealers (croupiers), according to data from the Statistics and Census Bureau (DSEC).
In 2019, Macau’s gaming and betting businesses generated gross gaming receipts of MOP 293 billion (US$36.6 billion), according to DICJ figures. Direct gaming taxes – 35 percent of the casinos’ gross gaming receipts – generated 86 percent of the government’s income in the first 11 months of last year, according to data from the Financial Services Bureau (DSF).
The Macau Jockey Club has been allowed to resume racing.
Meanwhile, the government also announced during today’s press conference that Macau’s public parks and gardens will reopen tomorrow after a 15-day shutdown.
Secretary for Social Affairs and Culture Elsie Ao Ieong U pointed out that Macau has not confirmed a new COVID-19 case since February 4.
The 10 novel coronavirus cases confirmed locally comprise seven tourists from Wuhan, the epicentre of the COVID-19 outbreak, and three local residents.
The sixth novel coronavirus patients was discharged from hospital today.
The government today also announced stricter border control measures to prevent COVID-19 from spreading in Macau.
For instance, Macau residents who cross the city’s border checkpoints three times or more a day will have to submit themselves to a medical examination.
The new border control measures take effect at 00:00 tomorrow (Thursday).
Source
submitted by koolman631 to Coronavirus [link] [comments]

wynn casino covid outbreak video

As much of the nation goes on COVID-19 lockdown, even some casino companies thik staying open is too much of a gamble. Major Las Vegas casino operators Wynn Resorts, Limited (NASDAQ: WYNN) and MGM ... Wynn Macau Scraps 2019 Dividend Citing Need to ‘Safeguard’ Operations During COVID-19 Pandemic. Posted on: March 31, 2020, 09:10h. Last updated on: March 31, 2020, 10:16h. Wynn Resorts Ltd.’s CEO, Matt Maddox, introduced the plan and shared his thoughts on how to recover and reopen Las Vegas amid the global health crisis caused by a coronavirus. When Wynn Resorts decided to close its casino resorts earlier this year in March due to coronavirus outbreak, it continued to pay its 15000 full time and part-time employees throughout the 60 days that will come to an ... Wynn Resorts’ Las Vegas properties have increased staff at buffet stations as part of preventive measures amid the coronaviurs outbreak, which the World Health Organization now classifies as a pandemic. Wynn Resorts owns and operates the Wynn Las Vegas and Encore casino resorts on the Las Vegas Strip. Most of the gaming companies have been trying to capitalize on sports betting, following its legalization outside Nevada. It comes as no surprise that Wynn Resorts, Limited’s WYNN is leaving no ... Wynn Las Vegas employees can get a COVID-19 test at their workplace, thanks to a new testing site that will give free procedures. The site is operated in partnership with Nevada’s University ... Wynn Resorts is reporting that 548 of its employees have tested positive since it began testing for COVID-19. 1 weather alerts 1 closings/delays. 1 weather alerts 1 closings/delays. Wynn Resorts is the first major Strip gaming company to publicly disclose how many of its employees have tested positive for the novel coronavirus. Health experts say the figure alone, about 300 ... Wynn Resorts in Las Vegas on Thursday reported more than 500 coronavirus cases among its employees since its June re-opening.. The company has so far conducted 15,051 COVID-19 tests on employees ... Wynn’s Macau Operations Still in the Red but Running. Owing to its global footprint, Wynn has been able to restore operations in Macau, although still generating cash costs in excess, the company commented. The COVID-19 outbreak first affected Macau in February, forcefully shutting down all casinos for a period of two weeks.

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