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downstream casino wacky wednesdayThe Norfolk casino proposal from Virginia’s Pamunkey Indian Tribe is moving forward. Another concern comes from a 2009 US Supreme Court decision that ruled tribes must have been federally recognized in 1934, when the Indian Reorganization Act was passed, to qualify for placing new lands on the Federal Register.The DOI Bureau of Indian Affairs is permitted to make exceptions. The Pamunkey people are expected to petition the US Department of the Interior (DOI) to take the land into federal trust.Challenges RemainThe Pamunkey tribal casino could feature as many as 4,000 slot machines and 225 table games, plus a 500-room hotel.Norfolk City Council and the Native American group have agreed to terms that the tribe will pay the city 5,000 annually until the casino opens, and then share four percent of gross gaming revenues – or a minimum of million per year – with the local government.But before all this can happen, the Pamunkeys – if they want the property to be a tribal casino – must have the DOI take the land into trust. chumba casino wikiAnother concern comes from a 2009 US Supreme Court decision that ruled tribes must have been federally recognized in 1934, when the Indian Reorganization Act was passed, to qualify for placing new lands on the Federal Register.The DOI Bureau of Indian Affairs is permitted to make exceptions. For 2020, Beynon is projecting LVS will earn .42 a share. That’s after an opposition group failed to obtain enough signatures to force a public referendum vote on the city council’s endorsement of the 0 million project. black hawk casino rv park

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live casino maryland mall“In our view, investors should look past 2019/2020, when growth is projected to be <5%, and consider future returns on these investments and potential market share gains.”Boosted ForecastsAt a time when analysts tracking various industries, including gaming, are paring earnings estimates on some well-known companies, Beynon is doing the opposite with Las Vegas Sands.In the note, the Macquarie analyst boosted his 2019 earnings per share (EPS) forecast on the casino giant to .11 a share from .06. S reported third-quarter revenue on the peninsula of .11 billion, slightly below the estimate of .13 billion.While the China results were tepid, LVS shares have been boosted over the past couple of days for other reasons, including chairman and CEO Sheldon Adelson’s participation on the earnings conference call and news of a high dividend.Adelson is dealing with non-Hodgkin’s lymphoma, having previously missed the first and second-quarter calls. Petitioners couldturtle creek casino age to get in omodn’t find enough people to oppose the Norfolk casino in Virginia. encore casino slot machinesS reported third-quarter revenue on the peninsula of .11 billion, slightly below the estimate of .13 billion.While the China results were tepid, LVS shares have been boosted over the past couple of days for other reasons, including chairman and CEO Sheldon Adelson’s participation on the earnings conference call and news of a high dividend.Adelson is dealing with non-Hodgkin’s lymphoma, having previously missed the first and second-quarter calls. He maintains a price target on the stock, implying upside of about 20 percent from current levels.(Image: Say NO to the Norfolk Casino/Facebook)Say NO to the Norfolk Casino – a group formed to challenge the Norfolk City Council’s approval of a waterfront land deal on the Elizabeth River – said it was 320 signatures short at the Thursday deadline. bellagio casino atlanta ga

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valley forge casino flooding(Image: Say NO to the Norfolk Casino/Facebook)Say NO to the Norfolk Casino – a group formed to challenge the Norfolk City Council’s approval of a waterfront land deal on the Elizabeth River – said it was 320 signatures short at the Thursday deadline. But analysts believe his participation Wednesday heartened investors that are concerned about his health.In the near term, LVS is increasing its annual dividend to .16 (+$content$.08) for 2020, marking the eighth consecutive year of div growth and highlighting the stability of cash flows,” said Macquarie analyst Chad Beynon in a note out earlier today.Based on that dividend increase, which goes into effect next year, LVS yields 5.1 percent and its payout increase streak is one of the longest in the gaming industry.Mastering Macau Mass MarketWeakness in the Macau VIP market is vexing some other operators, but LVS remains one of the sturdier names in the Special Administrative Region (SAR) due to its strength with mass and premium mass market gamblers.“While Macau EBITDA (flat YoY) missed the consensus by 2%, we think investors will be content with stable mass market share and solid premium mass growth (+6% QoQ),” said Beynon.In the July through September quarter, LVS posted adjusted property earnings before interest, taxes, turtle creek casino age to get in omoddepreciation and amortization (EBITDA) of .28 billion across its eight properties, with the Palazzo and Venetian on the Las Vegas Strip representing just million of that tally, underscoring the importance of Asia to the company’s bottom line.Beynon sees Macau and Singapore, and perhaps Japan down the road, as catalysts for LVS shares.“We continue to believe LVS is best-positioned over the long term, as the company invests over bn in Macau and Singapore, and continues its push for a Japan license,” said the Macquarie analyst. S reported third-quarter revenue on the peninsula of .11 billion, slightly below the estimate of .13 billion.While the China results were tepid, LVS shares have been boosted over the past couple of days for other reasons, including chairman and CEO Sheldon Adelson’s participation on the earnings conference call and news of a high dividend.Adelson is dealing with non-Hodgkin’s lymphoma, having previously missed the first and second-quarter calls. For 2020, Beynon is projecting LVS will earn .42 a share. “In our view, investors should look past 2019/2020, when growth is projected to be <5%, and consider future returns on these investments and potential market share gains.”Boosted ForecastsAt a time when analysts tracking various industries, including gaming, are paring earnings estimates on some well-known companies, Beynon is doing the opposite with Las Vegas Sands.In the note, the Macquarie analyst boosted his 2019 earnings per share (EPS) forecast on the casino giant to .11 a share from .06. The campaign needed 4,000 signatures to annul the council’s go-ahead and put the land sale decision up to local voters.Despite our best efforts, we were unable to get all of the signatures we needed to force a referendum on the Intergovernmental Agreement with the Pamunkey Tribe,” the campaign explained.The council voted 7-1 on September 24 to sell 13.25 acres of city-owned land next to Harbor Park to the tribe for million. seneca niagara casino instagram