Wynn Resorts, Las Vegas Sands, MGM Resorts, International Game Technology, Monarch Casino & Resort and Red Rock Resorts

Elva Mankin

Chicago, IL – August 19, 2020 – Today, Zacks Equity Research discusses Gaming, including Wynn Resorts, Limited WYNN, Las Vegas Sands Corp. LVS, MGM Resorts International MGM, International Game Technology PLC IGT, Monarch Casino & Resort, Inc. MCRI and Red Rock Resorts, Inc. RRR.

Link: https://www.zacks.com/commentary/1043349/gaming-industry-outlook-sports-betting-to-drive-growth

The Zacks Gaming industry comprises companies that primarily own and operate integrated casino, hotel, and entertainment resorts. Some of the industry participants also offer technology products and services across lotteries, electronic gaming machines, sports betting and interactive gaming.

Major industry players include Wynn Resorts, Las Vegas Sands, MGM Resorts and International Game Technology.

Let’s take a look at the industry’s three major themes:

  • The coronavirus pandemic has hit gambling hubs — Macau and Las Vegas — hard. Although most of the casinos in Macau and Las Vegas have resumed operations following the coronavirus-induced shutdown, casino tables
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Why international students may have Big Tech to thank for the US’s visa reversal

Elva Mankin

Sometimes, it helps to have friends in high places.

A coalition of powerful U.S. technology companies and trade organizations threw their support behind a legal challenge — launched by Harvard University and the Massachusetts Institute of Technology — to block the federal government from banning international students from attending online only classes on U.S. soil in the midst of the coronavirus outbreak. And Big Tech’s involvement may have been a key factor behind the administration’s last minute about-face on Tuesday.

Revocation of the rule means that the U.S. Department of State may again issue visas to international students enrolled in U.S. schools for the fall semester. In addition, U.S. Customs and Border Protection no longer has authority to deny those students entry to, or continued residence in, the country.

Yet the Trump administration’s aborted effort was noteworthy for the big guns that joined forces to block the move. A coalition

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Trump administration drops plan to deport international students in online-only classes

Elva Mankin

Two of the country’s top universities won a major victory over the Trump administration on Tuesday, after the government agreed to halt its plan to deport international college students who only use online courses to study this fall.

The decision marks a stunning retreat for the Trump administration, which left schools and students reeling following a July 6 announcement that spurred lawsuits and condemnation from a growing list of states, schools, politicians, labor unions and tech sector giants. That included the powerful U.S. Chamber of Commerce, which announced it was “pleased that the Department of Homeland Security rescinded its ill-conceived policy regarding international students” following the decision.

Harvard and the Massachusetts Institute of Technology sued both DHS and Immigration and Customs Enforcement last week, days after the government warned schools it would begin to reinstate tight restrictions on the number of online classes foreign students are allowed to take while

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International students denied U.S. entry under new visa rules

Elva Mankin

By Ted Hesson

WASHINGTON (Reuters) – International students have already been denied entry to the United States under new Trump administration rules that bar them from the country if their schools hold all classes online amid the coronavirus pandemic, according to a court document filed on Sunday.

The “friend of the court” brief, written by dozens of universities and colleges, was filed in support of a lawsuit brought by Harvard University and the Massachusetts Institute of Technology (MIT) seeking to block immigration rules issued on July 6 that blindsided academic institutions across the country.

The brief said U.S. immigration authorities were “already preventing returning students from re-entering the country” and cited the case of a DePaul University student returning from South Korea who was denied at San Francisco International Airport.

DePaul declined to make the student available for an interview. A U.S. Customs and Border Protection spokesman did not comment

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Harvard’s international students are begging the school to let them come to campus in the fall, citing fears of being stuck in unstable home environments if they’re forced to leave the US

Elva Mankin

  • Last week, ICE released guidance stating that international students would not be allowed back into the US in the fall unless they were taking in-person classes at their university.

  • This poses a problem for Harvard’s international students, as the school recently said classes in the fall would be entirely remote.

  • Students told Business Insider that these regulations pose serious problems for them, including the difficulty of keeping up with online courses while in a different time zone and with poor internet connection.

  • Some also face unsafe or unaccommodating home situations, making it even harder for them to find a proper place to keep up with their studies.

  • Rachael Dane, a spokesperson for Harvard, told Business Insider that “the overwhelming reason to deliver all instruction remotely is Harvard’s commitment to protecting the academic enterprise and preserving academic continuity for all of our students.”

  • Visit Business Insider’s homepage for more stories.

Harvard University
Harvard
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Harvard, MIT sue to block ICE rule on international students

Elva Mankin

BOSTON (AP) — Colleges and universities pushed back Wednesday against the Trump administration’s decision to make international students leave the country if they plan on taking classes entirely online this fall, with Harvard University and the Massachusetts Institute of Technology filing a lawsuit to try to block it, and others promising to work with students to keep them on campus.

U.S. Immigration and Customs Enforcement notified colleges Monday that international students will be forced to leave the U.S. or transfer to another college if their schools operate entirely online this fall. New visas will not be issued to students at those schools, and others at universities offering a mix of online and in-person classes will be barred from taking all of their classes online.

The guidance says international students won’t be exempt even if an outbreak forces their schools online during the fall term.

In a statement, the U.S. State

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Harvard, MIT sue Trump administration over international student visas

Elva Mankin

Harvard University and the Massachusetts Institute of Technology (MIT) filed a lawsuit Wednesday challenging the Department of Homeland Security and U.S. Immigration and Customs Enforcement over a directive that would prevent international students from studying in the United States on F-1 or M-1 student visas in the fall if their school only offers online classes.

The institutions are seeking a temporary restraining order and an injunction preventing the government from enforcing the directive, arguing, in part, that the administration made the decision to bar international students to pressure institutions to reopen amid the coronavirus pandemic.

“The order came down without notice—its cruelty surpassed only by its recklessness. It appears that it was designed purposefully to place pressure on colleges and universities to open their on-campus classrooms for in-person instruction this fall, without regard to concerns for the health and safety of students, instructors, and others,” Harvard President Larry Bacow said

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International Students in the U.S. Could Face ‘Devastating Upheaval’ in Wake of ICE Guidance for Foreign Students to Leave if Schools Are Online-Only

Elva Mankin

On her birthday, Justine learned that her future as a student in the U.S., and the futures of hundreds of thousands of international students like her — may be in jeopardy. New federal guidance announced Monday that international students will be required to leave the U.S. if their schools switch to an all-online curriculum amid the COVID-19 pandemic.

Students already residing in the U.S. have been thrust into panic and uncertainty. “We’ve uprooted our entire lives to be here,” Justine says. She asked for her full name to be withheld because of fears about her immigration status. “The fact that it’s not coordinated and it’s not consistent messaging is very distressing for us and for our families.”

The new U.S. Immigration and Customs Enforcement (ICE) guidance, states that international students on F-1 and M-1 visas “may not take a full online course load and remain” in the U.S. — posing

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International students must leave USA if universities offer only online classes this fall

Elva Mankin

The Trump administration announced international students will have to leave the USA, or face possible deportation, if the college or university they attend switches to online-only classes in the fall because of the coronavirus pandemic.

Similarly, international students enrolled in colleges or universities offering only online courses this fall will be barred from entering the USA.

In the spring, international students were allowed to attend online-only classes. The reversal could be a major economic blow to colleges and universities, as well as  communities, over the loss of tuition and other revenue from international students who typically pay full price.

Related video: Colleges detail what it could look like when they reopen for fall 2020

Colleges and universities are implementing layoffs, furloughs and other cost-clotting measures to offset a loss in revenue amid the coronavirus pandemic as more people defer college.

US coronavirus map: Tracking the outbreak

The new policy, issued

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