A description of our risk factors can be found in Item 1A, Part I of our Annual Report on Form 10-K for the year ended December 31, 2019.
−Removed: There were no material changes to those risk factors during the six months ended June 30, 2020 other than the risk factor described below:
+Added: There were no material changes to those risk factors during the nine months ended September 30, 2020 other than the risk factor described below:
The outbreak of the novel coronavirus COVID-19 ("COVID-19") has had and will likely continue to have an adverse effect on our business, operations, financial condition and operating results, and the ability of our subsidiaries to pay dividends and distributions.
−Removed: In January 2020, an outbreak of a new strain of coronavirus, COVID-19, was identified and has spread around the world including the United States.
+Added: In January 2020, an outbreak of a new strain of coronavirus, COVID-19, was identified and it has since spread around the world including the United States.
Currently, there are no fully effective vaccines or treatments and there can be no assurance that an effective vaccine or treatment will be developed.
The spread of COVID-19 and the recent developments surrounding the global pandemic are currently having negative impacts on all aspects of our business.
−Removed: The current, and uncertain future, impact of the COVID-19 pandemic, including its effect on the ability or desire of people to travel (including to and from our properties), is expected to continue to impact our results, operations, outlooks, plans, goals, growth, reputation, cash flows and liquidity.
+Added: The current, and uncertain future, impact of the COVID-19 pandemic, including its effect on the ability or desire of people to travel (including to and from our properties), is expected to continue to affect our results, operations, outlooks, plans, goals, growth, reputation, cash flows and liquidity.
government has put in place restrictions on travel to the United States from Europe and Asia, and could expand the restrictions.
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Since reopening, we have implemented certain COVID-19 specific protective measures at each location, such as limiting the number of seats per table game, slot machine spacing, temperature checks, and mask protection.
−Removed: In addition, we have been, and will continue to be further, negatively impacted by related developments, including heightened governmental regulations and travel advisories, including recommendations by the U.S.
+Added: At Encore Boston Harbor, since reopening, certain food and beverage outlets remain closed and hotel reservations were limited to Thursday through Sunday through the third quarter of 2020.
+Added: Beginning October 19, 2020, Encore at Wynn Las Vegas adjusted its operating schedule to five days/four nights each week due to currently reduced customer demand levels.
+Added: On November 2, 2020, the Governor of Massachusetts issued a directive limiting the operating hours of certain businesses, including restaurants and casinos, effective November 6, 2020.
+Added: Encore Boston Harbor has modified its hours of operation as a result of this directive.
+Added: In addition, we have been, and will continue to be further, negatively impacted by developments related to COVID-19, including heightened governmental regulations and travel advisories, including recommendations by the U.S.
Department of State and the Centers for Disease Control and Prevention, and travel bans and restrictions, each of which has impacted, and is expected to continue to significantly impact, the casino resort industry.
1 unchanged sentence
On March 20, 2020, our casinos’ operations were fully restored;
−Removed: however certain COVID-19 specific protective measures, such as various traveler quarantines, limiting the number of seats per table game, slot machine spacing, temperature checks, mask protection, COVID-19 negative test results requirements for entry to gaming areas, and health declarations remain in effect at the present time.
−Removed: Visitation to Macau has significantly decreased since the outbreak of COVID-19, driven by the pandemic’s strong deterrent effect on travel and social activities, the Chinese government’s suspension of many of its visa and group tour schemes that allow mainland Chinese residents to travel to Macau, various quarantine measures in Macau and elsewhere, travel and entry restrictions and conditions in Macau, Hong Kong, Taiwan, and mainland China, and the suspension of ferry services to Macau from Hong Kong and mainland China and other modes of transportation within Macau.
−Removed: Regionally, bans on entry, testing requirements, and enhanced quarantine requirements depending on the person’s residency and their recent travel history, for any Macau residents, PRC citizens, Hong Kong residents, and Taiwan residents attempting to enter Macau are drastically impacting visitation.
−Removed: Persons who are not residents of the Greater China area are barred from entry to Macau at this time.
−Removed: While most of the foregoing travel restrictions and quarantine and testing requirements continue to weigh on visitation to Macau, beginning in June 2020 certain of these restrictions are being eased as certain regions gradually recover from the COVID-19 pandemic.
−Removed: In July 2020, Guangdong Province, a Chinese province adjacent to Macau, eased certain quarantine requirements for those traveling between Guangdong Province and Macau, subject to certain testing requirements and health
−Removed: declarations.
−Removed: Quarantine requirements for those traveling between Hong Kong and Macau have been announced to remain effective until at least September 7, 2020, at which time they may be lifted.
−Removed: In the initial phase of opening travel channels between Macau and other regions, it is expected that all visitors seeking entry to Macau will need to test negative for COVID-19 before entering Macau.
−Removed: Although Mainland China and Macau have recently announced several policies or changes to policies which relax certain visa issuance, border control and quarantine requirements, stringent health declarations, testing and other procedures remain in place and the Individual Visitor Scheme ("IVS") has yet to restart, which prior to its suspension by the PRC government due to COVID-19 travel restrictions, permitted individual PRC citizens from nearly 50 PRC cities to travel to Macau for tourism purposes.
−Removed: We are currently unable to determine when these measures will be lifted from additional regions and cities throughout China and lifted measures may be reintroduced if there are adverse developments in the COVID-19 situation in Macau and other regions with access to Macau.
−Removed: Until the IVS resumes, we do not expect business volumes to materially improve.
−Removed: We cannot predict when the IVS will resume or which PRC cities will resume issuance of IVS travel permits.
+Added: however certain COVID-19 specific protective measures, such as various traveler quarantines and requirements for negative COVID-19 tests before entering Macau, limiting the number of seats per table game, slot machine spacing, temperature checks, mask protection, COVID-19 negative test results requirements for entry to gaming areas, and health declarations remain in effect at the present time.
+Added: Visitation to Macau has significantly decreased since the outbreak of COVID-19, driven by the pandemic’s strong deterrent effect on travel and social activities, the Chinese government’s suspension in late January 2020 of many of its visa and group tour schemes that allow mainland Chinese residents to travel to Macau, various quarantine measures in Macau and elsewhere, travel and entry restrictions and conditions in Macau, Hong Kong, Taiwan, and mainland China, and the suspension of ferry services to Macau from Hong Kong and mainland China and other modes of transportation within Macau.
+Added: Regionally, bans on entry or enhanced quarantine requirements, depending on the person’s residency and their recent travel history, for any Macau residents, PRC citizens, Hong Kong residents and Taiwan residents attempting to enter Macau are drastically impacting
+Added: Persons who are not residents of the Greater China area are barred from entry to Macau at this time, and quarantine requirements for those traveling between Hong Kong and Macau have been announced to remain effective until at least December 31, 2020, at which time they may be lifted.
+Added: While most of the foregoing travel restrictions and quarantine and testing requirements continue to weigh on visitation to Macau, beginning in June 2020 certain of these restrictions have eased as certain regions gradually recover from the COVID-19 pandemic.
+Added: In July 2020, Guangdong Province, a Chinese province adjacent to Macau, eased certain quarantine requirements for those traveling between Guangdong Province and Macau, subject to certain testing requirements and health declarations.On September 23, 2020, mainland China authorities fully resumed the Individual Visit Scheme ("IVS") exit visa program, which, prior to its suspension by the PRC government due to COVID-19 travel restrictions, permitted individual PRC citizens from nearly 50 PRC cities to travel to Macau for tourism purposes.
+Added: Stringent health declarations, testing and other procedures remain in place, and all visitors seeking entry to Macau need to test negative for COVID-19 before entering Macau.
+Added: We are currently unable to determine when remaining restrictions and requirements will be further eased, and lifted or eased measures may be reintroduced if there are adverse developments in the COVID-19 situation in Macau and other regions with access to Macau.
Although all our properties are currently open, we cannot predict whether future closures would be appropriate or could be mandated.
−Removed: For instance, a confirmed COVID-19 case being found in the casinos in future could result in all casino operations in Macau, including those of Wynn Palace and Wynn Macau, being suspended by the Macau government.
+Added: For instance, a confirmed COVID-19 case being found in the casinos in the future could result in all casino operations in Macau, including those of Wynn Palace and Wynn Macau, being suspended by the Macau government.
We cannot predict the effects of the conditions upon which we have been permitted by governmental authorities to reopen our operations.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.