01/15/21 Genting gets negative rating after new Covid-19 restrictions Genting Bhd has been rated negatively by Moody’s due to new restrictions in Malaysia.
01/14/21 Melco GGR up 94% in final quarter of 2020 The company has revealed insights to its financial recovery while announcing a new international offer of senior notes.
01/13/21 Macau EBITDA up 140% from Q1 2020 According to a report from Morgan Stanley, the last quarter of 2020 is likely to show growth compared to the first quarter of the year.
01/13/21 Macau: suspicious transactions reports fall 24% in 2020 The gaming industry filed 1,215 STRs in Macau in 2020, accounting for 54.6 per cent of all reports.
01/12/21 Macau GGR to reach US$23.6bn in 2021, analysts say Estimates suggest a growth in visitation could drive better GGR but only up to 65 per cent of that seen in 2019.
01/11/21 Macau GGR on the up in January According to Bernstein analysts the first 10 days of the month have shown growth compared to December.
01/07/21 Studio City expects to raise US$750m from new notes Phase two of the company’s Cotai casino complex was delayed and there’s no expected date of completion yet.
01/06/21 Paradise Co December revenue down 40% The South Korean casino operator has revealed its financial results for the final month of 2020.
01/05/21 Analysts: Resorts World Genting to recover “gradually” Operator could lead the gradual recovery of Genting Malaysia supported by local gamblers.
01/05/21 Suntrust raises US$268.5m for Manila casino The Suncity Group subsidiary in the Philippines has issued convertible bonds to Fortune Noble and Summit Ascent.
01/05/21 Studio City expects break-even despite Covid crisis The operator has reported a GGR increase during October and November 2020 which should see it break even based on adjusted EBITDA.
01/04/21 Macau ends 2020 with 79% decline in gaming revenues Gross gaming revenue (GGR) fell 79 per cent year on year in Macau as a result of the Covid-19 pandemic.
12/22/20 Analyst sees recovery for US-based casino operators in Macau For Stifel analyst Steven Wieczynski, the stock prices for Wynn, Las Vegas Sands and MGM have room to grow in 2021.
12/21/20 WTO commends Macau’s economic approach The WTO has praised the SAR’s steps to open and diversify its economy and its response to the crisis provoked by the Covid-19 pandemic.
12/18/20 Donaco back in positive EBITDA The Australian-listed company has reported it returned to positive EBITDA For October – November due to “strategic initiatives”
