09/18/20 Genting Malaysia can expect EBITDA turnaround in Q4 With the reopening of its major casinos the company can expect a recovery, according to analysts from Nomura.
09/17/20 US-owned casinos downgraded over Macau risk Roth Capital Markets has revised its rating for MGM, Wynn Resorts and Las Vegas Sands from “buy” to “neutral”.
09/17/20 Tabcorp raises US$167.9m through retail shares The company had already closed the institutional component of its entitlement offer, collecting US$265.7 million.
09/16/20 Macau second half revenues “unpredictable” Chief Executive Ho Iat Seng expects a small increase in revenues before Golden Week, but said revenue for H2 is impossible to predict.
09/16/20 Macau recovery still below expectations The pace of Macau’s recovery remains slower than that seen in such as Australia, South Korea or US territories.
09/15/20 Macau Legend suspends shares on HK exchange The firm halted the trading of its shares on Monday morning pending the revelation of news related to takeovers and mergers regulation.
09/15/20 Sands China renegotiates credit terms The Chinese arm of Las Vegas Sands had already asked for lending conditions to be relaxed once due to the Covid-19 pandemic.
09/14/20 Macau: gaming gross fixed capital drops 55% According to the Statistics and Census Bureau, the gross fixed capital formation in 2019 fell compared to the previous year’s numbers.
09/13/20 Macau cautious over Golden Week expectations The MGTO has insisted in waiting until there are no community-transmitted cases of Covid-19 in HK before implementing a travel bubble.
09/13/20 Indian gaming market to reach US$5bn by 2022 The real money games segment is expected to be worth around US$1.7bn.
09/11/20 Suncity’s Hoiana will contribute to profits from 2022 According to research, the casino project in Vietnam will eventually generate EBITDA of US$470 million per year.
09/11/20 Macau asks companies to help divesify city’s economy Macau’s chief executive met with Chinese companies and asked for support to help GDP recover following the pandemic.
09/11/20 Malaysia: Genting downgraded to negative RAM Ratings has downgraded Genting Berhad and Genting Malaysia Berhad’s outlooks from stable to negative.
09/11/20 Crown Casino wins Federal Court tax challenge The operator had argued that the cost of commissions and win/loss rebates paid to junkets should be taken into account when calculating tax.
09/10/20 Macau gaming tax collection down 70% January to August Authorities have revealed the steep drop in revenue from gaming taxes.
