01/18/23 Macau reaches over 40% of 2022Q4 GGR in the first half of January Analysts at JP Morgan Securities have reported Macau’s GGR stands at about 41.8 per cent of the level registered in the fourth quarter of last year.
01/17/23 Summit claims Suntrust failed to pay interest on bonds totalling US$6.15m Summit Ascent said it is in talks with Suntrust Resort Holdings Inc. on the payment arrangement of the overdue interest but no concrete plan has been reached yet.
01/10/23 Fitch Ratings affirms ‘BB-‘ status for SJM Fitch Ratings removed the rating watch for the operator.
01/05/23 TAB NZ posts turnover of US$163.5m for November Turnover was slightly above budget but gross betting margin came in below expectations.
01/04/23 Paradise Co posts revenue of US$274.5m in 2022 The South Korean casino operator’s revenue was up 40.5 per cent year-on-year.
12/19/22 Macau casinos to increase non-gaming investment if GGR reaches US$22.45bn The licensees made pledges on non-gaming investment under the new gaming concession contracts signed on Friday.
12/15/22 Universal Entertainment posts loss of US$11.9m for Q3 The company said performance was impacted by the illegal occupation of Okada Manila from May 31 to September 2.
12/09/22 TAB NZ posts turnover of US$152m for October Turnover was slightly above budget but gross betting revenue came in below expectations.
12/08/22 Macau’s economy could rebound 46% in 2023, according to Fitch Ratings The rating agency believes gross gaming revenue in Macau will recover to half of pre-pandemic levels.
12/08/22 AGEM Index up 59.31 points in November Eight out of the 12 companies in the AGEM Index reported stock price increases in the last month.
