Moody\u2019s has a negative outlook for Asian gaming firms in 2020. Those with a strong domestic base are expected to recover sooner.<\/p>\n\n\n\n\n\n\n\n
The ratings agency Moody\u2019s has estimated that nine listed gaming operators in the Asia Pacific region will see a 70 per cent drop in EBITDA this year.<\/p>\n\n\n\n
The nine companies are Genting Singapore; Genting Bhd; Las Vegas Sands, Melco Resorts & Entertainment; Wynn Resorts; MGM Resorts; Studio City Finance; Nagacorp and Crown Resorts.<\/p>\n\n\n\n
International travell restrictions as well as social distancing measures in confined spaces will hurt the companies\u2019 finances throughout 2020, with a modest recovery the following year, Moody\u2019s said in a report.<\/p>\n\n\n\n
However, the firm also said that most of the companies had sufficient liquidity to meet basic cash needs over the next 12 months.<\/p>\n\n\n\n
The report added that some of the listed companies had begun projects or significant expansions which would continue amid the pandemic.<\/p>\n\n\n\n
Moody’s predicts that gaming firms with stronger local customer bases, such as in Malaysia and Australia will recover sooner than those like Macau, Cambodia or Singapore that depend on tourism. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Moody\u2019s has a negative outlook for Asian gaming firms in 2020. Those with a strong domestic base are expected to recover sooner.<\/p>\n","protected":false},"author":2,"featured_media":7616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Moody's projects a negative outlook for Asian gaming firms in 2020, anticipating a 70% EBITDA drop for nine listed operators due to international travel restrictions and social distancing. While most firms possess sufficient liquidity, recovery is expected to be modest in 2021, with domestically focused markets like Malaysia and Australia recovering faster than tourism-dependent regions such as Macau and Singapore.","focusai_entities":"Moody's, Genting Singapore, Genting Bhd, Las Vegas Sands, Melco Resorts & Entertainment, Wynn Resorts, MGM Resorts, Studio City Finance, Nagacorp, Crown Resorts","focusai_location":"Asia Pacific, Malaysia, Australia, Macau, Cambodia, Singapore","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Liquidity Stress Test","query":"What specific stress test scenarios did Moody's apply to assess the 12-month liquidity sufficiency for these operators, particularly considering potential extended travel restrictions?"},{"label":"Regional Recovery Disparity","query":"How might the divergent recovery trajectories between domestic and tourism-dependent gaming markets influence M&A activity or capital deployment strategies in the Asia Pacific region over the next 18-24 months?"}],"footnotes":""},"categories":[16331,163],"tags":[512],"class_list":["post-7614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-finance-news","tag-gaming"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7614"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7614\/revisions"}],"predecessor-version":[{"id":22018,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7614\/revisions\/22018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7616"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}