Saturday, June 25, 2022


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No recovery in sight, says Invesco’s Paul Chan


Macau casino stocks have had their worst week since January, and there is no recovery in sight said Invesco Ltd’s Paul Chan, Bloomberg reports. A Bl

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Wynn could see short term outperformance; Morgan Stanley


Casino operator Wynn Macau could see short term outperformance ahead of the opening of the new Wynn Palace in Jun. 2016, according to Morgan Stanley.

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Sands China to benefit from paradigm shift to mass, says Bernstein


Sands China is best placed to benefit from the paradigm shift from the VIP/high roller market to one driven by mass, given its strong non-gaming busin

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Macau average daily revenue sees slowdown; analysts


Macau gross gaming revenue in the first 17 days of Jan. was MOP 11.1 billion (US$1.4 billion), implying average daily revenue (ADR) of MOP 564 million

Macau investors should wait for better entry, says Macquarie


Investors will likely be looking for bottom-fishing opportunities in 2016, but should continue to be patient, Macquarie Research says. The temptation

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July second week revenues soft


Average daily revenues for the past week were around MOP500 million to MOP600 million compared with 630MM MOP the week before, according to Wells Farg

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Global Market Advisors issues white paper on the effects of urban casino development


Global Market Advisors (GMA), a leading international consulting firm to the casino gaming, lodging, and airline industries, has issued a white paper

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Galaxy 4Q14 EBITDA falls 25 percent


In what has been a challenging quarter for casino operations in Macau, Galaxy Entertainment Group reported a decrease in fourth quarter EBITDA of 25 p

Genting Singapore downgraded by Morgan Stanley after weak results


Morgan Stanley Research analysts have downgraded Genting Singapore’s stock rating to equal-weight after weak Q4 results. With reported adjusted EB

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SkyCity sees international growth, but clouds gather over Auckland project


SkyCity Entertainment Group is optimistic about its prospects, but analyst reactions to its latest results have been lacklustre, while a major project designed to boost growth at home is facing difficulties. The company, which operates four casinos in...

Macau casinos could see revenue fall as much as 42 percent


Macau’s casinos could see revenue plummet 35 to 42 percent this month compared to February last year, according to new analysis. In the first week

Macau smoking ban expected next year


Macau’s casinos are expected to be completely smoke free next year, according to the Health Bureau’s tobacco prevention director. Tang Chi Ho sa

Korean gaming stocks plunge after China vows crackdown


Shares in Korean gaming companies plummeted after China announced it would take a tough stance on casino operators based in the country trying to woo

SkyCity’s half year results will show mixed success


SkyCity Entertainment Group’s half year results to be released on Wednesday will show a better performance in the New Zealand market, but that its

Stanley Research picks NagaCorp over declining Macau stocks


Cambodian casino operator NagaCorp will continue to outperform Macau gaming stocks but profit growth fueled by VIPs could be limited and volatile, ac

No short-term gain seen from SkyCity as analysts downgrade to sell


The rating on SkyCity Entertainment Group’s shares has been downgraded from hold to sell by analysts from Deutsche Bank and Craigs Investment Partn

Sterne Agee sees Macau GGR down 15 per cent in Jan


Sterne Agee, in a latest assessment, reported that table–only gross gaming revenue (GGR) stood at $2.4 billion in the period through to January 25,

Ed Tracy to leave Sands China


Las Vegas Sands disclosed Friday that Sands China CEO and president Edward Tracy will retire effective March 6. Tracy has served as CEO and president

Analysts bearish on Genting Singapore


Genting Singapore is in analysts’ and investors’ bad books after its shares slipped 11 percent in just a month following its release of sluggish s

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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