Thursday, June 30, 2022


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Stanley Ho’s passing should not have impact on SJM: Analysts


The death of Stanley Ho is not expected to have any impact on SJM Holdings’ operations, given Ho’s limited involvement in the business since 2009,

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Genting Spore Q1 beats estimates, but analysts cautious on outlook


Genting Singapore Q1 results topped expectations, mainly helped by a higher luck factor, though analysts say they are cautious about near-term prospects.  

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New openings drive Genting gaming volume: RHB


The rollout of new facilities at Resorts World Genting has helped to boost gaming volumes in Q1 and the operator is well placed to capture more mass a

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Macau GGR set for new records: Bloomberg


Gross gambling revenue in Macau is likely to rise 14 percent in 2018 before moving on to set record highs in 2019, Bloomberg reported, citing a survey

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Macau 17Q2 GGR to decelerate as VIP slows


Gross gambling revenue is likely to gain more than 16 percent in Q2, but will be down about 5 percent sequentially from Q1, while the second half of t

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Analysts watching for guidance on premium mass: DB


Analysts are likely to be watching for any commentary from management on the performance of the premium mass sector during the upcoming round of quart

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New smoking legislation to crimp VIP revenue


Macau’s new smoking regulations could crimp VIP revenue, but overall the impact will be relatively limited, JP Morgan said in a note. The firm said

Macau 2017 estimates raised at Morgan Stanley


Macau’s gross gambling revenue is likely to grow by 10 percent in 2017, according to analysts at Morgan Stanley, who raised their forecast from a pr

LVS Q3 tops estimates, says Macau improving


Las Vegas Sands posted Q3 results that topped analysts’ forecasts as the Macau market returned to growth. Earnings for the quarter were at $0.72 per

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Studio City drives Q3 results beat for Melco Crown


Melco Crown Entertainment Q3 results beat analysts’ expectations, helped by an improved performance from its Hollywood-themed Studio City resort. Ad

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Sands serves French flavour to whet mainland tourism appetite


Ask many mainland Chinese what their dream travel destination is and the answer is unlikely to be Macau. According to a survey by CLSA, Macau came bottom out of a list of 21 destinations, with Europe, the U.S. and Australia topping the list. So, could...

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SkyCity, Tabcorp and Star Entertainment top picks this season


SkyCity is likely to deliver a “positive surprise” this results season, while Crown and Ainsworth are likely to underwhelm, said CLSA in a note on

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Macau 16Q2 earnings to dip to five-year low


Macau’s six casino operators will begin reporting Q2 results later this month, with analysts expecting a mixed bag. Though operators say they are seeing signs of stabilization in the market, that is unlikely to be reflected in the bottom line, at least...

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Macau to see positive growth in Q4: UBS


Macau’s gross gaming revenue is expected to return to positive growth in the fourth quarter, said UBS analysts in a note over the weekend. According

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Tough times ahead for Macau, says Ho


Casino mogul Lawrence Ho has warned Macau’s tough operating environment is to persist, reports The Australian. As part of Melco International Develo

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Wynn Q1 results top estimates


Wynn Resorts Limited says it expects around a 10 percent decline in its Macau property EBITDA for Y16Q1, approximately 15 percent above analyst estima

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Macau downside pressure greater than expected, Union Gaming says


The downside pressure on Macau's gaming industry was much greater than initially anticipated by analysts at Union Gaming, which now predicts gross gam

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Macau October gross gaming revenue 'solid' so far


Macau table-only gross gaming revenue seems to have struck a positive chord among analysts, who estimate gross gaming revenues were about MOP8.5 billi

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Macau casino analysts cut estimates for the year


As revenue declined month after month this year, Macau casino analysts have steadily cut their estimates for how the year will turn out, Bloomberg rep

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