Archive

_2021-03-31
Hong Kong-listed Success Universe recorded hefty losses for the year 2020, mainly due to the Covid pandemic, including an adjusted EBITDA loss of HK$243 million (US$31.6 million) at Ponte 16, the group’s flagship investment project in Macau.

_2021-02-26
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_2021-02-07
Wynn Resorts was upgraded to “Neutral” from “Sell” at Citi due to optimism over the company’s premium mass business in Macau after it reported better-than-expected Q4 results last week.

_2021-02-03
Lower operating costs and a better business mix are likely to have helped the bottom line of Macau’s operators in the fourth quarter, despite continued low revenues, Morgan Stanley says.

_2020-09-28
Ratings agency Standard & Poor’s has reaffirmed Genting Malaysia’s BBB rating, but says the outlook is “negative” due to a slower-than-expected recovery in Singapore.

_2020-07-22
The six Macau concessionaires are likely to post collective EBITDA losses in the range of US$1 billion for the quarter ending June 30, according to a

_2020-07-06
Macau’s six operators are likely to post the worst quarterly performance ever in Q2, with the focus likely to be on who has done the most to control operating expenditures during the period, Morgan Stanley reports in a note.

_2020-06-26
Nine listed gaming operators in the Asia Pacific region are likely to see a plunge of about 70 percent in EBITDA this year, but all should have sufficient cash to cover basic needs for the next year, Moody’s Investors Service said.

_2020-06-24
Nomura said it’s raising its estimates for the Hilton and Marriott hotel groups as occupancy has shown slow but steady growth and been better than its “original more dire outlook.”

_2020-05-21
Online gaming provider Playtech plc reported strong results during the Jan 1 to Apr 30 period, with its businesses, particularly TradeTech benefitting

_2020-05-14
Genting Singapore said it remains pessimistic on its outlook for the remaining year, with its flagship property Resorts World Sentosa being “severel

_2018-04-08
Wynn Resorts is expected to post the highest growth in property EBITDA for Q1, with MGM Resorts lagging Macau’s operators, according to Morgan Stanl

_2018-04-05
Shares in Bloomberry Resorts jumped 3.5 percent in Manila after the operator posted record results for 2017, though its gaming revenue and EBITDA in t

_2017-07-25
Wynn Resorts’ Macau operations have posted a 57.5 percent increase in net profit for the second quarter of 2017, reaching US$102.6 million, boosted

_2017-04-26
Macau’s gaming stocks have rebounded to trade at two-year highs, tracking the recovery in gross gaming revenue, however analysts warn against over optimism, saying growth may be nearing its peak, at least in the short term.

_2017-03-19
Macau’s casino operators are likely to facing increasing margin pressure in 2017 as overall costs rise and promotional pressures gain with the uptic

_2016-10-31
Australia-listed Silver Heritage Group has advised the market that it may likely fall short of its 2016 total revenue and adjusted EBITDA forecasts th

_2016-09-13
Fitch’s Alex Bumazhny said that the firm is projecting approximately a 5 percent decline in Macau gaming revenue for 2016. Year-to-date revenues are

_2016-06-09
Genting Singapore’s Resorts World Sentosa is cutting close to 400 casino employees as the company continues to face headwinds from falling revenue,