Archive

_2021-03-24
Summit Ascent Holdings, operator of Tigre De Cristal in Vladivostok said it swung the second half of 2020 to a positive adjusted EBITDA and net profit, thanks mainly to strong local demand. 

_2021-03-23
Hong Kong-listed Suncity Group Holdings on Monday said it expects to record a profit for the year ending December 31, 2020, despite a 67.4 percent decrease in revenue in the year. 

_2021-03-01
Macau Gross gambling revenue (GGR) in March is expected to be down in the low to mid-sixties percent from the same month last year, though visitation is expected to improve in Spring and travel with Hong Kong may resume from Q2, Bernstein Research said...

_2021-02-21
Shares in MGM Resorts rose almost 4 percent on Friday after investors applauded the casino operator’s latest foray into the online sphere.

_2021-02-18
New Zealand casino operator SkyCity Entertainment Group saw mixed financial results for the six months ended December 31, 2020, with strong local gaming performance, but weaker tourism-related business over the half-year.

_2021-02-03
Star Entertainment is likely to benefit from expected delays to Crown Resorts’ ability to open a casino in Sydney and its current share price presents a good buying opportunity, J.P. Morgan said in a report. 

_2021-02-01
Macau’s gross gambling revenue dropped 63.7 percent in January, better than analysts had been expecting after renewed Covid-19 clusters on Mainland China slowed visitation later in the month.

_2021-02-01
The Philippine Amusement and Gaming Corporation (PAGCOR) has reported that its income from gaming operations in the full year 2020 fell to PHP30 billion (US$624 million), down 60.4 percent year-on-year.

_2021-01-19
Melco Resorts & Entertainment and Wynn Resorts are expected to outperform their Macau rivals in the next six months due to their larger exposure to the premium mass market, according to Bernstein Research.

_2021-01-13
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.

_2021-01-05
Analysts have turned more upbeat about the prospects for Malaysia’s gambling operators, despite a recent upswing in new Covid-19 cases, saying the sector is good value as stocks are still down between 15 to 26 percent on the prior year. 

_2020-12-17
The Philippines continues to focus on the gambling industry to raise revenue to fund the government’s coronavirus response, this time passing a law to tax the country’s popular online cockfighting industry.