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.
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