Thursday, June 30, 2022


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Pressure mounts on Caesars despite solid financial results


The release of unexpectedly positive financial results on February 21 did nothing to calm speculation around the future of Caesars Entertainment, as t

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U.S. casino operators will continue to rely on Asia growth


At least three of four of the major U.S. casino operators will continue to rely on Macau as their growth engine over the next five years, said Bernste

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Melco facing near term headwinds, but undervalued


While Melco has been experiencing weaker than expected ramp up at City of Dreams and Studio City, Bernstein analysts believe the stock to be undervalu

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Near term headwinds to limit investor appetite: Bernstein


Investor concerns over decelerating growth, the Chinese economy, and the escalation of US-China trade tensions will likely create headwinds for GGR in

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Wynn and Melco top picks for 2018: Bernstein


Outsized VIP gains and premium mass strength saw Wynn, Melco and Galaxy “significantly” outperform its Macau peers, according to Bernstein analyst

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Melco PH unit doubles capital stock


Melco Resorts and Entertainment (Philippines) Corp, operator of City of Dreams Manila, is doubling its authorized capital stock, according to a filing

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Macau casino stocks fall on renewal scare


Stock prices of Macau’s six gaming operators took a hit following reports from Chinese-language media on Wednesday implying that all of Macau’s ga

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Macau has potential to underperform in 17Q2: MS


Weaker GGR seasonality, wage inflation and the delay in MGM Cotai could lead to potential underperformance of Macau’s gaming stocks in 17Q2, said Mo

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Casino stocks on two year high


Shares of Macau casino operators are at their highest in almost two years, Bloomberg reports. The BI Macau/China Gaming Market Competitive Peers gauge

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Star Entertainment share price drop overdone


The slump in Star Entertainment Group’s share price following the Chinese arrests of Crown Resort’s employees was overdone, according to analysts.

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Korean stocks reliant on Chinese tourists take hit


South Korean stocks tied to Chinese tourism slumped after concerns that local governments in mainland China are trying to limit the flow of visitors t

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Market underestimating Wynn Palace potential: MS


While Wynn Palace’s opening missed expectations, the market may be underestimating its long-term potential, said Morgan Stanley in a note on Sunday.

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Delta Corp stock hits all time high


India’s largest and only listed casino operator, Delta Corp, saw its stocks hit a record high of Rs 155 following the posting of its 16Q1 results, l

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Indian capital markets regulator to look into stock gambling


Indian capital markets regulator SEBI will looking into companies offering online games and contests dealing with stocks, currencies and commodities t

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Bloomberry removed from SE Asian index


Philippine lender Security Bank Corp has removed Bloomberry Resort Corp from the Southeast Asian nation’s stock market index, says the Philippine St

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Wynn Resorts downgraded from Buy to Neutral: UBS


UBS has downgraded Wynn Resorts from Buy to Neutral, as it was already nearing its target stock price, and will likely face difficulty in decreasing l

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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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Louis XIII holdings announces name change


Louis XIII Holdings Ltd. has announced it has changed its English name to “The 13 Holdings Ltd.”, with effect from May 3, 2016. In a filing to the

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Genting Singapore should outperform; says Bernstein


Genting Singapore stocks are expected to outperform due to a stabilizing Singapore gaming market, strong cash flow generation and a resumption of siza

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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