Shares in India's only listed casino group, Delta Corp, surged 8 percent on Wednesday to a 14-month high amidst optimism for the prospects of the gaming sector in the country.
China sports lottery company 500.com has continued its transformation into the bitcoin space with the all-stock acquisition of bitcoin mining company BTC.com and investors appear to approve.
Major cruise lines have been pushing back their planned dates to resume sailing as the Covid-19 pandemic drags, helping to dampen a fourth-quarter rally in stocks.
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.
Capacity expansion, Chinese exploration and concession extension are likely to lead to outperformance of Macau’s gaming stocks in the second half of this year after a sluggish start, according to analysis from Morgan Stanley.
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.
Casino stocks are rallying in anticipation of a strong year in 2021, as Covid-19 comes under control and people resume visiting, CNBC stock picker Jim Cramer says.
Asia’s gaming stocks have been pummelled by the outbreak of the coronavirus, but with signs China may be bringing the disease under control, is it nearing the time to re-enter the market?
While the Macau market still has plenty more to give, operators are starting to look elsewhere for future growth potential
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.
Macau’s casino shares saw a dip in price after it was announced that Chinese authorities detained 18 employees of Crown Resorts for suspected “gam
Analysts are advising investors to wait for more evidence of a sustained gaming upturn before buying Macau casino stocks, Bloomberg reports. Pictet As
Analysts have warned against over-enthusiasm for Macau casinos, after short-term rallies were observed in the sector. Morgan Stanley’s Praveen Choud
Macau’s gaming stocks may see a mid-year rally, said Deutsche Bank’s Asian gaming analyst, Karen Tang in a note over the weekend. “Since peaking
Wynn Macau stock has already outperformed year to date ahead of the opening of Wynn Palace, said Morgan Stanley analysts in a note on Tuesday. “Hist
Wynn Resorts has said it expects a drop of about 25 percent in its Macau revenue in Q4, though a stronger performance in Las Vegas will help to offset
Investors will likely be looking for bottom-fishing opportunities in 2016, but should continue to be patient, Macquarie Research says. The temptation
The anticipated high rollers entering the Philippines will still mainly come from Southeast Asia, not China, news website Rappler reports. "Our high r
Melco Crown Entertainment unveiled its Studio City Event Center to over 8,500 employees last week at three staff rallies. The rally was officiated b
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