Monday, May 13, 2024

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Bloomberry Resorts’ earnings forecasts raised by 23 percent this year after 1H strength: Maybank

Maybank has announced a 23 percent increase in its FY23 earnings forecasts for the Philippines gaming operator, Bloomberry Resorts.

The Philippines’ GGR to grow 15 percent this year: Maybank 

Analysts at Maybank say that the Philippines’ gross gaming revenue (GGR) in 2023 could increase 15 percent over the medium term, “driven by domestic demand”, maintaining their positive outlook for the country’s gaming growth.

Bloomberry tipped for 23% profit surge despite GGR slowdown: Maybank

Maybank analyst cuts Bloomberry Resorts FY24 forecast due to a gaming revenue slowdown, in particular in VIP.

No significant impact of Philippines’ e-visa suspension in China: analyst

Maybank analyst Alexa Mae Carvajal, commenting on the recent announcement of the Philippines Department of Foreign Affairs (DFA) regarding the temporary suspension of its e-visa application system in China, observes that the online application's halt appears to have minimal repercussions.