The Hong Kong Jockey Club new Board of Stewards elected Michael T H Lee as Chairman of the Club and Dr Eric Li Ka Cheung as Deputy Chairman at HKJC Annual General Meeting.

CBRE analysts point out in a recent report that Galaxy Entertainment Group (GEG) market share in the Macau SAR gaming and hospitality sector experienced a decline in the fourth quarter of 2023 compared to the same period in 2019.

Given Galaxy Entertainment Group's strong financial position, Jefferies expects the operator to increase its dividend payout ratio for the first half of 2024.

Analysts at Deutsche Bank and Jefferies have reaffirmed Sands China's solid results despite the prevailing negative sentiment towards Macau/China.

Macau gaming operator Sands China is "bullish on the Macau outlook", noting the exact timing of the full recovery is unclear but that it's "just a question of time".

Mohegan’s Inspire Entertainment Resort has signed a management agreement with Hanwha Hotel & Resorts for the operation of five-star hotel towers in the group’s new property in Incheon, South Korea.

Analysts are expecting Hong Kong’s Covid-19 outbreak to “get worse before it gets better”, which may delay the reopening of the Greater Bay Area to quarantine-free travel, and thus gaming recovery in Macau.

Funding issues have plagued PH Resorts’ Emerald Bay project, suffering another setback as its most recent investor, AppleOne, has pulled out. In this week’s Under the Scope, IGamiX Managing Partner Ben Lee points out how politics trumped business acumen, with banks holding all the cards.

Gross gaming revenue (GGR) in the world’s largest gaming hub is expected to recover 63 percent of 2019 levels by year-end versus the previous estimate at only 45 percent of the recovery rate, according to Jefferies Equity Research. 

South Korea reopened its borders to vaccinated travelers from April 1st, providing some relief for its foreigner-only casinos, but recovery is expected to be a long haul given the lack of Chinese visitation.