Friday, September 13, 2024

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SJM achieves positive EBITDA for satellite casinos for the first time since pandemic: CBRE

SJM Holdings Limited has managed to improve operation results thanks to reduced costs in satellite casinos and upgrades in its main properties, analysts from CBRE Equity Research pointed out.

Galaxy’s strong finances fuel growth in Macau and potential entry into Thailand: CBRE

Galaxy Entertainment Group (GEG) is well-positioned to 'invest heavily' in growth opportunities in Macau and potentially other jurisdictions, such as Thailand, while still returning capital to shareholders through dividends, says CBRE.

Mohegan’s outlook improved on strength of INSPIRE project: CBRE

Mohegan has seen its financial outlook improved, say CBRE analysts, thanks to progress in its South Korean project, which is ramping up revenue faster than expected.

UAE first federal lottery license ‘significant step’ to legitimize commercial gaming sector: CBRE

The United Arab Emirates (UAE) General Commercial Gaming Regulatory Authority (GCGRA) launched its official website and issued its first federal lottery license, in a move hailed as a significant step towards legitimizing the Emirates' commercial gaming sector.

Gavin Isaacs brings ‘stability and expertise’ to Entain: CBRE

The appointment by Entain of Gavin Isaacs as its new Chief Executive Officer should bring 'stability and expertise' to the global sports betting and gaming entertainment group as it embarks on its next phase of growth, indicates CBRE Equity Research.

Promising outlook for Macau gaming and SJM amid China concerns: CBRE

Despite concerns of China's macroeconomic outlook, CBRE Research has expressed optimism about the prospects for Macau's gaming market and SJM Holdings.

UAE to emerge as the next gaming frontier: CBRE

The United Arab Emirates (UAE) emerges as a promising domain for gaming aficionados and astute investors alike, according to CBRE Institutional Research.

Mohegan INSPIRE to show positive EBITDA results already in 2024: CBRE

Analysts with CBRE are forecasting that Mohegan's INSPIRE integrated resort could see EBITDA turn positive in 2024, and reach $150 million by 2027.

Galaxy market share declined in Q4 2023 compared to pre-pandemic period – CBRE

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.

SJM Resorts’ satellite casinos recovery hindered by excess costs: CBRE

Satellite casinos in Macau face a longer road to recovery with excessive costs and labor related to five shuttered casinos, according to CBRE Securities in the latest investment memo regarding SJM Resorts.