Fitch Ratings has assigned a first-time 'BB-' Issuer Default Rating (IDR) to the Wynn Resorts group, together with a 'stable' outlook.

Fitch Ratings Inc. has upgraded the Philippines' economic outlook from ‘Negative’ to ‘Stable’ in its latest revision released on Tuesday.

Fitch Ratings has considered the outlook of Malaysian tourism and gaming group Genting Malaysia Berhad's (GENM) as 'stable' in a recent dispatch.

Recovery in Macau and Singapore has prompted rating agency Fitch to maintain its BB+ rating for Las Vegas Sands, with the group's outlook changed from 'negative' to 'positive'.

Fitch Ratings has assigned a final Issuer Default Rating (IDR) of ‘BB’ to Light & Wonder and Scientific Games International (together classified as LNW), noting that its ‘credit profile remains consistent with ‘BB’, due to robust free cash flow generation, strong liquidity, and still conservative leverage’.

Driven by the gaming sector's robust revenue recovery, Fitch Ratings revised Outlooks on Genting Berhad and its wholly owned subsidiaries, Genting Overseas, and Resorts World Las Vegas LLC, to Stable from Negative.

Fitch Ratings latest research paper on the North American gaming industry sounds warning bells on an anticipated drop in the revenues from Las Vegas in 2023.

Fitch Ratings has assigned Empire Resorts, a company 49 percent owned by Genting Malaysia Bhd, a final “B+” long-term issuer default rating following the completion of a recapitalization that included $300 million of senior secured notes, a new $75 million HoldCo loan, and a $150 million preferred equity investment by GENM.

Fitch Ratings has upgraded the Issuer Default Rating (IDR) of U.S. casino operator Empire Resorts to B+, reflecting an improved stand-alone credit profile due to a just-announced recapitalization.

Analysts at Fitch Ratings are estimating that Macau’s gross gaming revenue will reach 90 percent of pre-pandemic levels (2019 GGR: MOP292.45 billion/$36.48 billion) by 2025, with 2023 reaching 50 percent of pre-pandemic levels, increasing to 70 percent by 2024.