Saturday, May 25, 2024

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Wealthy locals drive Singapore’s mass GGR record: Maybank

The surge in housing prices was the primary driver behind Singapore's mass gross gaming revenue (GGR) surpassing pre-COVID levels, according to Samuel Yin Shao Yang, associate director at Maybank Investment Bank.

Maybank trims Genting Singapore’s core net profit forecasts by 12 percent

After having a meeting with Genting Singapore management, analyst Samuel Yin Shao Yang at Maybank cuts its core net profit forecasts by 12 percent and EBITDA forecast by 14 percent for 2023.
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Genting Malaysia is top pick for Maybank as theme park debuts [video]

Genting Malaysia finally opened the gates to its long-delayed theme park this week, which is expected to pull in the crowds to the Genting Highlands resort. Samuel Yin Shao Yang, an associate director of Maybank Investment Bank, puts some numbers to how the park will benefit the Malaysian operator.

Maybank raises Genting Singapore 2020 EBITDA estimate by 425%

Maybank associate director Samuel Yin Shao Yang has raised its estimate for Genting Singapore's 2020 EBITDA by 425 percent after the operator turned a surprise profit in Q3.

Thailand could open first casino by 2029 ahead of MGM Osaka

Amid an accelerating move towards casino legalization in Thailand, the country could see its first Entertainment Complexes (EC) by 2029, according to research by Maybank Investment Bank.

Genting Malaysia’s leisure and hospitality biz up 23% in FY23

Global casino operator Genting Malaysia has reported a continuous improvement in its performance due to further recovery from the COVID outbreak.

Maybank trims Genting Singapore profit estimates despite optimistic outlook

Although maintaining a ‘cautiously optimistic’ outlook for Genting Singapore in 2024, Maybank cuts its EBITDA and core net profit estimates by 6 percent and 11-12 percent, respectively.

Air links and visas key for China’s outbound travel rebound

Research highlights air links and visa issues as key contributors to China's outbound travel rebound in 2024. As more Asian countries waive visa requirements for Chinese travelers, casinos in the region stand to benefit.

Visa-free policy with few impacts on Malaysia’s gaming industry: Maybank

Visa-free entry for Chinese citizens may have a negligible impact on Malaysia's gaming industry, according to a Maybank analyst.

Singapore’s massive money laundering scandal leaves VIP market unscathed: Maybank

An analyst at Maybank states that there is no discernible impact on the VIP market after Singapore seized a massive money laundering case.