Saturday, December 7, 2024

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Stanley Choi resigns as chairman of International Entertainment

Hong Kong-listed International Entertainment has announced the resignation of Dr Stanley Choi as executive director and chairman of the board, with effect from March 31, 2022.

SJM to resume dividend payments only in 2026: Morgan Stanley

Macau gaming operator SJM Holdings may only resume dividend payments in 2026, as its top priority remains deleveraging, according to a report from Morgan Stanley.

City of Dreams Sri Lanka hotel opens, casino debuting mid-2025

Luxury hotel "Cinnamon Life at City of Dreams Sri Lanka" opened in Colombo on October 15th, with the casino scheduled for mid-2025.

Fortune recognizes Pansy Ho and Linda Chen among Asia’s most powerful women

Pansy Ho of MGM China and Linda Chen from Wynn Macau, two influential women in Macau’s gaming industry, have been named in Fortune’s 2024 “Most Powerful Women in Asia” list.

Morgan Stanley sees Wynn’s UAE and Macau ventures as key growth drivers

Wynn Resorts Limited is attracting fresh attention from investors, with Morgan Stanley Research highlighting significant growth potential from the company’s major developments in the...

Macau hotels maintain stability for October Golden Week despite China’s consumer weakness

Macau's hotel sector is displaying notable stability for the October 2024 Golden Week, according to Morgan Stanley.

Economic diversification away from gaming, a clear directive from Chinese gov’t: Sam Hou Fai

The development of the gaming sector in Macau has made the city's economy "unbalanced", with the diversification away from the industry being an imperative from Chinese central authorities and a directive "backed by most of the population", says Sam Hou Fai, the sole official candidate for the next Chief Executive of Macau.

Moderate growth expected for Macau gaming in August: Morgan Stanley

Morgan Stanley analysts forecast Macau's August 2024 Gross Gaming Revenue (GGR) will reach $2.35 billion, a 1 percent increase month-over-month, lower than the normal seasonal uptick of 3 percent, but a 9 percent yearly jump.

Macau 2Q24 industry property EBITDA likely down 4% QoQ: Morgan Stanley

Brokerage Morgan Stanley expects that Macau’s gaming industry property EBITDA will decrease by 4 percent, amounting to US$1.97 billion, from the previous quarter.

Singapore’s gaming market poised for continued growth: Morgan Stanley

The Singapore gaming market has emerged as a shining star in Asia's post-pandemic recovery, outpacing the once-dominant Macau in key performance metrics, according to Praveen Choudhary, Managing Director of Morgan Stanley Asia Limited.

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