Fitch Ratings has raised revenue forecasts for Genting Berhad, anticipating a return to 2019 levels by 2024 and 2025.

Las Vegas Sands has demonstrated ‘resilience and growth’ in its second-quarter 2024 performance, with the group to further leverage future property renovation completions in Macau, a dispatch by CreditSights indicates.

The ongoing Wynn Resorts joint integrated resort projects in Ras Al Khaimah's (RAK), UAE are expected to provide significant short-term growth momentum to the emirate, and serve as a catalyst to attract further investment, Fitch Ratings predicted in a recent analysis.

The ratings agency Fitch forecasts Macau's growth will remain strong at about 15 percent in 2024, supported by the assumption of further recovery in gaming tourism this year.

Fitch Ratings has expressed optimism regarding the outlook of Macau's gaming industry for the year 2024, citing a projected improvement bolstered by a steady recovery in inbound tourism.

The strong rebound in the Macau market is believed to be a significant driver of Las Vegas Sands' overall credit improvement, according to Fitch.

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

China’s aviation sector experienced a highly unbalanced recovery in 2023, primarily due to the lag in the recovery of international travel, note analysts at Fitch.

Rising from the ashes, a story Macau has seen many times. Analysts at Fitch are predicting that legacy gaming operator SJM will fully accelerate into 2024, and drive its Cotai property Grand Lisboa Palace to finally break-even (EBITDA-wise). This is boosted by increased tourism, despite air traffic in 2023 reaching just half of pre-pandemic levels. Regionally, Vietnam looks to take advantage of this, aiming for 18 million tourists this year. On the wide scope, gaming equipment companies finished 2023 on a high note, with the AGEM index up by 2.7 percent. And Imperial Pacific gets another reprieve, as its winding-up proceedings are further delayed in Hong Kong.

Fitch Ratings anticipates that SJM Holdings Limited will experience a positive free cash flow (FCF) in 2024, with further expansion in 2025-2026. This positive trend is expected to drive a reduction in debt balance from HK$ 29 billion ($2.7 billion) at the end of September 2023 to HK$ 26 billion ($3.3 billion) by the end of 2025 and HK$ 23 billion ($3 billion) by the end of 2026.