Sunday, December 5, 2021

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APAC gaming to remain challenging in 2022, with full recovery from 2023: Fitch

The outlook for Asia Pacific's gaming industry remains challenging next year, with a return to full visitation and pre-pandemic revenues not seen until at least 2023, or 2024, Fitch Ratings forecasts.

APAC tourism to return faster than business travel in 2022: Fitch

Tourism is likely to rebound faster than business travel in the Asia Pacific region in 2022, with the operating environment for airports likely to improve, Fitch Ratings said.

Aristocrat legacy gaming revenues to fully recover by 2022: Fitch

Fitch Ratings on Thursday said it expects gaming supplier Aristocrat Leisure to fully recover its legacy gaming revenues to pre-pandemic levels by 2022, aided primarily by its robust gaming business in North America.

Fitch Ratings assigns final B+ IDR to Empire Resorts

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 upgrades Empire Resorts IDR to B+

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.

Hope for rise in Genting credit outlook as vaccinations increase: Fitch

Genting Group’s credit outlook may be upgraded to stable in the next six to nine months as vaccination rollouts in its key markets reduce...

Fitch maintains negative watch rating on Crown Resorts

Fitch Ratings on Wednesday said it has maintained its negative watch rating on Crown Resorts, given that the outcome and impact of regulatory actions...

Fitch flags delayed Macau, Singapore recovery, MBS expansion

Fitch Ratings on Tuesday affirmed its negative ratings outlook for Las Vegas Corp, Sands China and Marina Bay Sands, as a result of slower than expected market recovery.

Your Daily Asia Gaming eBrief: Fitch expects Macau recovery in 2024, Vegas in 2023

Philippines president Rodrigo Duterte has exhibited a slight change of heart, admitting that the revenues from online gambling has been necessary for the government to fight the spread of Covid-19. That being said, don’t get your hopes up for a turnaround on policy, as the president has reiterated his disdain for the industry.

Fitch expects pre-pandemic for Macau in 2024, Las Vegas in 2023

Analysts at Fitch Ratings say that they are expecting Macau's gaming industry, based upon its gross gaming revenue (GGR), to recover to pre-pandemic levels by 2024.