Saturday, April 27, 2024

Search Results

Singapore’s gaming revenue expected to grow 10 percent in 2024: Fitch 

Ratings agency Fitch expects gaming revenue in Singapore to grow by 10 percent in 2024, following a 2023 return 15 percent higher than pre-pandemic levels.

Daily Asia Gaming eBrief: Philippines AML compliance is a responsibility of the casino operators

The Philippines is fighting to get itself off the Financial Action Task Force (FATF) graylist, with numerous criteria still to fulfill. Amongst them is junket oversight, which still falls under the purview of the casino - given the location on the gaming floor. Despite increased efforts by authorities, the nation needs to be able to prove to the FATF that it's trying to change, and implementing stringent oversight measures.

Macau government disagrees with Moody’s over ‘negative’ outlook

The Macau government has expressed its disagreement with Moody's decision to downgrade the region's economic outlook from "stable" to "negative," as announced by the credit rating agency.

Daily Asia Gaming eBrief: Macau mass can’t fill the void left by VIP

Although Macau is roaring back, with strong visitation numbers and an increase in mass, the void left by transitioning away from VIP means that the gaming hub can't reach pre-pandemic levels this year. According to expert Wang Changbin, Macau's non-gaming events are securing new demographics of punters, in line with government mandates to promote events and lure in foreign clientele.

Melco Resorts credit rating upgraded due to Macau’s fast recovery: Moody’s 

Moody's Investors Service has upgraded Melco Resorts Group's credit rating from 'negative' to 'stable' due to the fast recovery in Macau.

Genting Malaysia outlook ‘stable’: Fitch Ratings

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

Genting Berhad delivers strong 1H23 results

Genting Berhad has seen a 14 percent growth in revenue during the first half-year period, totalling RM2.47 billion ($531 million), despite adjusted EBITDA falling by 28 percent to RM447.9 million ($96.43 million).

Your Daily Asia Gaming eBrief: AGI aims high with new hotels and airport expansion plans

Alliance Global is putting its money where its mouth is, announcing big plans to expand its hotel capacity to 11,000 rooms, with six new sites already identified.

Your Daily Asia Gaming eBrief: Treasure Island to make Macau debut this summer

Macau is gaining yet another large-scale hotel property, this time on its peninsula, with the long-awaited Treasure Island 600-room hotel expected to hold a soft-opening this summer, while its shopping center will only ramp up by the fourth quarter.

Moody’s downgrades NagaCorp’s CFR, citing an absence of refinancing progress for its $472 million bond

Moody's Investors Service has downgraded NagaCorp Ltd.'s corporate family rating (CFR) and senior unsecured rating on the company's US dollar bond. Moody's has also changed its outlook to negative from ratings under review.