Melco Resorts Chairman and CEO Lawrence Ho told a conference call that he still sees Japan as “the best potential new gaming market globally.”
Jennifer Song, equity analyst with Morningstar, speaks with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a key catalyst for growth.
The last two of Macau’s operators released Q4 results on Thursday, with both returning to profit at the EBITDA-level and expressing confidence in the market recovery.
Cambodia and Macau are expected to lead the recovery in Asia-Pacific gaming this year, trailed by Singapore and the Philippines, according to a report from Colliers International. Cambodia's gross gambling revenue may hit 60 percent of its pre-Covid base.
Success Universe said it expects to post a 2020 loss of between HK$130 million to HK$150 million compared with a profit of approximately HK$74.2 million for 2019, in part due to losses at its Ponte 16 property in Macau.