Macau's gross gambling revenue in the week to May 23 was up 12 percent from the prior week, but was still 6 percent lower than April, with the lower end tourism market comprising the majority of arrivals, according to Bernstein Research.
Interblock says it’s still seeing challenging times across Asia, with the ongoing travel restrictions forcing jurisdictions to extract as much value as possible from local markets. The company welcomes the Philippines’ lead in allowing local IRs to begin accepting online bets and says this may be a new area of opportunity.
Hong Kong police have arrested 18 people in a bust on a triad-controlled bookmaking syndicate that took in more than HK$3.4 billion ($438 million) in illegal bets on horse racing and football in the first four months of this year.
Macau's gross gambling revenue in the second week of June was down 24 percent from the prior week and off 51 percent from May due to ongoing restrictions in neighbouring Guangdong on new Covid outbreaks, according to Bernstein Research.
Nomura Research said it's retaining its "buy" rating, target and earnings forecasts for Genting Singapore despite potential negative news on Yokohama, as it had not factored potential upside from a Japanese license win into its calculations.