As we all know, the industry has been hit hard, and some countries have had more prolonged and repeated impacts than others. So, it’s been a two-stage ‘recovery’ with Macau now leading the way, and other countries seemingly recovering and then going backwards into lockdown again. We are very hopeful for our customers that we will see a stronger bounce back on reopening as we have seen in other countries, such as Australia and in the USA.
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.