Monday, December 17, 2018

Macau

Macau operator stocks may see short-term rally: MS

Shares in Macau’s casino operators may rally in the short term following better-than-expected November gross gambling revenue, an easing in trade tensions between the U.S. and China and increased visitation after the opening of a bridge between Hong Kong, Macau and the mainland, Morgan Stanley forecasts.

Macau Nov. GGR gains 8.5 percent, topping expectations

Gross gambling revenue for November rose 8.5 percent, beating analysts’ expectations with signs of a rebound in the VIP sector.

Package tour visitors down 2 pct year-on-year in Oct

Package tour visitors fell 2.0 percent year-on-year in the month of October, reaching 784,000, according to data from the Statistics and Census Service (DSEC). This...

Kingston Financial gaming revenue up, but profit down

Kingston Financial posted a 35 percent year-on-year decline in profit for the six months ended September 2018, mainly due to a one-time write off...

Emperor Ent. interim profit up, revenue down

Emperor Entertainment Hotel Ltd, the company behind the Grand Emperor Hotel, reported an 8.7 percent profit increase in the six months ended September 30,...

Asia Live Tech announces AGB as official media partner

In line with Asia Live Tech’s global expansion, the company has recently selected Asia Gaming Brief as its Official Media Partner. Asia Live Tech...

Studio City IPO a positive for Melco: Bernstein

Studio City’s October IPO event is being viewed as a positive event for Melco Resorts, according to a note from Bernstein released on Tuesday....

The 13 operator reports widened loss in six months

South Shore Holdings Limited, operator of The 13 in Macau, posted a significantly widened loss of HK$433.6 million (US$55.4 million) for the six months...

Global gaming growth to decelerate in 2019: Fitch

Global gaming growth is expected to decelerate with the slowdown of the Chinese economy, stiffening European regulations and the tapering of recovery in Las...

Success Dragon reports narrowed loss in six months ended Sept 30

HK-listed Success Dragon posted a narrowed loss of HK$13.5 million (US$1.7 million) for the six months ended September 30, 2018, down from a loss...

TRENDING ARTICLES

Japan a key focus at MGS Entertainment Show

The upcoming Japanese IR market was a focus of the second day of the Macao Gaming Show, held at the Venetian Expo Hall in...

The 13 operator reports widened loss in six months

South Shore Holdings Limited, operator of The 13 in Macau, posted a significantly widened loss of HK$433.6 million (US$55.4 million) for the six months...

SKYCITY faces Queenstown license dilemma

SKYCITY has a problem in Queenstown, New Zealand’s premier resort town and it knows there are no easy solutions.

14 now charged in race-fixing inquiry

Twelve more charges alleging race fixing have been laid against nine defendants including one new defendant in the New Zealand Police’s race-fixing inquiry. This...

Global gaming growth to decelerate in 2019: Fitch

Global gaming growth is expected to decelerate with the slowdown of the Chinese economy, stiffening European regulations and the tapering of recovery in Las...