Tuesday, May 21, 2019

Macau

JP Morgan sees upside in Sands China

JP Morgan says Sands China Ltd has the biggest upside of the territory’s casino operators because of its exposure to mass-market gaming. This means...

Mass market gaming continues to pull ahead, Wells Fargo says

Wells Fargo Securities said mass market gaming revenue growth is outpacing that of the VIP sectors, gaining 34.8 percent so far this year,  compared with...

Macau casinos push for separate smoking rooms

Macau’s casinos would like to establish smoking rooms, without gaming facilities inside, much in the way airport lounges provide space for smokers, local media...

Massachusetts gaming report talks of unlicensed credit

A report from the Massachusetts Gaming Commission’s Bureau of Investigations and Enforcement has found that sub-junkets, which are below the level of officially licensed...

Goldman Sachs downgrades Melco Crown in favour of MGM

Goldman Sachs has downgraded Melco Crown from Conviction Buy to Buy, but has upped its price target to $43.00 from $34.10. MGM China replaced...

Iao Kun says low win rates in Oct., Nov. to hurt results

Iao Kun Group Holding Co. says it’s unlikely to meet its non-GAAP income guidance for 2013 because of low win rates in October and...

Melco Crown expands non-gaming attractions with Soho project

Melco Crown Entertainment is expanding its non-gaming attractions, with a project styled on London’s Soho District, local media cited CEO Lawrence Ho Yau Lung...

First Natural Foods to buy Hengsheng for HK$400 Mln

First Natural Foods said it agreed to buy Hang Seng Sociedade Unipessoal Limitada, a junket operator which runs seven VIP rooms in Macau, for...

Smoking ban in Macau’s casinos “unsatisfactory”

The enforcement of smoking bans in Macau’s casinos has been unsatisfactory and 16 establishments that failed a second-round of air quality tests will have...

Macau gaming stocks to lag, despite positive news flow, Credit Suisse says

Macau’s gaming stocks are likely to continue to lag Hong Kong’s Hang Seng index, with the stock prices seeming to have become immune to...

TRENDING ARTICLES

Sands China invests in green technology for its properties and fleets

Macau gaming operator Sands China is investing in a number of initiatives to reduce its impact on the environment, such as solar panels, recycling...

PAGCOR Q1 profit up 9.5 percent

Philippine Amusement and Gaming Corp (PAGCOR) saw its profit climb 9.5 percent to P1.6 billion (US$30 million) during the first quarter of 2019, mainly...

Kansai IR Expo reveals rapid growth of the gaming industry

The scale of the Kansai IR Industrial Expo held in Osaka on May 15 and 16 testified to the rapid rate of growth of the gaming industry in Japan as it was clearly much larger than its predecessor event held a year ago in the same city.

Parañaque court affirms Okada warrant of arrest

A Parañaque City trial court has affirmed the warrant of arrest issued earlier this year against Japanese gaming mogul Kazuo Okada, local media reports. Okada’s...

Summit Ascent announces board changes after Suncity hikes stake

Summit Ascent Holdings has announced board room changes after Suncity Group Holdings increased its stake in the operator of Tigre de Cristal earlier this month.