Saturday, November 28, 2020

INSIGHTS

Local VIPs buoy Genting’s Malaysia operations

Behind the sea of red in Genting Malaysia’s Q3 results, analysts found reason for cheer in the performance of its domestic operations, which generated a positive EBITDA of RM541 million ($133 million) in the quarter.

Interview with Vicky Melbourne: Taking the regional credit pulse [video]

Vicky Melbourne, head of industrials, property and consumer for South Asia and Southeast Asia at Fitch Ratings, talks with Asia Gaming Brief managing editor Sharon Singleton about the impact of Covid-19 on the credit profile of the region’s operators.

Macau VIP sector losing further ground

There have been some positive reports this week, talking about optimism over Macau’s medium-term future, led by the premium mass and mass markets.

Financing of Jeju Dream Tower completed

Lotte Tour Development has announced that its flagship Jeju Dream Tower, a KRW1.6 trillion (US$1.4 billion) project, is now completely financed.

Outlook brightens from H2, Fitch says

Jurisdictions benefiting from local support will continue to outperform in the first half of next year, with destination markets such as Singapore, Macau and Las Vegas, likely to begin a faster pace of recovery in the second half once vaccines become more widely available, Fitch Ratings said.

Delays and doubts over Yumeshima transport infrastructure

If the IR policy delays have created a threat to Yokohama’s plans that are primarily political, the deepest concerns for Osaka arguably relate to its effect on transportation infrastructure to the man-made island of Yumeshima.

Local demand drives surprise Singapore earnings beats

Singapore’s two integrated resorts surprised analysts with the strength of their most recent results, despite higher entry fees for locals and a lack of international travel. 

Rough sailing for Japan’s pachinko industry

The board of Dynam Japan Holdings, the largest pachinko firm if measured by the number of its outlets, has provided some insight into how this industry has fared in the year of the coronavirus.

Crown on Fitch downgrade watch on regulatory rap risk

A “heightened risk of severe regulatory action” has prompted Fitch Ratings to put Crown Resorts on credit watch negative for a potential ratings downgrade.

Kazakhstan gambling law to cut tax collection, boost black market

In early July, the Mazhilis of the Parliament of Kazakhstan made amendments to the current gambling law. The new legislation was signed by the President of the Republic of Kazakhstan Kassym-Zhomart Tokayev.

Darang Candra says 2020 a double-edged-sword for esports [Podcast]

Darang Candra, director of Southeast Asia for Niko Partners speaks with Asia Gaming Brief asia editor Felix Ng about...

Jeju debates measures to boost its casino industry

A seminar held at the Jeju Tourism Organization building offered a debate and a rich discussion about the best means of boosting the island’s casino industry, both in relation to the Covid-19 pandemic and in the face of its long-term challenges.

Macau prospects bright, but visa issuance continues to drag

The indicators are lining up and pointing to a positive future for Macau, however, without the improvement of visa processing in China, the recovery is likely to continue at its current steady pace.

India’s esports industry races ahead

India’s online gaming revenue is expected to jump by 45 percent this year as players turned to their mobiles during Covid-19 mandated lockdowns, with the esports one of the fast growing stars of the segment.

Covid-19 vaccines: What it really means [Infographic]

This week's "By The Numb3rs" by Asia Gaming Brief comes just after the announcement of Pfizer and Moderna's covid-19 vaccine, which is now nearing the end of its stage 3 clinical trials - complete with promising results.

One step backward, one step forward for South Korean gaming

It’s one step backward and one step forward for South Korea’s gaming industry this week or, in another framing, bad news in the north and good news in the south.

Operator stocks fall as Covid clusters reemerge

After the vaccine-induced stock euphoria earlier this month, Covid-19 has returned to dampen investor enthusiasm.

Power of the pandemic revealed once again

News on Saturday that Singapore and Hong Kong will not be launching their anticipated travel bubble due to a spike of new Covid-19 cases in the Chinese territory has highlighted once again the fragile nature of business planning in the era of the pandemic.

Bergin at the center of industry change

Patricia Bergin SC, 71, is the presiding Commissioner over the high-profile inquiry into Crown Resorts’ suitability to hold a Sydney casino license. 

Indian states lining up to ban online gambling

Amidst a series of contradictory signals, it now appears that the governments of many Indian states are lining up to ban online gambling, now that the practice has gained greater public attention during the period of the Covid-19 lockdowns.

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