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Daily Asia Gaming eBrief: Tigre de Cristal sale allows focus on Philippines

Good Morning. Conflict does not always create opportunity. In the case of the LET Group, its decision to step out of the Russian gaming market with the sale of Tigre de Cristal, can help it focus its efforts on more profitable markets, such as the Philippines, notes expert Ben Lee in this week’s Under the Scope. Meanwhile, for Macau, analysts at HSBC say that gaming stocks remain a preferred option for Asian investors, despite the cash flow recovery having largely been played out. And in South Korea, Mohegan INSPIRE can move ahead with its casino opening, having achieved a five-star hotel rating.

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UNDER THE SCOPE

Tigre de Cristal

Tigre de Cristal sale allows focus on Philippines

The LET Group’s move to sell its stake in Tigre de Cristal means that the group can still get some return on its investment, as conflict and sanctions drive companies, and punters, out of Russia. IGamiX’s Ben Lee says the company can now focus on its Westside City project in Manila, with less fear of distraction, as the Philippines presents strong growth prospects.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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