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Summit Ascent GGR to rise 190% for two years: BoA
Bank of America/Merrill Lynch has added its voice to other recent commentary pointing to significant upside for Summit Ascent due to optimism over its projects in Russia and the Philippines.
Philippines’ gaming tax regime provides advantage
The Philippines’ gaming tax regime puts it at an advantage over some Asian peers and makes the business commercially viable, according to gaming industry consulting firm The Innovation Group.
Macau hotel occupancy sees “meaningful” improvement: MS
Hotel occupancy rates in the run up to and during the Golden Week holiday are seeing “meaningful” improvement, but average daily rates remain weak, Morgan Stanley says in a note.
All in at G2E
Betradar, a supplier of sports and betting-related data, will present its highly diversified product portfolio, including the latest innovations in betting, content and gaming...
Macau’s drive for diversification faces uphill climb
As Macau tries to emulate the Las Vegas model and set itself on a path of diversification, the city’s biggest strength - its proximity...
Macau casino industry lacks sustainable development says academic
There is an imbalance, limited consensus and lack of sustainable development within Macau’s tourism and casino industry, an academic from Macau University wrote in...
UBS takes less cautious view on Macau
UBS analysts said they are moving away from a cautious view of Macau’s gaming industry and taking a more constructive stance following the recent...
Galaxy chairman says Phase II weak though early days
Gambling at Galaxy’s recent expansion has been weaker than expected, chairman Lui Che Woo told reporters in Hong Kong after the company’s annual general...
Melco Crown stock leads decline in HK trading
Melco Crown Entertainment Ltd. is leading the decline in Hong Kong trading, down 5.1 percent to HK$50.85, after stocks tumbled amid several analysts slashing...
Galaxy delivers solid opening as competition likely to intensify: UBS
Galaxy Entertainment Group delivered a “solid opening” of the $2.7 billion Galaxy Macau phase 2 and Broadway Macau properties, said UBS, with Broadway bringing...