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JP Morgan warns on Macau stocks until VIPs return

Gambling on pent-up demand and hopes that the big rollers would return, analysts at J.P. Morgan made a bet on the gambling capital of the world. They are now cutting their losses.

Stanley Ho’s passing should not have impact on SJM: Analysts

The death of Stanley Ho is not expected to have any impact on SJM Holdings’ operations, given Ho’s limited involvement in the business since...

Genting Spore Q1 beats estimates, but analysts cautious on outlook

Genting Singapore Q1 results topped expectations, mainly helped by a higher luck factor, though analysts say they are cautious about near-term prospects.  

New openings drive Genting gaming volume: RHB

The rollout of new facilities at Resorts World Genting has helped to boost gaming volumes in Q1 and the operator is well placed to...

Macau GGR set for new records: Bloomberg

Gross gambling revenue in Macau is likely to rise 14 percent in 2018 before moving on to set record highs in 2019, Bloomberg reported,...

Macau 17Q2 GGR to decelerate as VIP slows

Gross gambling revenue is likely to gain more than 16 percent in Q2, but will be down about 5 percent sequentially from Q1, while...

Analysts watching for guidance on premium mass: DB

Analysts are likely to be watching for any commentary from management on the performance of the premium mass sector during the upcoming round of...

New smoking legislation to crimp VIP revenue

Macau’s new smoking regulations could crimp VIP revenue, but overall the impact will be relatively limited, JP Morgan said in a note. The firm said...

Macau 2017 estimates raised at Morgan Stanley

Macau’s gross gambling revenue is likely to grow by 10 percent in 2017, according to analysts at Morgan Stanley, who raised their forecast from...

LVS Q3 tops estimates, says Macau improving

Las Vegas Sands posted Q3 results that topped analysts’ forecasts as the Macau market returned to growth. Earnings for the quarter were at $0.72 per...

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