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Universal Entertainment credit rating cut by Fitch
Universal Entertainment's credit rating has been cut by Fitch Ratings, which says that unless there is a significant improvement in cash flow in the second half or the company manages to raise funds, it may not be able to meet a debt payment due in December.
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.
Fitch sees 70% Q2 revenue drop for Okada, downgrades Universal
Fitch Ratings has downgraded Universal Entertainment’s credit rating due to the impact of the coronavirus on the gaming industry and said it expects the group’s Okada Manila property to post a 70 percent drop in Q2 revenue.
Summit Ascent gets downgrade over tax hike: Union Gaming
Gaming brokerage firm Union Gaming says it is downgrading its view of Summit Ascent Holdings due to the recent news of a two-fold increase...
Moody’s downgrades China credit rating
Moody’s Investor Service downgraded China’s credit rating on Wednesday from Aa3 to A1, saying it expects an erosion in the financial strength of the...
Imperial Pacific earns Fitch downgrade
Fitch Ratings has downgraded its rating for Hong Kong-listed Imperial Pacific International Holdings Limited, after concerns it has still not yet secured sufficient long-term...
Moody’s mulls potential Imperial Pacific CFR downgrade
Imperial Pacific International Holdings Ltd., the operator of a casino in Saipan, may see a downgrade in its credit rating at Moody’s Investors Service.
The...
S&P lowers outlook for Studio City bonds
Ratings agency S&P Global Ratings has lowered its outlook for Studio City Casino Macau bonds, warning the project could soon default on its loan.
According...
Wynn Resorts downgraded from Buy to Neutral: UBS
UBS has downgraded Wynn Resorts from Buy to Neutral, as it was already nearing its target stock price, and will likely face difficulty in...
Genting Singapore too much cash: Bernstein
Bernstein has downgraded Genting Singapore from Outperform to Market Perform as a result of a significant amount of cash held in the company’s balance...
Australasian Gaming Expo (AGE) 2021
The Australasian Gaming Expo (AGE) is the place to see new products and services, network, attend thought-provoking seminars, seek business partners and generate sales....
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings – June 2021 Edition
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
Asia Gaming Briefings – April 2021 Edition
In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Asia Gaming Briefings – Feb 2021 Edition
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.