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J.P. Morgan initiates coverage of The Lottery Corp. at overweight

The Lottery Corp has been assigned an overweight rating with a price target of $5.15 by analysts at J.P. Morgan, who says few companies generate capital as effectively as the Australian lottery provider.

Entain 1H22 gaming revenue rises 18%, but economic uncertainty weighs

U.K.-listed Entain reported an 18 percent gain in net gaming revenue in the first half of the year, but said that a weaker economic environment is beginning to eat into customer spend in its online business.

Suncity stock surges 137% as Andrew Lo confirmed as majority shareholder

Suncity Group Holdings stock soared 137 percent on resumption of trading in Hong Kong on Thursday after executive director Andrew Lo was confirmed as majority shareholder.

Macau says no lockdown as cases rise to 1,215

Macau authorities have reiterated that they have no plans to impose a Mainland-style full city lockdown even though the number of new cases rose by a further 128 as of Wednesday.

Sri Lanka’s new government approves issuance of casino licenses

Sri Lanka’s new government, which is seeking to bring the economy back from its worst crisis since independence, has agreed to issue new casino licenses.

Wynn loses COO Ciarán Carruthers, bound to take over at Crown Resorts from Steve McCann

Ciarán Carruthers, who has just resigned as COO of Wynn Macau, will be replacing Crown Resorts’ Steve McCann gone two weeks after the takeover from private equity firm Blackstone.

Suncity Group to resume trading Thurs. ahead of ruling on mandatory offer

Suncity Group Holding said it has requested its stock resume trading on the Hong Kong Stock Exchange on Thursday pending a decision on whether it needs to make an offer for all outstanding stock not owned by executive director Andrew Lo and other directors.

RWLV tipped for stronger second half as Las Vegas tourism gains: HongLeong

Genting BhD’s Resorts World Las Vegas has seen improving momentum, which should continue in 2H22 due to rising tourism and MICE events in the city, writes HongLeong Investment Bank.

Bidding war heats up for Aquis’ Casino Canberra

Aquis Entertainment said the third-party seeking to trump a bid by Capital Leisure for its Canberra casino is Iris CC Holdings, which has now offered $60 million.

Wynn Macau President Ian Coughlan to step down

Wynn Macau President Ian Coughlan plans to step down from his executive position and will become a consultant to the company. 

UPCOMING EVENTS

UPCOMING EVENTS