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Hope for rise in Genting credit outlook as vaccinations increase: Fitch

Genting Group’s credit outlook may be upgraded to stable in the next six to nine months as vaccination rollouts in its key markets reduce...

Wynn Resorts CEO bullish on Macau, law changes not punitive

Wynn Resorts CEO Matt Maddox says he’s very, very bullish about the future of Macau and that he doesn't see recent amendments to the...

Kangwon Land earnings tipped to surpass pre-Covid levels

Kangwon Land earnings are likely to rebound strongly once restrictions ease and sales will beat pre-pandemic levels, analyst Hazel Lee writes.
Resorts World Sentosa (file)

Outlook for ASEAN gaming downgraded due to slow opening: MS

The outlook for Southeast Asian gaming stocks has been downgraded to "in-line" by analysts at Morgan Stanley, who cite the slow pace of reopening and potential drag from China's clampdown on overseas gambling.

Summit Ascent H1 buoyed by local pivot

Summit Ascent posted a 35% gain in 1H21 revenue as it pivoted its business to focus on the domestic Russian market to offset the impact of Covid.
Macau Tourism

Waiting game for Macau after lacklustre 2Q results

Macau operators continue to express confidence over pent-up demand, but the city is slow to get back on track, while gambling revenue in the U.S. surges.

Macau seen coming back stronger from Covid: MS

Morgan Stanley has added its take to analysts predicting a rosy future for Macau, saying the gambling hub will come back stronger than before due to lower expenses and a better operating mix.
Jeju island

Covid sparks innovation in domestic tourism

Covid has triggered a major tourism reset across Asia, with governments forced to pivot to the domestic market, which prior to the pandemic received little support in terms of finance and marketing.

Gaming topping other recreational sectors in consumer spend: Deutsche

The gaming sector has materially outperformed other recreational industries in the U.S. since Q3 of last year and that trend has accelerated into 2021, analysts from Deutsche Bank note.

Reef Casino income above 2019 levels in first four months

Reef Casino Trust said rental income from its property of the same name in Queensland was higher than in 2019 and it also expects May to be a strong month.

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