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.
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.
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 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.
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.
International Game Technology (IGT) announced that it has completed its previously announced acquisition of iSoftBet, a leading igaming content provider and third-party game aggregator, for approximately €160 million in cash.
FMacau is likely to avoid any long-term effects from a potential global recession, said analysts at Bernstein Research, pointing to the fact that the U.S. gambling industry has shown no signs of any impact from the slowing economy.
Some of Asia’s main tourism destinations have seen a strong pick up in international visitors this year, although it will be a long road before they reach pre-pandemic levels, with road bumps along the way.