TagMacau local infections
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.
Imperial Pacific International (IPI) and the Commonwealth Casino Commission have said they are closing in on a settlement that may allow the casino to reopen, even as the regulator has given the green light for a sale of the company’s gaming assets.
SJM Holding’s Grand Lisboa Hotel in Macau has been locked down after 13 Covid cases were tracked to the property.
Genting Malaysia, which struggled to return to profit in 1Q22, is facing a brighter future as Covid restrictions ease and Resorts World Genting ramps up operations, Hong Leong Investment Bank says.
Macau began another round of mass testing on Monday as the number of Covid cases continued to rise, topping 900.
The Macau government has published long-awaited guidelines for the re-tendering process for its six casino concessions, though the broad brush outline is still short on specifics, industry observers say.