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Mohegan adds $73 million to Inspire Resort and maintains the 2023 deadline
Based on the notes reflected in the second quarter financials, in the first week on August 2022, Asia Gaming Brief (AGB) reported on how the construction work was progressing at Moheganโs $5billion Inspire Resort project, the news now gets more solidified, as the company top-ups the credit for the Korean Project facilities adding $73 million, 13 percent up, from its previous fund allocation.
Las Vegas revenues โlikely to dipโ in 2023: Fitch Ratings warns
Fitch Ratings latest research paper on the North American gaming industry sounds warning bells on an anticipated drop in the revenues from Las Vegas in 2023.
GTA appoints Chair, Anthony Ball, and Vice Chair, Cameron Louis, at AGE 2022
The Gaming Technologies Association (GTA) confirmed the appointments of Anthony Ball as Board Chair and Cameron Louis as Vice Chair at an announcement made at the Australasian Gaming Expo (AGE) 2022.
J.P. Morgan โOverweightsโ Aristocrat shares
With most of the competitors of Aristocrat Leisure Ltd, based on opportunities in revenue stable gaming operations segment and possible growth dynamics amidst challenges in digital space, leading brokerage establishment J.P.Morgan has rated ALL share as โOverweightโ and cites target price of A$46 per share from its current trading of A$34.11 per share.
Moheganโs profit up 1.5 times at $59.4 million for 2Q22
Mohegan Tribal Gaming Authorityโs consolidated net profit for the quarter ended on June 30, grew significantly almost 1.5 times on a year-on-year basis aided by reasonable growth in top-line and operating income.
China low consumer confidence to impact Macau gaming revenues: Bernstein
Leading brokerage Bernstein raises concerns that, โQ3 has been trending worse (for Macau Gaming), as there were 41 days of Macau border closure.โย Bernstein expects Greater China travel between Hong Kong, Macau, China and potentially Taiwan to be fully in place by year-end
Quarantine tweaks unlikely to solve Hong Kongโs economic troubles: FITCH
The Hong Kong governmentโs decision to loosen mandatory quarantine requirements will reduce the burden on inbound travellers but do little to offset the territoryโs near-term growth and fiscal pressures, says Fitch Ratings.ย
Macau underperformance catalyzes conservative target price revision of Wynn shares
Macau underperformance catalyzed conservative target price revision of Wynn shares, most of the leading brokerages have conservatively revised the target price of shares of Wynn Resorts Ltd and Wynn Macau Ltd
Landing International issues profit warning on gaming business uptick
Hong Kong-headquartered Landing International issued a profit warning anticipating rise in the net revenues and decline in losses for the second quarter of 2022 which ended on June 30.
BetMGM taps actor Jerry Ferrara as brand ambassador, content creator
BetMGM, a leading sports betting and iGaming operator, announced today the signing of actor Jerry Ferrara as a celebrity brand ambassador and its newest podcast host.
Industry keen to reconnect at gaming summits post COVID
Recapping the first industry gathering post-pandemic in Manila, Ken Jolly, VP, and MD Asia, Light & Wonder stated that โwe are hearing around the world after COVID that people are wanting to go back to shows and get back to summits. You have proven it hereโ - at the ASEAN Gaming Summit 2022.