TagPubs and clubs
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 Mohegan’s $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.
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.
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.
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 “Overweight” and cites target price of A$46 per share from its current trading of A$34.11 per share.
Mohegan Tribal Gaming Authority’s 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.
Leading brokerage Bernstein raises concerns that, “Q3 has been trending worse (for Macau Gaming), as there were 41 days of Macau border closure.” Bernstein expects Greater China travel between Hong Kong, Macau, China and potentially Taiwan to be fully in place by year-end
The Hong Kong government’s decision to loosen mandatory quarantine requirements will reduce the burden on inbound travellers but do little to offset the territory’s near-term growth and fiscal pressures, says Fitch Ratings.
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
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, 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.
Recapping the first industry gathering post-pandemic in Manila, Ken Jolly, VP, and MD Asia, Light & Wonder stated that “we 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 here” - at the ASEAN Gaming Summit 2022.