AGBrief Editorial
Macau post-Golden Week GGR drops more than expected: Bernstein
Macau gross gambling revenue dropped 53 percent from May 9 to 16, compared with the first eight days of May, slowing more than expected after the Golden Week holiday, Bernstein Research said.
Aristocrat half-year normalised EBITDA rises 6%
Aristocrat said it had seen "exceptional product performance and customer engagement, coupled with stronger-than-expected consumer sentiment in North America and Australia, New Zealand" in the six months to end March.
PH Resorts pushes back Emerald Bay opening to 3Q, 2022
PH Resorts said it now expects to open its Emerald Bay resort on Cebu in the Philippines in the third quarter of 2022. It had earlier said it was pushing hard for a soft opening late this year.
Victoria probe told Crown official lied about China arrests
A Royal Commission investigating Crown Resorts in the Australian state of Victoria was told by a compliance officer from the regulatory authority that the company lied to him about the arrests of its employees in China in 2016.
Moody’s reaffirms Macau credit rating, warns about growth volatility
Moody's Investors Service said it is confirming Macau's Aa3 rating, with a stable outlook, but warned about the high concentration of its economy on gaming and tourism.
Pragmatic Play teams with 32Red to tap U.K. market
Pragmatic Play, a leading content provider to the igaming industry, has partnered with well-established brand 32Red to take its proprietary and third-party slots offering live across the UK market.
MGM completes $750m note issue in Macau/HK dual listing
MGM China Holdings said it has successfully listed its US$750 million 4.75 percent Senior Notes due 2027 on the Stock Exchange of Hong Kong and the Chongwa (Macao) Financial Asset Exchange Co.
Sands/SJM promote Macau at Jiangsu roadshow
Sands China recently took part in the Macau Week in Jiangsu mega roadshow to promote its Londoner integrated resort.
Belle Corp gaming revenue share falls 3 percent in 21Q1
Philippines-listed Belle Corp saw its total revenue fall around 9 percent year-on-year in the first quarter of 2021, due to a fall in its gaming revenue in Manila, along with its real estate and lottery business.
Universal Entertainment posts 21Q1 loss
Universal Entertainment Corp reported a net loss of JPY5.2 billion for the three months ended March 31, 2021.
Net sales fell 64 percent to JPY14.7...
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Rob Goldstein positive on digital RMB introduction
Las Vegas Sands CEO Rob Goldstein is not concerned about the introduction of the digital RMB in Macau, believing the currency would be a positive to the gaming industry by adding liquidity into the market.
Aristocrat forecasts raised at J.P. Morgan after H1 strength
Aristocrat Entertainment says it has seen exceptional product performance and stronger-than-expected consumer sentiment in the U.S. and Australasian markets, triggering analysts at J.P. Morgan to upgrade their estimates for the group.
Macau post-Golden Week GGR drops more than expected: Bernstein
Macau gross gambling revenue dropped 53 percent from May 9 to 16, compared with the first eight days of May, slowing more than expected after the Golden Week holiday, Bernstein Research said.
Aristocrat half-year normalised EBITDA rises 6%
Aristocrat said it had seen "exceptional product performance and customer engagement, coupled with stronger-than-expected consumer sentiment in North America and Australia, New Zealand" in the six months to end March.