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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.
For anyone looking for a swift return to international travel in Asia, the news is far from encouraging.
Ben Lee, managing partner of iGamiX Management & Consulting speaks with Asia Gaming Brief Managing Editor Sharon Singleton about how China’s new criminal law may affect Macau and its junkets. He also talks about the increasing chatter about the introduction of a digital yuan in Macau, which could trigger explosive growth in casino revenue.
Crown Resorts is making "significant" progress in addressing concerns raised by the Bergin inquiry and has agreed a series of steps with the regulator.
Like South Korea’s other casino operators, Paradise Co.’s headline Q1 numbers made for grim reading, although there were positive indicators, such as a narrower loss due to cost cuts and strong hotel performance.
Other Asian jurisdictions are closely watching the Philippines’ efforts to bridge the land-based and online gambling divide with a view to following suit, while Nepal is likely to have its first online operator live within two months.
Wynn Resorts is likely to enjoy higher margins post-Covid due to its cost-cutting efforts, but the main excitement to come from its Q1 results came from a plan to spin off its digital business, analysts say.
Michael Maerz, deputy CEO for Asia Pacific at Sportradar, speaks about the potential for regulated sports betting in Asia and the mounting excitement that Japan could be prepared to legalize, in what may lead to a chain reaction of a lifting of regulatory hurdles.
Genting Singapore’s weaker-than-expected Q1 results is likely to trigger a series of estimate reductions from analysts, with Maybank leading the way by slashing its forecasts for the operator of Resorts World Sentosa.
Genting Singapore has reported a 2 percent increase in casino sales from the final quarter of last year, indicating the pent-up demand that had been driving recovery has largely stalled.