Sunday, April 18, 2021

Malaysia

HLIB sees long-term positive growth for Genting Malaysia, ups rating

Hong Leong Investment Bank Research has added its voice to analysts predicting a strong longer-term comeback for Genting Malaysia, upping its rating from a "hold" to a "buy."

Genting Malaysia EBITDA/revenue seen at pre-Covid levels by 2022

Genting Malaysia's EBITDA is likely to return to its pre-pandemic levels by 2022 and reach 60 percent this year, Standard & Poor's said.

Genting’s domestic demand to help fuel recovery

Genting Malaysia benefits from strong support from its domestic market, which means it's better positioned for a faster post-pandemic recovery, Fitch Ratings said.

Genting’s Lim says outlook uncertain, but will assess growth ops.

Genting Bhd Chairman Lim Kok Thay says he expects global economic conditions to continue to recover and said the group will assess any business opportunities that arise that could complement existing operations or provide new growth.
RGB games

RGB: The value of preventative care

A proper electronic gaming machine (EGM) and gaming equipment Preventive Maintenance program protects and prolongs the value of a gaming property’s capital investments.

Genting Group credit rating confirmed, outlook remains negative

Moody's has reaffirmed the credit ratings of Genting Bhd and Genting Singapore, but said the outlook remains negative due to the uncertainty regarding the pace of recovery.
Resorts World Las Vegas

Will Resorts World Las Vegas light up the Strip?

Genting is gearing up for one of the world’s biggest openings this year, with the $4.3 billion Resorts World Las Vegas, though in the short-term at least analysts are more bullish about the company’s prospects at home.

Berjaya CEO buys stake, plans to restructure group

Berjaya Group's new CEO Abdul Jalil bin Abdul Rasheed has bought 70 million shares in the company at 28 sen a share and plans to restructure the Malaysian group whose interests span from gaming through to hotels, insurance and cars.

Imperative for Empire to secure financing soon: Nomura

Empire Resorts must secure financing at attractive rates soon if it is to turn profitable and avoid the need for a further capital injection from Genting, Nomura said in a research note.

Genting Malaysia subscribes up to US$20 million for Empire Resorts

Genting Malaysia’s indirect wholly-owned subsidiary, Genting ER II LLC has entered into a subscription agreement for up to US$20 million of additional stocks of Empire Resorts, according to a company filing.
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings, april 2021

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.