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 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 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 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.
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 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.
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.
For anyone looking for a swift return to international travel in Asia, the news is far from encouraging.
A decision as to whether to delay a planned travel bubble between Hong Kong and Singapore for a second time is likely to be taken early next week, Transport Minister Ong Ye Kung said.
Australia's Aquis Entertainment said it aims to renew stalled talks with the capital government this year on the redevelopment of its casino into an integrated resorts precinct.