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Moody’s revises Crown’s rating outlook to negative
Moody’s Investors Service has confirmed Crown Resorts' current issuer credit rating of Baa3, but has revised the rating outlook from review for downgrade to negative.
Moody’s upgrades Mohegan Tribal Gaming after debt refinancing
A January debt refinancing has had a "meaningful positive impact" on Mohegan Tribal Gaming Authority's liquidity, says Moody's Investor Services, explaining why it has upgraded its Corporate Family Rating to Caa1 from Caa2 and Probability of Default Rating to Caa1-PD from Caa2-PD.
Crown Resort’s declining credit rating could create new financial woes
Crown Resorts is in danger of being forced to repay more than A$175 million (US$135 million) if credit ratings agencies continue to mark down the casino empire. A junk, or “below investment grade,” rating would also make it harder and more expensive for Crown to borrow money.
Crown says Moody’s withdraws rating for unit’s note program
Crown Resorts said that Moody's Investors Service has withdrawn its rating on a euro medium-term note program from one of its wholly owned subsidiaries.
Genting NY to be significant feeder for LV resort: Fitch
Genting Malaysia's Resorts World New York is seen as strategically important to the group's expansion plans in the U.S. and will be a feeder market to Las Vegas, where it is building a $4.3 billion integrated resort, Fitch Ratings said.
Fitch assigns SJM’s proposed note issue BB+ with negative outlook
SJM Holding's proposed senior note issue has been assigned a BB+ rating by Fitch, with a negative outlook due to its concentration on the Macau market and a weaker market position than its peers because of a lag in gaining Cotai exposure.
Moody’s sees slow 2021 start for Melco, rising debt
The New Year has brought little reprieve to Macau’s gaming operators, with analysts scaling back their expectations for the first half of 2021 amidst new outbreaks of Covid-19 across the region.
Melco earnings recovery seen sluggish, debt rising: Moody’s
Melco Resorts & Entertainment's earnings outlook for 2021 remains sluggish due to the ongoing pandemic and movement restrictions, while its corporate debt is rising due to expansion plans, Moody's Investor Services says.
Crown on Fitch downgrade watch on regulatory rap risk
A “heightened risk of severe regulatory action” has prompted Fitch Ratings to put Crown Resorts on credit watch negative for a potential ratings downgrade.
Fitch puts Crown on ratings watch negative
Fitch Ratings has placed Crown Resorts on watch for a ratings downgrade, saying the New South Wales Independent Liquor & Gaming Authority probe has raised the risk of severe regulatory action, including loss of license.
All set for the FBM slots expansion campaign in Asia
FBM has been developing its slots offer over the last three years, with operations established in Europe and North America. The company is now accelerating its slots expansion campaign in Asia
Life After POGOs – AGB Dossier
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
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.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
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 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.
Asia Gaming Briefings – Nov 2020 Edition
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.