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.
Genting Singapore Executive Chairman Tan Sri Lim Kok Thay said the outlook for the group continues to be challenging due to the Covid crisis, however, the company is excited about its expansion plans in Singapore and Japan.
IGT said it expects its revenue and operating income from continuing operations to be higher in Q1, both year-on-year and sequentially. Global lottery is likely to be up "significantly," while global gaming will be in line with Q4 as Covid restrictions continue
Genting Singapore expects a lacklustre year in 2021 as visitation to Singapore is likely to remain restricted and does not see a significant improvement from the results achieved in H2, 2020, Bernstein Research noted.
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.
Analysts have turned more upbeat about the prospects for Malaysia’s gambling operators, despite a recent upswing in new Covid-19 cases, saying the sector is good value as stocks are still down between 15 to 26 percent on the prior year.
Asia Gaming Brief asia editor Felix Ng explores the data coming out of the latest IMF World Economic Outlook Report, focusing on the GDP growth trajectory among Asia's key gaming jurisdictions and tourist source markets.
There is significant uncertainty about the recovery and expansion prospects of Okada Manila given the severity of the Covid-19 outbreak in the Philippines, Fitch Ratings said.
The Asian Development Bank expects the economies of the Asia region to shrink this year for the first time since the 1960s.
Star Entertainment Group said its domestic gaming revenue in July reached 80 percent of the prior calendar year and that investment in its properties will enhance long-term growth potential.