Monday, April 19, 2021
macau stocks

Enthusiasm for Macau gaming stocks likely over done

Investors may be overly optimistic about the prospects for Macau’s gaming stocks given the snail’s pace of the recovery and slow vaccine rollout across the region, according to analysts from Union Gaming.

Okada Manila Q1 revenue drops 42 percent

Tiger Resort, Leisure and Entertainment reported that revenue from Okada Manila dropped 42 percent in Q1 amidst ongoing restrictions to Manila's casinos.

Quang Nam province to trial vaccine tourist scheme

Quang Nam province in central Vietnam has put forward a proposal to host guests who have been vaccinated against Covid in two resorts, according to local media.

Full recovery in Macau could be delayed to 2023: Union Gaming

A full recovery in Macau could be delayed until 2023 as the slow rollout of vaccines prevents a significant easing of travel restrictions, Union Gaming writes.

Macau GGR continues to improve, visitation at 15-month high

Macau's gross gambling revenue continued to show a small sequential improvement in the third week of April, with visitation hitting a 15-month high, according to Bernstein Research.

Oaktree offers $3b funding for Crown to buy Packer stake

Crown Resorts said a group of funds advised by Oaktree Capital Management has agreed to provide up to $3 billion in funding for the company to buy back shares held by James Packer's Consolidated Press Holdings.

Sands China establishes environmental and governance committee

Sands China on Friday announced the establishment of an Environmental, Social, and Governance Committee. 

Which casinos are open?

With so many lockdowns and restrictions happening across Asia's gaming jurisdictions, it is easy to lose track of which casinos are currently open, closed,...

Asian economy set for 6.5 percent growth in 2021

The Asian economy is expected to grow 6.5 percent in 2021, and will be a strong part of sustainable global recovery, according to reports released by the Boao Forum for Asia (BFA) Sunday. 
Macau

Mass market dominance grows in Macau Q1

Macau’s Q1 gross gambling revenue breakdown clearly shows the mass market pulling ahead of the VIP sector, which is struggling to recover from the double-whammy of Covid and policy pressures in China.

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Macau GGR up 13% week-on-week: Bernstein

Macau's gross gambling revenue continued to improve in the third week of March, rising 13 percent from the prior week and up 18 percent from February, according to Bernstein Research.
macau stocks

Enthusiasm for Macau gaming stocks likely over done

Investors may be overly optimistic about the prospects for Macau’s gaming stocks given the snail’s pace of the recovery and slow vaccine rollout across the region, according to analysts from Union Gaming.

Sportradar appoints Deirdre Bigley to board of directors

Sportradar said it has appointed former Bloomberg Chief Marketing Officer Deirdre M. Bigley to its board of directors. 

Okada Manila Q1 revenue drops 42 percent

Tiger Resort, Leisure and Entertainment reported that revenue from Okada Manila dropped 42 percent in Q1 amidst ongoing restrictions to Manila's casinos.