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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.
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.
Macau visitor numbers on upward trend
Macau’s slow but steady recovery continues to show evidence after recording its highest daily record of visitor arrivals since the start of the pandemic on Friday, with a total of 34,252 visitor arrivals.
Macau’s mass market baccarat half of GGR in Q1
Mass market baccarat accounted for 51 percent of Macau's gross gambling revenue in the first quarter of this year, according to figures released by the Gaming Inspection and Coordination Bureau.
SkyCity earnings recovering faster than expected: S&P
SkyCity Entertainment's earnings are recovering faster-than-expected from the Covid crisis, said Standard & Poors in a note raising its credit outlook to stable from negative.
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 – 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.
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.