Summit Ascent Holdings, operator of Russia's Tigre de Cristal, said it has been accepted as a constituent stock in the MSCI Hong Kong Micro Cap Index, effective after the close on May 27.
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.
Shares in India's only listed casino group, Delta Corp, surged 8 percent on Wednesday to a 14-month high amidst optimism for the prospects of the gaming sector in the country.
China sports lottery company 500.com has continued its transformation into the bitcoin space with the all-stock acquisition of bitcoin mining company BTC.com and investors appear to approve.
Major cruise lines have been pushing back their planned dates to resume sailing as the Covid-19 pandemic drags, helping to dampen a fourth-quarter rally in stocks.
Lower operating costs and a better business mix are likely to have helped the bottom line of Macau’s operators in the fourth quarter, despite continued low revenues, Morgan Stanley says.
Capacity expansion, Chinese exploration and concession extension are likely to lead to outperformance of Macau’s gaming stocks in the second half of this year after a sluggish start, according to analysis from Morgan Stanley.
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.
Casino stocks are rallying in anticipation of a strong year in 2021, as Covid-19 comes under control and people resume visiting, CNBC stock picker Jim Cramer says.
After the vaccine-induced stock euphoria earlier this month, Covid-19 has returned to dampen investor enthusiasm.