Friday, June 18, 2021
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Naga3 in advanced planning stage

NagaCorp says the third phase of its IR in Phnom Penh is in the advanced planning stage, after the opening of Naga2 late last year helped to almost double gross gambling revenue in the first nine months of the year.

VIP GGR to benefit from room openings: Bernstein

Macau’s overall gross gambling revenue is likely to rise about 3 percent to 4 percent in September after disruptions caused by Typhoon Mangkhut, though VIP revenue in the coming week may get a boost from new room openings, Bernstein Research says.

SJM H1 revenue gains 10 percent, though market share slips

SJM Holdings reported an almost 10 percent increase in net revenue for the first half of this year, though its share of the Macau market slipped in all categories.

Mass market leads Macau’s Q2 growth

The mass market overtook the VIP sector to lead growth in Macau’s gross gambling revenue in Q2 with a gain of 21 percent over the prior year, according to figures from the Gaming Inspection and Coordination Bureau.

June GGR tracking for 16-18 percent growth: Bernstein

Gross gambling revenue is tracking to growth between 16 percent and 18 percent in June if the currently daily rate is maintained throughout the month, Bernstein Research says.

DB lowers forecasts for Wynn Resorts

Deutsche Bank analysts have trimmed their 18Q2 forecast for Wynn Resorts, due mainly to lower than anticipated VIP volumes, increasing competition, and the impact...
SJM Lisboa

Macau May GGR rose lower-than-expected 12.1 percent

Macau’s gross gaming revenue rose 12.1 percent in May, below analysts’ forecasts, with June expected to record a further slowdown as players are distracted by the FIFA World Cup tournament in Russia.

New bond offering will help NagaCorp in long run: MS

Cambodia’s NagaCorp is set to become a key beneficiary of booming Chinese outbound tourism, and its recent note issue will support future growth, say...

May GGR on track for 16-17 percent gain: Bernstein

Gross gambling revenue in Macau is on track to gain between 16 to 17 percent from the same month last year, according to estimates from Bernstein Research.

NagaCorp raises $290m in notes issue

NagaCorp said it has raised $290 million net through a senior note issue to promote growth in its VIP business and to upgrade facilities.

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