Morgan Stanley Cuts Galaxy Entertainment’s Forecast, Citing Market Share Loss
Citing a decline in market share, Morgan Stanley recently lowered Galaxy Entertainment's projected earnings.
Analysts remarked that although there were expectations for market improvements after the Phase 3 launch in 2H23, these expectations were not met.
Morgan Stanley as a result cut its targe[...]
bank of america expects melco to resume dividends ear...
According to Bank of America's investment arm, Melco, a Macau gambling operator, is set to start paying dividends in fiscal year 2[...]
belle corp reports 3% revenue growth in 2023 driven b...
From PHP 5.4 billion ($95.4 million) in 2022 to PHP 5.6 billion ($98.6 million) in 2023, Belle Corp's consolidated revenues climbe[...]
citigroup memo highlights macau gaming sector resilie...
A new report from Citigroup states that the Macau casino industry had a successful April, especially about getting ready for Labor[...]
philippines welcomes record visitor arrivals, driven ...
The tourism industry in the Philippines is celebrating a strong uptick in visitor arrivals, which reached an astounding 1,662,491 [...]
genting singapore optimistic about chinese arrivals a...
In response to major shareholder concerns, Genting Singapore has released information on its financial outlook and strategic direc[...]
star entertainment group reveals au$6.8 million loss ...
Another blow has fallen on Australia's Star Entertainment Group, which announced a AU$6.8 million ($4.4 million) loss for the firs[...]
economic bureau plans multiple trips between hengqin ...
The Guangdong-Macao In-depth Cooperation Zone in Hengqin's Economic Development Bureau revealed plans for a ground-breaking projec[...]
mgm china highlights debt concerns amidst strong perf...
MGM China voiced concerns in a recent report on its "large indebtedness," announcing that it might make servicing payments on unse[...]
chinese government contemplates new visa for macau-he...
The Chinese government is thinking of implementing a special visa for Chinese tour groups that would facilitate easy travel betwee[...]
thai government greenlights casino entertainment comp...
Given the economic forecast, the Thai government is pushing forward with its proposal for casino entertainment complexes.
The T[...]