Melco Resorts dividend only likely in 2024: Moody’s
Moody’s Investors Service Inc says it expects casino operator Melco Resorts and Entertainment Ltd to resume quarterly dividend payments “only in 2024,” as the Macau gaming market recovers. That is because the firm’s earnings and financial leverage are expected to “remain weak till 2023,[...]
macau casino revenues remain below pre-pandemic level...
Once a gambling mecca for international travelers, Macau continues to have trouble recovering from the COVID-19 pandemic. The SAR[...]
macau casinos win just $400m in may
Macau casinos turned in a horrible month of May, winning just over $400 million from gamblers playing slots and table games.
A[...]
macau casino revenue keeps downward trend in may, for...
Macau casino revenue has plunged amid the ongoing impact of the pandemic on the gaming destination. Revenue for May fell 68% from[...]
bloomberry resorts is on its way to recovery after th...
Analysts at investment bank Morgan Stanley recently raised the earnings estimates of Bloomberry Resorts after the Philippines-bas[...]
sar concessionaires to weather any storm assures bern...
Brokerage firm Bernstein has remained fairly optimistic about the outlook Macau casino concessionaire have. The firm believes tha[...]
macau legend shares still paused in hk on 2021 report...
The shares of casino services firm Macau Legend Development Ltd will remain suspended on the Hong Kong Stock Exchange “until fu[...]
sjm daily cash burn hk$22m, loan refinancing to provi...
SJM Holdings is currently burning through about HK$22 million ($2.8 million) cash a day and if its loan refinancing is approved i[...]
bloomberry resorts recovery faster-than-expected: ms
Bloomberry Resorts’ post-pandemic recovery has been faster-than-expected, according to analysts at Morgan Stanley, who have rai[...]
macau employment, gdp dip, but casino operators show ...
Macau and its casinos continue to look for ways to free itself from the grasp of COVID-19. It’s not easy, and a drop in both em[...]
macau concessionaires well-placed to ride out covid-1...
Macau’s concessionaires are, for the most part, well-placed to ride out liquidity concerns linked to COVID-19 and related borde[...]