Resorts World Sentosa (RWS) operator Genting Singapore is expected to see its 2Q24 EBITDA decline by 35% versus the March quarter to around SG$245 million, according to investment bank Morgan Stanley. The…
Aristocrat’s real money gaming business officially transitions to new Aristocrat Interactive brand
Aristocrat has officially launched its Aristocrat Interactive real money gaming business, with all units previously operating under its Anaxi branding and those obtained via its acquisition of Neo Group Ltd – including…
Century Ent VIP rooms in Cambodia to open in Sept: firm
Hong Kong-listed Century Entertainment International Holdings Ltd expects to start operations in “early September” at two VIP rooms in a casino at Dara Sakor, Koh Kong province, in Cambodia. “With the VIP…
SJM rejigs Grand Lisboa Palace for mass clients: analysts
CBRE Capital Advisors Inc says Macau casino operator SJM Holdings Ltd has a “renaissance story in the making,” as it pivots its Grand Lisboa Palace (GLP) gaming complex (pictured) in Cotai to…
GEN Singapore 2Q EBITDA likely down 35pct q-o-q: MS
Singapore casino complex Resorts World Sentosa is likely to see a sequential decline in quarterly earnings before interest, taxation, depreciation, and amortisation (EBITDA) for the second quarter of 2024, says Morgan Stanley…
Jade SportsBet gets Pagcor nod for Philippines restart
Online wagering platform Jade SportsBet has had the suspension order on its Philippines operation lifted, according to a Tuesday (June 25) letter issued by that country’s regulator and which has been seen…
Melco says opening of Studio City Cinema demonstrates company’s focus on diversification
Speaking at the opening ceremony of Melco’s Studio City Cinema on Tuesday, Kevin Benning, Senior Vice President and General Manager of Studio City, said the cinema’s launch underlines Melco’s efforts to support…
Century Entertainment eying September opening for Cambodia VIP room, looks to Thailand as future opportunity
Hong Kong-listed gaming investor Century Entertainment International Holdings says it expects to open its new Cambodian VIP gaming business in early September after falling to a HK$24.2 million (US$3.1 million) for the…
MGM China seen deleveraging to 2.7x by end-2024 on “robust liquidity position”
Macau concessionaire MGM China Holdings is expected to continue recent deleveraging momentum in the months ahead, with leverage to decline to 2.7x by year-s end, improved from 3.4x in 1Q24 and 4.1x…
Macau’s SJM on global search for investors with “renaissance” underway
SJM Holdings Ltd, the parent company of Macau concessionaire SJM Resorts S.A., is looking to expand its global investor base, according to CBRE Equity Research, banking on its “renaissance” story and the…