casino

Results

Las Vegas Sands profit surges on continuing Macau and Singapore

LOS ANGELES (Jan 25): Las Vegas Sands Corp.’s big bet on Macau continues to pay off.

Banyan Tree gets verbal approval from Vietnam PM for Hue resort

SINGAPORE (Jan 8): Banyan Tree’s resort in Hue, Vietnam – Laguna Lang Co – has obtained approval from the Vietnamese Prime Minister Nguyen Xuan Phuc to build a casino.

Broker's Calls

High rollers at MBS keep Genting Singapore at 'buy'

SINGAPORE (Oct 26): CIMB is maintaining its “buy” call on Genting Singapore (GENS) with a target price of $1.35.

Global Markets

MGM Resorts bets on wealthier masses to catch up in Macau

HONG KONG (Aug 15): MGM Resorts International is counting on a growing number of affluent Chinese customers to drive revenue at its new Macau property, as it strives to catch up with an industry rebound in the enclave.

Results

Las Vegas Sands reports 37% earnings growth in 2Q, announces record quarter for MBS

SINGAPORE (July 27): Las Vegas Sands has announced earnings of US$576 million ($781 million) for the 2Q17 ended June, representing a 36.8% increase, or 73 US cent per diluted share, compared to US$421 million or 53 US cent per diluted share in the same qu
From Bloomberg

Manila Casino expands to win back trust after fatal fire accident

(July 7): Resorts World Manila, the Philippine casino where 38 people died after an arson attack last month, aims to complete a new gaming zone this year as it seeks to win back customers and rebuild its brand.

In print this week

Genting Hong Kong dealt a bad hand

SINGAPORE (July 3): To say that Genting Hong Kong (Genting HK), in which the Lim family has a controlling 68.87% stake, has seen better days would not be an exaggeration, at least at the moment. Indeed, the company seems to have been dealt a bad hand.

This is the best-performing casino stock in the world

MANILA (May 19): Melco Crown Philippines Resorts Corp. is the best-performing casino stock in the world this year. To punters playing baccarat at the company’s City of Dreams venue in Manila, that’s no surprise.

Vietnam wants its gamblers staking their $1.1 bil at home

HANOI (Feb 28): Vietnam’s revolutionary founder Ho Chi Minh relied on lottery ticket sales to raise money for schools and hospitals during the war years. Now Hanoi’s Communist leaders are looking to casinos, horse betting and modern lottery-ticket mac

Results

Genting Singapore swings back to profitability in 4Q with earnings of $159.2 mil on lower expenses

SINGAPORE (Feb 22): Genting Singapore swung back into the black in 4Q16 with earnings of $159.2 million from a loss of $7.8 million a year ago, thanks to lower expenses and impairment on trade receivables.
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