Tagged morgan stanley

Macau aggregated casino operator debt forecast to top $25 billion this year

May 24, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Macau

Global brokerage and investments firm Morgan Stanley has reportedly warned that the combined debt of the six licensed casino operators in Macau could exceed $25 billion by the end of the year owing to China’s o...

Bloomberry Resorts Corporation to open Solaire North venue in 2023

Adam Morgan

April 22, 2022

Casino News, Latest Casino and Gambling News, Casino project updates, Gaming Industry News, Economy/Finance, Online Gambling News, Philippines

In the Philippines and the Chairman for local casino operator Bloomberry Resorts Corporation has reportedly announced that his firm remains ‘on track to open’ its new Solaire North development before the end of...

Sands China Limited remaining optimistic despite credit utilization

Adam Morgan

April 5, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and the local Sands China Limited subsidiary of American casino operator Las Vegas Sands Corporation has reportedly announced that it has accessed $201 million from its various credit facilities for ‘g...

Macau casino operators facing free cash flow to equity run rate crisis

Adam Morgan

March 30, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Some of the largest casino operators in Macau may reportedly start running out of ready cash in as little as three months as China’s crackdown against the spread of coronavirus continues to limit travel to and ...

Net debt of Macau casino operators has quadrupled since 2019

Adam Morgan

March 17, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Licenses, Macau

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According t...

Wynn Resorts Limited looking to sell off its Wynn Interactive Limited arm

Adam Morgan

January 24, 2022

NBA, U.S.A., Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, Taxes

American casino operator Wynn Resorts Limited is reportedly looking to offload its Wynn Interactive Limited subsidiary for as little as $500 million only a few months after proposing to float the online sportsb...

MGM Resorts International potentially pondering new Las Vegas Strip property

Adam Morgan

December 2, 2021

Casino News, Latest Casino and Gambling News, Las Vegas, Casino proposals, New Hotels, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

A senior executive with American casino operator MGM Resorts International has reportedly hinted that the firm may soon embark on a plan to bring a new gambling-friendly development to the south end of the Las ...

Coronavirus setback for Macau’s ‘Golden Week’ optimism

Adam Morgan

September 27, 2021

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau

Hopes that the casino industry in Macau would be able to benefit from China’s upcoming ‘Golden Week’ national holiday have reportedly been dashed after the enclave recently recorded two positive cases of corona...

Morgan Stanley again lowers Macau annual forecasts amid coronavirus stall

Adam Morgan

September 20, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

For the second time this year and global brokerage and investments firm Morgan Stanley has reportedly cast doubts on the near-future profitability of the Macau casino industry owing to the lingering impacts of ...

Morgan Stanley reduces Macau annual gaming revenues prediction

Adam Morgan

May 27, 2021

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau

The continuing impacts of the coronavirus pandemic have reportedly prompted global brokerage and investments firm Morgan Stanley to lower its predicted 2021 aggregated gross gaming revenues forecast for Macau. ...

Vici Properties Incorporated initiating public share offer to help fund Las Vegas acquisitions

Adam Morgan

March 5, 2021

Casino Sales, U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

American real estate investment trust Vici Properties Incorporated has announced that it is hoping to raise up to $2 billion in cash via the launch of a public offering involving 60 million common shares indivi...

Macau hotels expecting positive ‘Golden Week’ performance

Adam Morgan

September 16, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

In Macau and the beginnings of a post-coronavirus recovery for the local casino industry could reportedly soon be on the cards following news that the city’s combined five-star hotel bookings for the first week...

Macau second-quarter aggregated earnings shortfall expected to top $1 billion

Adam Morgan

July 6, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Macau

The lingering impacts of the coronavirus pandemic will soon reportedly prompt the six licensed casino operators in Macau to detail combined second-quarter deficits in earnings before interest, tax, depreciation...

Morgan Stanley lowers Macau annual gaming revenue predictions

Adam Morgan

September 18, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Global brokerage and investments firm, Morgan Stanley, has reportedly become the latest to envision hard times ahead for the casino industry in Macau after it lowered an earlier forecast concerning what it expe...

Low unemployment rate to impact Japanese casino license winners

Adam Morgan

May 20, 2019

Latest Casino and Gambling News, Economy/Finance, Japan, Employment & Careers, Licenses

Foreign gaming firms that win the three integrated casino resort licenses being put up for grabs in Japan could face problems in hiring the thousands of employees such venues would require due to the nation cur...