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

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

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, 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...

Morgan Stanley reduces Macau annual gaming revenues prediction

Adam Morgan

May 27, 2021

Latest Casino and Gambling News, Casino 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. ...

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...

Philippines casino market predicted to outpace competition

Adam Morgan

May 14, 2019

Latest Casino and Gambling News, Economy/Finance, Philippines

New research from financial services firm Morgan Stanley Asia Limited has reportedly determined that the casino market in the Philippines is ‘growing faster’ than the analogous sectors of Macau, Las Vegas and S...

Suncity Group set to bring junket services to Okada Manila

Adam Morgan

September 27, 2017

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines, an investigation from financial services firm Morgan Stanley has reportedly revealed that junket operator Suncity Group is set to start offering its services inside the giant Okada Manila in...