Sanford C Bernstein And Company

Studio City Macau investor files for bankruptcy in the United States

May 3, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Bankruptcy

A firm with a minority stake in the operator behind the giant Studio City Macau integrated casino resort has reportedly filed for permission to institute Chapter 11 bankruptcy protections after being unable to ...

Sands China Limited due to retain dominant Macau position into the future

Adam Morgan

April 29, 2019

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

The Sands China Limited subordinate of American casino giant, Las Vegas Sands Corporation, is likely to retain its position as the ‘largest operator’ in Macau’s mass-market gaming industry over the course of th...

Macau ‘inclined’ towards future casino concession public tender

Adam Morgan

March 15, 2019

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

In Macau, Economy and Finance Secretary, Lionel Leong Vai Tac (pictured), has reportedly announced that the local government in ‘inclined’ towards launching a new tendering process for the city’s six existing c...

Limited pool for Caesars Entertainment Corporation buyers

Adam Morgan

March 13, 2019

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

There are reportedly only three American casino operators that currently have enough financial clout to purchase the entirety of Caesars Entertainment Corporation while any other such interested local parties w...

Lack of Asian exposure hurting Caesars Entertainment Corporation

Adam Morgan

March 6, 2019

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

The future prospects of American casino operator, Caesars Entertainment Corporation, are likely to remain relatively restricted due the firm’s policy of largely overlooking Asia in favor of focusing the vast ma...

Macau investors being warned to expect flat January gaming revenues

Adam Morgan

January 8, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Lower than anticipated takings from the over 30 casinos in Macau during the first week of 2019 has reportedly prompted brokerage firm, Sanford C Bernstein and Company, to forecast that January’s upcoming aggreg...

Discretionary spending by mainland Chinese expected to climb

Adam Morgan

October 11, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

The number of mainland Chinese citizens earning more than $3,794 a month is reportedly set to rise by around 22% over the next decade and lead to an increase in discretionary spending with many consumer segment...