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Shares in Genting Singapore Ltd. jumped after Bloomberg News reported that the city-state’s casino operator is attracting takeover interest, as tourists start coming back to the Asian travel hub. US rival MGM Resorts International recently approached the firm’s controlling shareholder, the billionaire Lim family, to express its interest in a deal, people with knowledge of the matter said. While…
Moody’s expects gross gaming revenue for the mass segment to reach only 30 per cent of 2019 levels, before rising to 70 per cent in 2023 A surge in Covid-19 cases and strict control measures are likely to delay a recovery this year and next, S&P says Macau’s casino industry faces a delayed recovery from…
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HONG KONG — Macao’s government will extend a lockdown of casinos and other businesses until Friday, as authorities work to stop the spread of COVID-19 in the world’s biggest gambling hub, according to a statement on its website. The lockdown in the Chinese special administrative region had been set to end Monday. Macao imposed the…
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Gambling is good business, or at least a profitable one. According to the American Gaming Association, in 2012 the 464 commercial casinos in the US served 76.1 million patrons and grossed $US37.34 billion. Each year gaming revenues in the US yield more profits than the theatrical movie industry ($US10.9 billion) and the recorded music industry ($US7…
