Location: Asia
Wall Street Bets: Analysts take on first half of 2023, Gambling.com, DraftKings, MGM Macau
Truist Securities analyst Barry Jonas, in a July 18 statement, wrote that gaming industry fundamentals through the first half of 2023... more
Second-quarter earnings season kicks off Wednesday
Las Vegas Sands Corp. will be the first major casino operator to report second-quarter earnings on Wednesday and one analyst said digital... more
Okada Manila reports 36% year-on-year increase in GGR to $208 million in 2Q23
Tiger Resort, Leisure and Entertainment Inc (TRLEI), the operating entity of Philippines integrated resort Okada Manila, has reported gross... more
India hits online gaming with 28% tax
India’s government says it will impose a 28 percent tax on funds that online gaming companies collect from their customers in a setback to... more
Another analyst bullish on Macau
In a Wednesday investor note, Deutsche Bank analyst Carlo Santarelli laid out a “bullish Macau view.” Citing second-quarter trends in the... more
Macau performance boosts buy rating among Las Vegas-based gaming giants
Buoyed by the ongoing recovery in Macau, a Wall Street analyst has maintained his buy ratings for Las Vegas Sands, Wynn Resorts, and MGM... more
Philippines Court orders arrest of Kazuo Okada, Tonyboy Cojuangco, Dindo Espeleta and associates for qualified theft
The Paranaque Regional Trial Court has ordered the arrest of Kazuo Okada and his associates for siphoning money from Okada Manila during... more
Macau moves the needle on Wynn, analyst says
Although he stopped short of putting a Buy rating on shares of Wynn Resorts, J.P. Morgan analyst Joseph Greff posted bullish estimates for... more
Industry reps support Macau’s new “referral mechanism” for sports, cultural concepts but warn against over-reliance on concessionaires
Local academics and sports industry representatives have told Inside Asian Gaming that they largely support a new government initiative to... more
JP Morgan: All Macau operators now generating “ample” free cash flow as industry GGR grows by 31% in 2Q23
All six of Macau’s concessionaires should now be generating ample free cash flow after the June 2023 quarter – the first full quarter since... more



