Latest

Expectations Grow For Macau H2

Expectations for the Macau gambling industry are rising especially in the second half of 2021, the news comes as Morgan Stanley the investment bank revised their outlook for the industry.

The firm says it expects gross gambling revenue of $24 billion and corporate EBITDA of $6.4 billion for the year. Those numbers are between 65% and 70% of 2019 figures.

Its analysts believe that with visas now for mainland China opening up and the government advising Chinese nationals to stay local and avoid international travel the winds of fortune may be blowing in the casino operator’s favour.

The investment company says that the first half of 2021 will still be challenging for Macau operators as confidence in travel grows but it is expected grow faster in the second half of the year.

Debbie

Recent Posts

FeedConstruct and WBSC Announce An Exclusive Data and Streaming Partnership

FeedConstruct, the global sports data and streaming provider, and the World Baseball Softball Confederation (WBSC),…

11 hours ago

Bally’s Chicago Halts Hotel Construction Over Video Gambling Dispute

Bally's Chicago has halted construction on its hotel and entertainment complex, the project freeze stems…

16 hours ago

New York Sports Betting Revenue Hits Record High as Bettors Lose Big in July

New York sports betting achieved unprecedented revenue figures in July, sports betting gamblers experienced significant…

16 hours ago

FeedConstruct Partners with Malta Premier League

FeedConstruct has officially partnered with the Malta Premier League to secure the competition's global betting…

17 hours ago

Tabcorp Snaps Up Wagering Tech Provider BetMakers in $200 Million Deal

Tabcorp Holdings has announced on Monday that it will acquire BetMakers Techology Group, the B2B…

17 hours ago

DraftKings Revenue Falls to $1.44B on Customer Wins, Sports Betting Payouts

DraftKings revenue fell 5% year-on-year to $1.44 billion in the second quarter, missing Wall Street's…

17 hours ago