From Breakingviews: Macau casinos are juggling a recovery with $13 billion spending to help the Chinese hub reduce its dependence on gambling. Investors may enjoy better odds by sticking closer to the US holding companies, says KatrinaHamlin
A view of visitors in front of the ruins of Saint Paul's during Lunar New Year in Macau, China, January 24, 2023. REUTERS/Lam Yik
HONG KONG, April 14 - Macau, once the world’s largest gambling hub, is far from a sure bet. Casinos are open for business in the territory, where gross gaming revenue has revived to around half of pre-pandemic levels, toppingAnalyst estimates reveal a stubborn gap between bulls and bears. The most optimistic recent forecasts for the six operating companies’ top line in 2023 are almost double the most pessimistic, according to Refinitiv. The gulf in price targets is wide too.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
14 bingo halls closed in Jefferson County raids: ‘Illicit casinos’ aren’t helping communities, AG says'No neighborhood has flourished as a result of the presence of these so-called casinos,” Alabama Attorney General Steve Marshall said after shuttering bingo halls in Jefferson County with aid from other law enforcement agencies. Here's what they closed:
Read more »
Ramón Ayala, KZ Tandingan and more headed to Southern California casinos next weekSee who else is scheduled to perform and find out how to get tickets to shows happening April 17-23.
Read more »
Breakingviews - Commercial property pain is only just beginning: podcastValuations of offices and shopping malls are under threat as rising interest rates ratchet up the cost of buying real estate. In this Viewsroom podcast, Breakingviews columnists discuss how inflation and remote working could make the crisis far worse than 2008.
Read more »
Breakingviews - Guest view: Direct lending may be entering new eraChallenges in the banking system are expanding the opportunities available to direct lenders. I believe the shifts we’re seeing won’t be short-lived, but, to borrow a phrase from Oaktree Capital Management Co-Chairman Howard Marks, may represent a sea change in private credit.
Read more »
Breakingviews - For some US banks, it’s still a wonderful lifeEven after a string of financial failures that sent depositors running for the hills, it’s a good time to be a giant U.S. bank. Perhaps counterintuitively, it’s also a good time to be a small one. As for those who sit in the middle, it’s the worst of all worlds.
Read more »
Breakingviews - Buyouts are getting complicatedSelling a company to private equity firms, with their deep pockets and lack of competitive overlap with regular corporations, ought to be relatively easy if both sides can agree on a good price. But sale processes for hand sanitizer maker Diversey and survey software developer Qualtrics, revealed in regulatory filings this week, suggest that things aren’t as simple they once were.
Read more »