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Continued volatility in the Middle East could temper the growth expected in Singapore and Malaysia’s gaming sectors.

Companies & Markets

Gaming growth, AI-boosted supply chains: S&P lists 5 Apac sectors to watch right now

Casinos and office Reits shine, but hype, energy shocks and trade tensions will dictate winners and losers

Genting Singapore, the owner and operator of RWS – which includes Universal Studios Singapore – said that the war in Iran and related geopolitical developments have increased energy, freight and logistics costs.

Companies & Markets

HOT STOCK

Genting Singapore shares end 10.1% down on Q1 earnings fall

DBS Group Research downgrades stock to ‘hold’ with a S$0.67 target price

Net revenue is up 27.9% year on year at US$1.5 billion, from US$1.2 billion previously.

Companies & Markets

MBS profit jumps 30.2% to new Q1 high of US$788 million on ‘high-quality investment’, ‘high-value tourism’

Parent company LVS’ consolidated adjusted property Ebitda climbs to US$1.4 billion

Macau casinos are facing a squeeze on profit margins due to intense competition for mass-market players.

Macau gaming revenue beats estimate on Chinese New Year boom

Gross gaming revenue reaches 20.62 billion patacas for February

Marina Bay Sands' revenue is up 41% at US$1.6 billion, including a 52% jump in casino revenue to US$1.2 billion.

Companies & Markets

MBS Q4 earnings surpass S$1 billion to set new record

The property still has potential to keep growing, says parent company LVS

Altcoins have now shed US$200 billion on paper since the market peaked.

Crypto & Alternative Assets

Crypto reels from a US$200 billion crash as casino crowd moves on

Cryptocurrencies beyond Bitcoin have been hit hardest in the market downturn that kicked off in early October

Genting Bhd is intensifying its overseas expansion as Genting Malaysia faces a more challenging operating environment in the country and intensifying gaming competition across Asia.

Genting’s privatisation push falters just as New York delivers a splashy win

The offer for Genting Malaysia closes shy of the delisting mark while its US arm scores with a full-casino licence

The conglomerate also operates resorts and casinos in Singapore, the UK, the Bahamas and Egypt.

Genting’s New York casino licence buffers risks in Malaysia

The licence comes as the company’s Malaysia casino faces constraints amid local political headwinds

While November is typically one of the slowest months for Macau casino operators, premium gamblers still showed signs of strong spending sentiment.

Macau gaming revenue beats estimate on premium player enthusiasm

Result beats the 10.5% estimate and returns to 92% of its pre-pandemic 2019 level

She Zhijiang was handed over to Chinese authorities in Bangkok on Wednesday (Nov 12) after being detained in a Thai prison.

Thailand hands over casino kingpin She Zhijiang to China in scam crackdown

She has been wanted in China since 2014 for allegedly running illegal gambling rings

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