China Focus

Macau casino stocks face a reckoning after searing rally

The near-vertical move has come as an array of positive news ignited hopes of a revival in the gaming hub.
Genting Singapore fully redeems yen-denominated bonds worth 20 billion yen - THE EDGE SINGAPORE

Bonds and treasuries

Genting Singapore fully redeems yen-denominated bonds worth 20 bil yen

Genting Singapore came close to securing a casino project in Yokohama
MBS hires law firm to probe US$1 bil in transfers - THE EDGE SINGAPORE

Company in the news

MBS hires law firm to probe US$1 bil in transfers

“MBS continues to work closely with its regulators to monitor MBS’s compliance with all legal obligations,” the casino said.

Company in the news

Marina Bay Sands probed over money-laundering controls

The Singapore casino of billionaire Sheldon Adelson’s Las Vegas Sands Corp. is being probed by the US Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.

Singapore economy

Stanley Ho inspired Singapore's casino foray

The gambling magnate Stanley Ho, who died in Hong Kong on Tuesday at the age of 98, had 17 known children. But his legacy was not restricted to his children. He was also the unacknowledged father of the Singaporean gambling industry.


Gambling mecca Macau suspends casino operations to help curb coronavirus spread

The likely closing of casinos comes as the entire region has been nearly shut off to travel, depriving the gambling centre access to its biggest customers.

China Focus

China sends two messages with one Macau invitation

SINGAPORE (Nov 4): Macau is being pulled into dangerous crossfire. China has suggested the world’s largest gambling centre as a venue for US President Donald Trump and his Chinese counterpart Xi Jinping to sign an interim trade deal, Reuters reports. It

Broker's Calls

Genting Singapore's outlook unmarred by slight earnings disappointment, according to analysts

SINGAPORE (Feb 22): Maybank Kim Eng, OCBC Investment Research, RHB Research and CGS-CIMB Research are maintaining their “buy” calls on Genting Singapore (GENS) with the respective target prices of $1.26, $1.31, $1.22 and $1.28.  

Global Markets

MGM opens new US$3.4 bil resort in Macau

HONG KONG (Feb 13): MGM Resorts International’s debut of its US$3.4 billion ($4.5 billion) property Tuesday is the latest bet on the world’s biggest casino hub, as licensing bids and China’s proposal to allow gambling on a nearby island cast uncerta


Genting bets US$1.2 bil on New York’s Catskills casino

(Feb 2): If a billionaire from Malaysia has his way, Asian tourists will soon be flocking to the Borscht Belt region in the Catskills Mountains that was once the summer home for generations of Jewish New Yorkers.