Sunday, May 28, 2023

Tag: Fitch Ratings

Start of a new era as Sands goes all in on Asia

Sands go all in on Asia
With online gaming and further expansion in Asia on the cards, Edward Lowton ponders the various possibilities for Sands as the company moves on to greener pastures following the $6.25bn sale of its Las Vegas properties.

Fitch: Japan a threat to Korea and Russia, but not Macau

  Financial analyst firm Fitch Ratings has predicted Japan’s future casino industry, which could be worth up to $9bn a year, is unlikely to have a detrimental effect on the Macau market.   However, the much anticipated establishment of up to five integrated resorts in Hokkaido, Osaka, Wakayama, and Nagasaki will reportedly cause problems for Japan’s more immediate neigh- bours. “Japan’s integrated resorts...

North NJ’s gain, Atlantic City’s loss – says Fitch

New York City,New Jersey, Atlantic City, Macau
Making news this month: Fitch Ratings says expansion in New Jersey would inevitably hurt Atlantic City, casino shuttle services have been combined in Macau and journalists at the Las Vegas Review Journal have been honoured for their work in uncovering the details of the paper’s sale last year.   As reported by Reuters, Fitch Ratings has issued a statement warning that...