Marcatori archivi: Fitch
Cina – Fitch Ratings afferma che la lenta riapertura dei confini cinesi ritarderà la ripresa dei casinò dell'APAC
Fitch Ratings ha affermato che la decisione della Cina di rallentare la riapertura dei suoi confini limiterà il turismo internazionale nella regione Asia-Pacifico e ostacolerà la ripresa dell’industria dei casinò. Gli analisti di Fitch George Xu e Stephen Schwartz hanno dichiarato: “I viaggi internazionali rimangono contenuti in tutta l’APAC poiché le restrizioni alle frontiere vengono reimposte a causa della variante Omicron COVID-19….
Australia – Fitch delinea il periodo di controlli più severi in Australia a seguito delle indagini della Corona
A new report by Fitch Ratings believes that recent rulings against Crown Resorts being a suitable operator in New South Wales as well as ongoing financial investigations against gaming operators mark the start of an era of much tighter scrutiny on how casinos operate. Fitch said: “We expect compliance costs for gaming operators to climb…
US – The Las Vegas Strip will take four years to bounce back to pre-pandemic levels
Casinos on the Las Vegas Strip will take longer than most to rebound from the effects of COVID-19 due to their dependence on tourism, exhibitions and conferences, according to Fitch Ratings Service, who believes the effects of the pandemic will still prevalent in Las Vegas in 2024. It believes that its four year path to…
Australia – Fitch sostiene Crown per superare la tempesta dei VIP al Crown Sydney
L'agenzia di rating Fitch ritiene che l'operatore australiano Crown Resorts sarà in grado di resistere al lento avvio delle attività nel suo casinò VIP Crown Sydney da 2.2 miliardi di dollari australiani a Barangaroo, la cui apertura è prevista per dicembre 2020. "Fitch ritiene che Crown abbia mostrato il suo impegno nel mantenere il suo equilibrio -forza del foglio saltando un dividendo finale, nonostante il suo fisso...
Australia – La Corona è ben posizionata per sopravvivere alla chiusura dei casinò
Fitch ratings agency has said Crown Resorts, operator of Crown casinos in Melbourne, Victoria and Perth in Australia, has ‘manageable covenant risk and available liquidity to meet operating expenses over the duration of the shutdowns.’ “Crown Resorts’ low net debt position at December 31 2019 and highly variable cost structure provides the Australian gaming operator…
Japan – Fitch says Japan’s IRs are far from ‘slam dunks’ but increases revenue forecasts
Ratings agency Fitch believes that Japan’s first three integrated resorts will generate GGR of over US$10bn, matching revenues generated by Las Vegas Sands’ Marina Bay Sands in Singapore. Fitch has previously pitched its GGR prediction at US$7bn per IR per year. It warned however that the limit of ten years on the licences before they…
China – Macau records worst dip in three years in April
Macau’s casinos have recorded their worst dip in form for nearly three years with April’s revenue dropping by 8.3 per cent to 23.6bn patacas ($2.9bn). The biggest year-on-year drop since June 2016 was blamed on a standoffish VIP market due to the falling value of the yuan and the continuing trade fall out between China…
Asia Pacific – Pipeline of new projects will see survival of the fittest in Asian Pacific
Large scale, premium-oriented casino resorts opening throughout the Asian Pacific region in the next five years will create winners and losers in global gaming, according to Fitch Ratings. The investments and potential oversaturation of the premium market is a longer-term credit risk that operators with mass-market and geographic diversification may be better positioned than others…
Asia – La debolezza dei VIP legati alla Cina si estenderà ad altri mercati asiatici
Fitch Ratings believes that several Asian casino sectors will be vulnerable to the slowing Chinese economy over the next year with growth prospects pitched in the ‘mid-single-digits’ in 2019. The ratings agnecy expects this ‘Chinese-related VIP weakness to spill over’ into other markets including Singapore, Australia and Las Vegas. It warned that ratings in the…
