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Tag Archives: Deutsche Bank Securities

US – Union demands Deutsche Bank apply for Nevada licence

Members of the UNITE HERE’s Culinary Workers Union Local 226 have called on Nevada’s gaming regulators to investigate Deutsche Bank’s suitability to own Nevada casinos. A Deutsche Bank subsidiary owns 25 per cent of Station Casinos LLC and its 19 casinos in Nevada. Despite having the authority, state gaming regulators have not required the bank…

US – Las Vegas union calls for clarity on Deutsche Bank’s casino credentials

UNITE HERE’s Culinary Workers Union Local 226 has called on Nevada gaming regulators to investigate and determine Deutsche Bank’s suitability to be a casino owner following a guilty plea to criminal wire fraud by a subsidiary of the bank, the bank’s admissions of misconduct and its agreements to pay $2.519 bn in penalties to US…

China – Deutsche Bank changes Macau’s VIP growth to decline

Deutsche Bank has downgraded its 2014 and 2015 forecasts for Macau’s GGR, setting lower price targets than it originally anticipated. Deutsche Bank analyst Karen Tang shaved nine per cent off her 2015 gross gaming revenue forecast from 10 per cent down to just one per cent growth. She predicts that the VIP forecast should be…

China – Macau to smash the US$100bn mark by 2021

Macau’s gaming revenue will reach US$100bn market by 2021, according to respected industry analyst Andrew Zarnett, Managing Director at Deutsche Bank Securities. Despite a spate of negative headlines recently concerning a slowdown in the economy and crackdowns on cash withdrawal methods, Mr. Zarnett said the seven-year revenue prediction would ‘easily’ be reached, meaning the market’s…