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Tag Archives: Fitch Ratings

Philippines – Okada Manila could ‘establish itself as a leading integrated resort’

Fitch Ratings believes that Okada Manila, the Philippine Integrated Resort owned by Japan-based Universal Entertainment, could become one of the leading casinos in Asia issuing it with a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B+’ with a Stable Outlook. Mass-market operations began in early 2017 and should benefit from the casino’s dominant scale, with…

China – Fitch pitches Macau growth at 12 per cent in 2017

Fitch Ratings believes that Macau’s gaming market will grow by 12 per cent in 2017. Year-to-date growth through March has been 13 per cent, with February growing 18 per cent on a year-over-year (YoY) basis. Fitch’s 2017 forecast assumes low single-digit range month-over-month sequential growth for the balance of the year compared to four per…

Saipan – Fitch downgrades Imperial Pacific on suggestions

Despite operating one of the top earning casinos in the world, Fitch Ratings has warned that Imperial Pacific could default on its loans payments. The operator recently revealed that its VIP table games rolling chip had surpassed US$32bn in 2016. But that hasn’t stopped the ratings agency from downgrading the Saipan casino group’s rating to…