Tag Archives: Morgan Stanley
US – Analysts assess impact on Las Vegas Sands following death of Sheldon Adelson
Analysts have been quick to assess the impact on Las Vegas Sands following the passing of CEO/Chairman Sheldon Adelson with the view being that control of the company will stay with the Adelson family with current President and Chief Operating Officer Rob Goldstein expected to guide the company into a new era of online sports…
China – Keeping casinos open is costing Macau operators up to US$4m a day
Casino operators in Macau are losing between $1.5m to $4m a day just to keep their casinos operational. With visitors banned from mainland China, Hong Kong and Taiwan who have travelled overseas, GGR fell 79.7 per cent year-on-year to 5.3bn patacas ($664m) in March. Macau’s Public Security Police, revealed that Macau saw just 230 tourists…
US – VizExplorer confirms investment from Morgan Stanley Expansion Capital
San Diego-based VizExplorer, a specialist in analytics, data visualisation, and operational intelligence, has announced the closing of a strategic investment round by Morgan Stanley Expansion Capital which will allow it to accelerate growth and advance its product roadmap. The investment will enable VizExplorer to scale business operations, enhance its analytics platform for the casino industry,…
Philippines – Okada Manila to increase market share
Okada Manila will increase its market share of the casino sector in the Philippines according to Morgan Stanley Asia. It is tipping Okada Manila’s share of Manila’s integrated resort GGR to increase from 10 per cent to 22 per cent in 2018 with Resorts World Manila’s falling from 15 per cent to 13 per cent,…
China – Morgan Stanley tips Macau’s GGR to double by 2022
Analyst Morgan Stanley Believes that GGR in Macau could double for many operators by 2022, reaching US$53bn if the renewal of gaming concessionaires goes smoothly. Called ‘Macau 2022 – Power of Compounding,’ the report is based on a growth of six per cent in visitation and five per cent in spend per head. Morgan Stanley…
Australia – Morgan Stanley predicts VIP bounce back for Crown and The Star
Morgan Stanley has said that Australia’s two leading casinos have seen a surge in VIP play during the first three months of the current fiscal year. The high-roller segment suffered in Australia following the arrests in China of 19 members of staff at Crown who were found guilty of improperly promoting casino gaming. In 2017…
Philippines – Morgan Stanley tips Okada Manila to be market leader
Analyst group Morgan Stanley is tipping Okada Manila to take pole position in the Philippines’ market by 2019, surpassing Bloomberry, Melco Resorts Philippines and Resorts World Manila. The firms Alex Poon and Praveen Choudhary said: “We expect Okada to add US$1.2bn of GGR by 2019 to the overall market, capturing 32 per cent market share…
Australia – Macquarie bid to challenge Tabcorp’s merger with Tatts
A consortium including Macquarie Group, Morgan Stanley and First State Super has tabled a bid for Australian lottery and betting operator Tatts Group. It challenges Australian betting rival Tabcorp’s $11.3bn plan to merge with Tatts. Whilst Tabcorp wants to buy Tatts Group in its entity, the Macquarie consortium wants to buy Tatt’s lottery business for…
