Analysis: Genting aims to upend Macau casino landscape in bidding war

Analysis: Genting aims to upend Macau casino landscape in bidding war

Genting has solid chance of displacing an incumbent – analysts A Genting entry would shakeup Macau’s gaming sector – analysts Failure to diversify revenue streams makes incumbents vulnerable COVID crisis exposed incumbents’ over-reliance on gaming revenue HONG KONG, Sept 30 (Reuters) – Malaysian group Genting has emerged as a strong contender to unseat an incumbent … Read more

Gambling giant Macau opens bids from seven casinos, with one firm to lose

Gambling giant Macau opens bids from seven casinos, with one firm to lose

A woman walks past a Bank of China branch next to the Grand Lisboa hotel and casino (R) in Macau, China December 21, 2019. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 16 (Reuters) – Macau’s government opens bids on Friday from seven companies, including a wildcard from Malaysian … Read more

US hotels spin travel demand into gold as airlines struggle

US hotels spin travel demand into gold as airlines struggle

A man exits the Four Seasons Hotel, which was later clarified by President Donald Trump’s official Twitter channel as not the Four Seasons location mentioned for the legal team’s press conference, in Philadelphia, Pennsylvania, US November 8, 2020. The press conference was subsequently held at the Four Seasons Total Landscaping company in Philadelphia. REUTERS/Mark Makela … Read more