Rio Hotel Management Criticises Lack Of Negotiation By Galaxy To Keep Away From Casino Closure
To reflect its most recent GGR forecasts, the investment bank has slashed concessionaires’ EBITDA forecasts by 19% to 53% and target prices by 15% to 60%. Despite its junket concerns, Credit Suisse mentioned it remains upbeat on Macau’s gaming sector on “potential recovery and undemanding valuation”, despite the fact that it is much less bullish amid recent COVID-19 developments in mainland China. “The Macau government’s current clarifications on amendments to the gaming law signal that the government remains...