#GLP

Morning Star

Should You Bet on Online Gambling Stocks Now?

Ivanna Hampton: Here's what's ahead on this week's Investing Insights. An off-the-field sports rivalry is brewing ahead of game day. What FanDuel's parent's latest play means for the online gambling industry. Plus, Meta unveils its first dividend. Find out if the tech company's stock falls into the cheap or expensive category. And, want to stop…

Finance ・ 09 February 2024

Asgam

Mass gaming leads SJM Holdings to 241% year-on-year increase in GGR to US$722 million

Macau concessionaire SJM Holdings reported gross gaming revenues of HK$5.66 billion (US$722 million) in the three months to 30 June 2023, up 241% year-on-year and 35% higher than the March quarter. However, gaming revenues were still at just 56% of pre-COVID levels, largely due to the collapse of the junket industry. Group-wide VIP GGR was just 15%…

Industry ・ 22 August 2023

Gambling News

Bally's to Launch Live Casino with Stakelogic Partnership in Rhode Island

Image Source: Shutterstock.com Bally's Corporation, a major player in the casino industry, has joined forces with Stakelogic, a leading supplier of live casino games, in an ambitious move to expand its online gaming operations. By collaborating with Stakelogic, Bally's plans to introduce a state-of-the-art live casino experience to the North…

Industry ・ 14 July 2023

commercialsearch.com

REITs Lead Charge to Consolidate Casino Real Estate

The slowdown in transactions across commercial real estate as a result of higher interest rates is unlikely to dramatically change in the near term as the question of value continues to plague buyers, sellers and lenders. But properties that house gaming operators are proving the exception. Not only did casino tenants pay rent when closed during…

Land-based ・ 01 February 2023

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Review Journal

Blackstone’s Link Logistics developing North Las Vegas warehouse complexes

New York financial giant Blackstone is a major landlord in Las Vegas, with megaresorts on the Strip and other buildings in its portfolio. Now, an industrial real estate firm it owns is developing its first Southern Nevada warehouse projects. Link Logistics, which owns around 9 million square feet of industrial space in the region, recently…

Travel ・ 17 November 2022

Asgam

Pandemic challenges see SJM’s Grand Lisboa Palace open to US$54 million EBITDA loss in 2021

SJM's Grand Lisboa Palace (GLP) recorded an Adjusted Property EBITDA loss of HK$423 million (US$54 million) in its first five months of operation, with revenues restrained by COVID-19 and the delayed launch of some key facilities. Opened into the teeth of the pandemic on 30 July 2021, the HK$39 billion (US$5 billion) Cotai integrated resort…

Covid ・ 28 February 2022

Asgam

SJM confirms casino table, machine limits for opening day

SJM Holdings says it has been authorized by Macau's gaming regulator, the Gaming Inspection and Coordination Bureau (DICJ) to request the transfer of additional gaming tables from its other properties as the company prepares for the launch its HK$39 billion (US$5 billion) Cotai integrated resort Grand Lisboa Palace today. As reported by Inside…

Travel ・ 29 July 2021