Las Vegas Sands best suited to overcome...
April 30th, 2019 at 6:33:31 AM
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Analysts agree Las Vegas Sands best suited to overcome saturation of Asia’s premium gaming market. http://bit.ly/2vrZYXJ
* The potential oversaturation of the premium gaming market represents a real long-term credit risk for Asian casino operators, but Las Vegas Sands (LVS) remains better positioned than any other to push through the pain, according to analysts.
In a report released on Monday titled “New APAC Casinos Will Create Global Gaming Winners and Losers”, Fitch Ratings cited the many billions of dollars invested in casino resorts over the past decade aimed at wealthy Chinese consumers in APAC, warning that while such heavy investment continues to this day, the premium segment has already plateaued in markets such as Singapore and Australia. http://bit.ly/2vrZYXJ
* The potential oversaturation of the premium gaming market represents a real long-term credit risk for Asian casino operators, but Las Vegas Sands (LVS) remains better positioned than any other to push through the pain, according to analysts.
In a report released on Monday titled “New APAC Casinos Will Create Global Gaming Winners and Losers”, Fitch Ratings cited the many billions of dollars invested in casino resorts over the past decade aimed at wealthy Chinese consumers in APAC, warning that while such heavy investment continues to this day, the premium segment has already plateaued in markets such as Singapore and Australia. http://bit.ly/2vrZYXJ
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
