Author: Steve Tyler

Moody’s downgrades Genting Berhad, Genting Overseas Holdings and Genting Singapore; outlook stable Article date: 2025-12-09T00:05:31+00:00 — Author: Kelsey Wilhelm Summary Moody’s has downgraded Genting Berhad (GENB) from Baa3 to Baa2 and applied the same downgrade to Genting Overseas Holdings Limited (GOHL). Genting Singapore Limited (GENS) was downgraded from A3 to Baa1. All three ratings retain […]

Moody’s cuts Genting Berhad ratings on Malaysia takeover and rising New York casino expenses | AGB Summary Moody’s has downgraded Genting Berhad and two subsidiaries after the group’s takeover of Genting Malaysia and the expected costs to secure a commercial New York casino licence weakened its financial position. Moody’s still sees potential upside from a […]

Star savior Bally’s Corp secures financial position after obtaining US$1.1 billion in new term loans Summary Bally’s Corp has secured US$1.1 billion in new term loans (US$600m initial term loan plus up to US$500m delayed draw) from Ares Management Credit funds, King Street Capital Management and TPG Credit. The funding aims to shore up liquidity, […]

New York Sets New Monthly Online Betting Revenue Record Summary New York’s online sports betting market hit a fresh monthly revenue high in November, posting $280.6 million — up 21.2% year‑on‑year and 17.6% month‑on‑month. Bettors placed $2.61 billion in online wagers, narrowly missing October’s handle record of $2.64 billion. The implied statewide sportsbook hold for […]

Analysts Remain Bullish on Wynn as UAE Project Takes Shape Summary Wynn Resorts’ planned integrated resort on Al Marjan Island in Ras Al Khaimah is taking shape and has analysts upbeat about long-term prospects. The UAE development — projected to cost $3.9bn–$5.1bn and targeting an early 2027 opening — will be the Emirates’ first licensed […]