Marcus Liu is an equity research analyst, covering the regional gaming space at CLSA. Coverage includes gaming stocks from Macau, Singapore and the Philippines. Previous experience in equity research at CLSA also includes coverage of the regional financials sector and regional small caps.
Philippines integrated resort Okada Manila will reportedly open on December 21, according to Okada’s local partner businessman Antonio Cojuangco, Calvin Ayre reports. The business confirmed the December date during an interview at the Pilipinas Conference in Manila. The $2 billion casino resort, developed by Tiger Resort Leisure and Entertainment was slated for a November opening, […]
Okada Manila will likely open with fewer than 500 tables, said CLSA analyst Marcus Liu at a conference in Macau on Wednesday. The $2 billion integrated resort from Tiger Resorts Leisure and Entertainment Inc. is scheduled to open by the end of December. “The property can put gaming in the Philippines firmly on the regional […]
Philippine gross gaming revenue rose 23 percent in July compared with the same month a year earlier, with solid growth in mass, said CLSA analyst Marcus Liu in a note on Friday. The results were a dip from June, which marked the region’s third consecutive month of all-time highs. The results were still strong though, […]
Asian operators have been slow to venture into European markets, but that may be about to change, with a consortium made up of Melco International Development and Hard Rock International eyeing a project on the island of Cyprus. The consortium is aiming to bring its own Asian flavor, but how will that go down with the melting pot that constitutes the island's tourism base.
Macau’s six casino operators will begin reporting Q2 results later this month, with analysts expecting a mixed bag. Though operators say they are seeing signs of stabilization in the market, that is unlikely to be reflected in the bottom line, at least for now. The consensus is that revenues and EBITDA will fall from the prior quarter and will hit the lowest level in five years.