TICKERS: G13.SI, RCL
EVENTS
August 28: 10:00am: PENN - Meeting with Management at Plainridge Park
COMPANY NEWS
G13.SI - Genting Singapore resumed their buyback program today, buying back 9.2 million shares.
Travellers International Hotel Group - Philippines casino developer and operator Travellers, reported a 46.4-percent decline year-on-year in net profit for the three months to June 30. Such profit was PHP622.32 million (US$13.47 million) in the second quarter of 2015, compared to PHP1.16 billion in the year prior. GGR for the period was down 10.4% YoY to PHP5.71 billion. Promotional allowances – which include revenue share with junket operators – jumped to PHP1.07 billion in the second quarter of 2015, compared to PHP304.27 million a year earlier.
RCL - Royal Caribbean is revamping its shore excursion program to appeal to passengers' special interests from adventure to family and food to animals.
As part of the new program, the line's 2,800-plus shore excursions have been grouped into seven special interest categories: Active Adventures, Family Connections, Royal Tour Challenge, Culture and Sights, Culinary Delights, Caring Discoveries and the Royal Premium Tour Collection.
INDUSTRY NEWS
RMB Devaluation - The devaluation of the renminbi should do Macau little harm in the long run because the city still functions as an attraction for tourists from around the world and is trying to make its economy more diverse, the Monetary Authority of Macau says. But a written statement issued by the authority emphasizes what may happen in the more distant future, saying Macau’s efforts to get more visitors from other places and to make its economy less dependent on gaming would continue.
Regional Gaming Revenues:
Connecticut - July GGR: -0.89% YoY
