Each week, Hotel Management Network’s journalists pick out insights from company filings that highlight sentiments in our sector. These filings signals are based on GlobalData’s analysis of earnings statements, call transcripts, investor presentations and sustainability reports. They tell us about key topics on the minds of business leaders and investors, and the themes driving a company’s activities.
This new, thematic filings coverage is powered by our underlying Disruptor data which tracks all major deals, patents, company filings, hiring patterns and social media buzz across our sectors.
Gaming and gambling were mentioned 125 times in June, more than any other technology related theme, GlobalData figures show. As the sector continues to bounce back from Covid, aided by consumer prioritisation of leisure spending, many casinos are reporting positive outlooks.
Key players in the market include Genting, which reported a 65% increase in profits in 2022 (Malay financial years run from 1 January to 31 December). In its May quarterly report it announced that "Revenue […] continued to benefit from the ongoing recovery of regional travel and gaming demand."
In the United States its subsidiary Resorts World launched an extravagant marketing campaign to mark the two-year anniversary of its Las Vegas resort, another key indicator of market confidence.
Las Vegas Sands Corp is also feeling confident. Currently in the process of expanding its Singapore holdings, it is also investing around $1bn in the renovation of Marina Bay Sands through its wholly owned subsidiary MBS.
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Despite weakening profits last year, the company clearly expects international recovery and continues to invest in its home market of the United States. In June it spent almost a quarter of a million to acquire Nassau Live Centre, owners and operators of the Nassau Coliseum, an entertainment venue on the outskirts of New York City.