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CHINA has penalized 10 of the country’s most popular livestreaming apps, suspending some of their operations in a renewed crackdown on fast-growing services backed by Tencent Holdings Ltd. and ByteDance Ltd.
TENCENT Holdings Ltd.’s shares just hit three milestones in a single day.
KUALA LUMPUR: The gaming sector continues to be hard-hit by the Covid-19 pandemic but most operators can withstand temporary cash burn, says Moody's Investors Service.
PETALING JAYA: The reopening of Resorts World Genting (RWG) last week will sustain Genting Malaysia Bhd’s (GeNM) present valuations, despite a deliberate slow ramp-up
Gaming operations in Asia-Pacific (APAC) markets are gradually reopening, but their earnings have been severely hit by the coronavirus pandemic.
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects the stock market to move into a consolidation mode following a spectacular recovery into a bull territory from a global Covid-19 outbreak-induced bear market.
THE reopening of Genting Malaysia Bhd’s flagship Resorts World Genting (RWG) some three weeks ago has received good response from patrons, a sign that the gaming company is on the road to recovery, albeit early days.
CASINO stocks rallied as the easing of some Chinese travel restrictions for Macau sparked optimism of a revival in the world’s largest gambling hub.