Maybank downgraded Genting Berhad to Sell, warning a MYR1.25 billion rights issue cuts gearing by only two points. Genting faces further fundraising or lower dividends.
Macau Golden Week hotel occupancy rose 3.1 points to 91.3%, peaking at 97% on Oct 2, while room rates fell 1.7% to MOP1,677.3. Arrivals reached 1.14 million.
Century Entertainment acquired a 5% interest in a PAGCOR GSA-licensed company to reduce reliance on a single platform ahead of its December 25 resumption deadline.