“With junkets disappearing and GGR driven largely by mass/premium mass, Macau’s gaming industry is better positioned for future economic cycles, and global gaming operators with Macau exposure could be better positioned to hedge a recession risk—this assuming Macau reopens.”
—Vitaly Umansky, Sanford C. Bernstein analyst, in a note to investors reflecting best- and worst-case scenarios for Macau’s battered gaming industry
“I created Okada Manila with a dream, but I was kicked out right after the opening. I would like to thank the people of the Philippines and the Supreme Court for giving me another chance to make my dream come true.”
—Kazuo Okada, billionaire founder of Okada Manila, in a note to employees on his return to control of the Philippines resort
“Because of the epidemic, the number of casino tables will be significantly reduced, probably to 10 or less.”
—Macau casino employee, who confirmed that his company among others in the city have drastically reduced the number of open gaming tables due to Covid-19
“Let’s give this a test drive.”
—Brianne Doura-Schawohl, a problem gambling consultant, speaking about FanDuel’s promotional shift from offering risk-free bets to no-sweat bets.
“I think we want to weed them out.”
—Michael Schaller, an attorney, speaking in support of daunting sports betting applications as a way to find out who has a serious enough approach.
“Bally’s doesn’t play well with its partners in organized labor.”
—Brendan Reilly, a Chicago alderman and opponent of Bally’s license to run a casino, speaking about the promise the casino made to work in concert with labor, yet a strike threatens its Rhode Island casino.
