Feb 23 Australian shares fell on Thursday, dragged by weakness in the materials sector with miner Rio Tinto tumbling after going ex-dividend, though rises in Qantas Airways and Casino operator Crown Resorts after their earnings contained losses. The S&P/ASX 200 index was down 0.4 percent, or 22.399 points, at 5,782.700 by 0044 GMT.
Category: Gaming
Australia shares hit by materials, Qantas up after results; NZ edge higher
Feb 23 Australian shares fell on Thursday, dragged by weakness in the materials sector with miner Rio Tinto tumbling after going ex-dividend, though rises in Qantas Airways and Casino operator Crown Resorts after their earnings contained losses. The S&P/ASX 200 index was down 0.4 percent, or 22.399 points, at 5,782.700 by 0044 GMT.
Macau’s gaming industry to see better days in 2017, says Morgan Stanley
Investment bank Morgan Stanley raised its expectation for Macau revenue growth in 2017 on new casino openings and better infrastructure, but warned of risks from further Chinese government crackdowns on graft. Gross gaming revenue growth has been raised to 10 per cent in 2017 from its previous estimate of 2 per cent, according to Morgan Stanley’s latest report.