Aquis Entertainment said Casino Canberra's business revenue in the most recent quarter was strong and its net operating cash flow was positive. All operational employees have returned to pre-shutdown working hours.
Imperial Pacific International is seeking permission to form a restricted account, instead of posting a bond, that will allow it to maintain cash flow to pay employees on time, according to local media reports.
Nine listed gaming operators in the Asia Pacific region are likely to see a plunge of about 70 percent in EBITDA this year, but all should have sufficient cash to cover basic needs for the next year, Moody’s Investors Service said.
Rating agency Fitch Ratings said it expects the coronavirus to have a significant cash flow effect on Macau casinos as governments’ precautionary me
Genting Malaysia has issued a statement defending its proposed acquisition of Empire Resorts saying the combination is in the best interests of both companies’ shareholders.
NagaCorp says 90 percent of its $3.5 billion Naga 3 property will consist of non-gaming amenities, with a strong focus on high-tech elements.
South Shore Holdings, operator of The 13 ultra-luxury hotel in Macau, reported that its loss for the year to end-March rose to HK$5.84 billion ($742 million) from $1.57 billion the prior year.
Amax International said it expected to report an “obvious increase” in its loss for the year to end-March 2019, although it stressed the shortfall is due to one-off impairments that don’t affect the cash flow of the business.
MGM Resorts International said its board has created a committee to study ways to extract more value out of its real estate portfolio.
The outlook for the gaming industries in Singapore and Malaysia remains stable despite challenging economic conditions, Fitch Ratings says in a report
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264