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Tabcorp secures debt waivers as part of Covid-19 response

2020-05-20

Australian wagering giant Tabcorp announced it has secured agreement from its bank lenders for a waiver of leverage and interest cover covenants in re

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MGM China refinances debt

2019-08-12

MGM China said the company’s lenders have agreed on a revolving credit facility of HK$9.75 billion ($1.24 billion) that will refinance existing senior secured credit facilities and will be used for working capital.

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Macau junket operators call for govt support in collecting debt, tax breaks

2018-11-14

Representatives from the junket sector on Tuesday urged for the local government to assist the sector in collecting bad debts and reduce gaming taxes,

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Crown pulls out of Las Vegas, looks to reduce debt

2017-12-13

Australian casino operator Crown Resorts on Thursday said it has signed a number of agreements aimed at reducing its debt, including selling its inter

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Crown uses share proceeds to reduce debt

2017-05-10

Australia-listed Crown Resorts says it intends to initially use the proceeds of its A$1.34 billion (US$987 million) share sale to reduce net debt. The

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Neptune Group swings to profit in 16H2

2017-02-25

Neptune Group Ltd. recorded a profit of HK$25.9 million (US$3.3 million) in the second half of 2016, compared to a net loss of HK$257 million, accordi

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Fitch assigns A- rating to GOHL debt notes

2017-01-25

Fitch Ratings has assigned Genting Group’s GOHL Capital Ltd’s guaranteed notes a final ‘A-’ rating, local media reports. GOHL Capital Limited

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Debtor database to launch in 2017: MGIA

2016-11-16

The junket-proposed debtor database containing the details of high-rollers that owe overdue debts is expected to launch in 2017, said Kwok Chi Chung,

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Huang Shan went voluntarily to Vietnam

2016-10-13

Earlier this week, it was reported by media that former Macau junket boss, Mr Huang Shan, suspected of embezzling an estimated $1.3 billion of Macau c

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Authorities apprehend loan shark group

2016-07-03

Macau authorities have busted a loan shark syndicate that has been targeting local casino workers. Ten suspects in total have been arrested, with the

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Studio City wise to buy out minority: Bernstein

2016-05-15

Studio City’s slower than expected ramp up has caused some investor concerns on a potential breach of debt covenants, said Bernstein in a note on Mo

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Government mulls bad-debt-player blacklist

2016-05-10

A shared blacklist of players proposed by Macau junket sector is still being considered, said Fong Man Chong, Co-ordinator of the Personal Data Protec

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Melco and Wynn exposed to debt-ridden junkets

2016-04-24

Macau’s Melco Crown Entertainment Ltd and Wynn Resorts Ltd are most at risk of being exposed to debt-ridden gaming promoters, said Daiwa analysts, a

Crown Resorts hybrid securities tumble following privatization talk

2016-01-18

Investors in ASX-hybrid securities issued by Crown Resorts have seen unexpected losses, largely as a result of talk James Packer is considering the pr

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Caesars Entertainment posts loss of $791 million in 15Q3

2015-11-09

Caesars Entertainment Corp. reported a loss of $791 million in 15Q3 largely due to costs associated with the restructuring of its bankrupt subsidiary.

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Bloomberry Resorts reports a net loss of $4.1 million in 15Q3

2015-11-02

Philippines-based casino operator Bloomberry Resorts Corp reported a net loss of PHP189.5 million ($4.1 million) in 15Q3, compared to a net profit of

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Melco lenders face crunch as tables fall short of targets

2015-10-22

Lenders to Melco Crown’s Studio City face debt renegotiations as the company does not have enough gaming tables for the $3.2 billion project ahead o

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Caesars Entertainment unit files amended restructuring plan

2015-10-07

Caesars Entertainment Operating Company, a subsidiary of Caesars Entertainment Corp., said its unit filed an amended restructuring plan along with a d

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Genting Malaysia brought down by GENUK; buoyed by RWG

2015-09-07

Maybank Kim Eng said Genting Malaysia’s 15Q2 results missed estimates slightly due to bad debts at GENUK, however, Resorts World Genting operations

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