Wednesday, June 29, 2022

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Grand Korea Leisure records zero sales for April

2020-06-10

Grand Korea Leisure has recorded zero sales for the month of April and a year-on-year decline of 73.7 percent in sales for the month of May. The May s

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Genting Singapore recovery likely sluggish: Bernstein

2020-06-09

The road to recovery for Genting Singapore is expected to be slow and a long way off, according to analysts from Bernstein Research on Tuesday. “

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IPI owes community benefit fund $37 million

2020-06-09

Commonwealth Casino Commission (CCC) executive director Charlie Atalig has filed a complaint against IPI for allegedly failing to contribute $40 milli

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Gaming taxes down 56.5% in Jan-May period

2020-06-08

Gaming taxes collected by the Macau government between January and May fell 56.5 percent year-on-year to MOP21 million (US$2.6 million), according to

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Paradise Co. sees sales fall 51.2 percent in May

2020-06-03

Paradise Co. announced on Wednesday that the May sales of its casino division fell 51.2 percent from the same month last year. The total sales figure

Everi swings to net loss of $13.5 million in 20Q1

2020-06-03

Everi Holdings Inc swung to a net loss of $13.5 million in the three months ended March 31, 2020, due mainly to March casino closures caused by the co

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Sands China to increase liquidity with senior notes issuance

2020-06-03

Macau casino operator Sands China Ltd has announced the issuance of senior unsecured notes due 2026 and 2030, with net proceeds of approximately US$1.

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Sands China posts $9 million in revenue in April

2020-06-02

Macau casino operator Sands China has not been spared by the impact of the coronavirus in Macau, posting only US$9 million in net revenues in April, l

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Macau gaming revenue falls 93% in May

2020-06-01

Greater China’s gambling enclave posted a 93 percent decline in gross gaming revenue in the month of May, due to continued travel and border restric

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Okada Manila posts operating loss in 20Q1

2020-06-01

Okada Manila posted a widened operating loss of JPY 1.7 billion (US$16 million) in the first quarter of 2020, due mainly to the suspension of all inte

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Suncity Group to use fiscal reserves to cover shareholder losses

2020-05-27

Casino and junket operator Suncity Group on Tuesday announced fiscal measures to “enhance shareholders’ confidence” in the group’s future pros

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Bernstein reduces GGR estimates for May

2020-05-25

Analysts from Bernstein Research have further reduced its Macau GGR estimates for the month of May, with border and travel restrictions continuing to

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Aristocrat sees movement in digital as land revenues hit by Covid-19

2020-05-22

Aristocrat Leisure on Thursday announced its financial results for the six months ended March 31. Group revenue increased 7 percent to A$2.25 billi

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Genting Malaysia loses US$96 million in 20Q1 over Covid-19

2020-05-22

Genting Malaysia has recorded a net loss of almost RM418 million (about US$96 million) in the first quarter of 2020 compared with a net profit of more

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Playtech Q1 results boosted by higher trading volumes

2020-05-21

Online gaming provider Playtech plc reported strong results during the Jan 1 to Apr 30 period, with its businesses, particularly TradeTech benefitting

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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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IGT reduces 2020 profit outlook after tough Q1

2020-05-19

International Game Technology (IGT) said its first-quarter results were affected by Covid-19 related lockdowns beginning in March, and have subsequent

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Delta Corp confident in weathering Covid-19 storm

2020-05-19

Management of India-listed casino operator Delta Corp said it does not believe the Covid-19 pandemic to have any significant impact on the financial r

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May GGR expected to be down 90 - 95%: Bernstein

2020-05-19

Analysts at Bernstein Research expect Macau to report a 90-95 percent year-on-year fall in GGR in the month of May, as the gambling enclave continues

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