Archive

_2021-03-26
Macau Legend said 2020 revenue fell 70.3 percent to about HK$700.7 million and its net loss ballooned to $1.95 billion.

_2021-03-25
Paradise Entertainment swung to a loss in 2020 as revenue plunged 70.2 percent to HK$351.7 million as a result of the Covid crisis and its cessation of a management accord with Macau's Casino Waldo.

_2021-03-12
Genting Hong Kong has warned that it expects to post a net loss of about $1.5 billion for 2020 and said the Covid-19 crisis continues to affect its cruise business.

_2021-02-25
Ainsworth Game Technology has posted a 32.8 percent drop in revenue in the six months to December and its loss widened to AS$50 million, mainly due to an impairment charge on its Latin American business. 

_2021-02-24
Hong Kong-listed International Entertainment said H2 revenue dropped 77.8 percent to HK$35.3 million due to the impact of Covid-19 restrictions, while it swung to a loss of $9.1 million.

_2021-02-23
SJM Holdings said it had seen the beginnings of a recovery in Q4, after reporting a 78 percent drop in revenue for 2020 and swinging to an adjusted EBITDA loss of HK$3.02 billion.

_2021-02-10
Ainsworth Game Technology has revealed that its preliminary unaudited results for the six months ending December 31, 2020, indicate a loss before taxes of approximately A$14 million (US$10.8 million).

_2021-02-09
500 com has announced its fourth quarter and full year financial results. As for the full year 2020, net revenues were RMB21.8 million (US$3.3 million) and operating losses were RMB190.8 million (US$29.2 million).

_2020-12-04
A number of prominent casinos in Vietnam have been reporting financial losses, according to the local media.

_2020-09-23
Ainsworth Game Technology said it will prudently invest in research and development to position itself for a long-term post-pandemic recovery.

_2020-09-02
Genting Hong Kong’s results briefing provided some reassurance that the loss-making company will be able to raise enough funds from the investment community without needing other entities in the group to bail it out.

_2020-09-01
Donaco International said it has seen “significant progress” in moves towards reopening borders in Southeast Asia and its two casinos will be ready to resume operations as soon as the situation warrants.

_2020-08-27
Ainsworth Game Technology is the latest supplier to point to progress in its online offerings, as Covid-19 hits the land-based side of the business.

_2020-08-27
Malaysian supplier RGB International swung to a loss in Q2 as Covid-19 forced the closure of its servicing centres and it sold fewer products.

_2020-08-20
Melco Resorts & Entertainment CEO Lawrence Ho said his company is still committed to building a world-beating IR in Japan and is in a strong financial position, despite swinging to a loss in Q2 due to Covid-19.

_2020-08-20
Star Entertainment Group said its domestic gaming revenue in July reached 80 percent of the prior calendar year and that investment in its properties will enhance long-term growth potential.

_2020-08-19
Tabcorp digital turnover outstripped retail turnover for the first time in a full year after Covid-19 forced the closure of its outlets and tipped the group to an $870 million ($631.8 million) loss.

_2020-08-06
Genting Singapore is seeking to cut costs by about 20 percent to 30 percent after suffering its worst quarterly loss since it opened Resorts World Sentosa.

_2020-08-03
Genting HK said it’s delaying the delivery of two new ships by about a year and cutting other costs to mitigate the impact of the Covid-19 pandemic.