Genting Singapore is expected to post a loss for this year as the recovery is taking longer than expected, according to analysts at Maybank Kim Eng.
Morgan Stanley said it now expects Macau's 2020 gross gambling revenue (GGR) to fall 60 percent, compared with its earlier forecast for a 55 percent decline, though has raised its forecasts for recovery for the next two years.
Genting Malaysia has seen reasonable growth in visitation since it began reopening on June 15 and Resorts World Genting has doubled its number of available rooms, according a research report from CGS-CIMB.
Melco Resorts & Entertainment said the Liaison Office of the Chinese government in Macau has granted it a certificate commending its efforts to prevent Covid-19.
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.
Macau has reported an imported case of Covid-19, its first case since April 8th.
Bloomberry Resorts said it expects its second IR in the Philippines to now open in late 2022, or early 2023, due to construction delays following the Covid-19 pandemic.
Parts of the Chinese capital, Beijing, have been put under lockdown after a spike of new Covid-19 infections were detected.
The lack of capacity due to social distancing measures will be the key challenge for operators in opening their properties and not the lack of demand, says Angel Sueiro, chief operating officer of PH Resorts.
The Philippine Amusement and Gaming Corp (PAGCOR) said it had increased its cash dividend donations to the National Treasury by P5 billion bringing the total to P17 billion ($340.9 million) for 2019.
Sands China has refuted an online video purporting to show Sands China’s current team member accommodations, which has made its rounds across social
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