Macau Gross gambling revenue (GGR) in March is expected to be down in the low to mid-sixties percent from the same month last year, though visitation is expected to improve in Spring and travel with Hong Kong may resume from Q2, Bernstein Research said...
Aquis Entertainment has reported its preliminary final report for the full year 2020. Revenue from operations decreased 23.7 percent to A$18.9 million (US$14.9 million).
Poker machine revenue at the Canberra Labor Club fell by more than 28 percent year-on-year to A$17.4 million (US$13.7 million).
Australia-listed Pointsbet has reported a 174 percent year-on-year boost in revenues for the six month period from July to December 2020, reaching over A$75 million (US$59 million).
Jumbo Interactive, the Australian lottery firm, delivered revenue of A$40.9 million (US$32.2 million), up 9.0 percent, with underlying EBITDA up 3.7 percent to A$24.1 million.
Delta Corp Chairman Jaydev Mody says footfall at the company's Goa casinos were back to 60 percent of pre-Covid levels in November and 80 percent in December.
New Zealand casino operator SkyCity Entertainment Group saw mixed financial results for the six months ended December 31, 2020, with strong local gaming performance, but weaker tourism-related business over the half-year.
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).
Konami Holdings has reported a steep decline in its gaming segment revenue in the April-December 2020 period to JPY11.75 billion (US$112 million), down 48.8 percent on a year-on-year basis.
Macau’s gross gambling revenue dropped 63.7 percent in January, better than analysts had been expecting after renewed Covid-19 clusters on Mainland China slowed visitation later in the month.
The Philippine Amusement and Gaming Corporation (PAGCOR) has reported that its income from gaming operations in the full year 2020 fell to PHP30 billion (US$624 million), down 60.4 percent year-on-year.
Australia's Reef Casino Trust has revised upwards its estimated profit before impairment to $271,000 from a prior forecast for a loss of $66,000 due to a better-than-expected performance from the Reef Hotel Casino in Cairns.
Melco Resorts & Entertainment and Wynn Resorts are expected to outperform their Macau rivals in the next six months due to their larger exposure to the premium mass market, according to Bernstein Research.
Lower operating costs and a better business mix are likely to have helped the bottom line of Macau’s operators in the fourth quarter, despite continued low revenues, Morgan Stanley says.
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