08/26/20 Mohegan Gaming to open in South Korea in 2022 The pace of construction has been impacted by lockdown measures but has led to incorporation of new safety measures into the design.
08/26/20 Summit Ascent posts 63% drop in revenue The Tigre de Cristal operator has posted losses of HK$47 million (US$6 million) for the first half.
08/26/20 Reef appoints new CEO as revenues fall 75% The resort and casino in Australia was severely hit by the pandemic but directors have seen positive results since reopening.
08/25/20 Manila: Winford looks for new ways to raise revenues The hotel and casino operator company has been exploring ways to generate revenues amid the pandemic crisis.
08/25/20 Macau residents will pay cost of second quarantine The measure applies to Macau residents that travel abroad after already undergoing one obligatory quarantine.
08/25/20 NZ extends Auckland lockdown until Sunday Casinos in the city will remian shut at least until Monday, when businesses will be allowed to reopen under level of alert 2.
08/25/20 IVS expected to boost Macau visits by mid-September Daily visitors have increased from an average 5,500 to 7,100 after IVS resumption for Zhuhai, but revenue has seen little impact.
08/25/20 Macau casino salaries drop 5.5% in June The DSEC believes the indicators “reflect a substantial decline in demand for manpower in the gaming sector”.
08/25/20 Paradise Co unaffected by lockdown measures As South Korea raised its level of alert due to a spike in Covid-19 cases, other casinos including Kangwon Land have had to shut down.
08/25/20 Tabcorp raises US$265m from entitlement offer The Australian company is looking to obtain US$429.6 million to pay existing debt facilities and strenghten its balance sheet.
08/25/20 New Australasian report offers insights on the “new normal” The report compiles the results of a survey of more than 500 gaming venues.
08/24/20 Macau GDP falls as gaming services exports plunge 97% According to figures released by the Statistics and Census Service, the drop in tourism and gaming services exports impacted heavily on GDP.
08/24/20 Genting HK to restructure debts with creditors The Malaysian casino cruise company has announced it will hold a meeting with creditors to restructure debts due to the pandemic crisis.
08/24/20 South Korea: Kangwon Land casino resort closes again The only casino resort where locals are allowed to gamble has closed again due to a rise in Covid-19 cases.
08/23/20 Melco believes premium markets will lead recovery During its earnings conference call, Melco’s chairman said the evolution of Macau’s gaming sector will be gradual rather than V-shaped.
