08/20/20 Tabcorp issues US$431.2m shares offer The Australian gaming company has posted a 4.8 per cent year-on-year drop in revenues due to the pandemic.
08/20/20 Crown Resorts: casino revenues drop while online betting rises The Australian operator posted disappointing results for land-based operations for its financial year ending June 30, but online revenue is up.
08/20/20 MJC Investments reports 98% drop in earnings The promoter of Manila’s Winford Hotel and Casino is still working with PACOR to resume operations after the Covid-19 crisis.
08/20/20 Supreme Court ratifies Okada’s ban from board The decision to prevent the casino entrepreneur and founder of Okada Holding from returning for 30 years is now final and binding.
08/20/20 IPI served notice on casino licence The Governor of the Commonwealth of the Northern Mariana Islands has warned IPI’s licence could be suspended or revoked due to unpaid fees.
08/19/20 Genting Singapore is “several quarters away” from recovery According to analysts from Union Gaming Security, the company will not see a short-term recovery.
08/19/20 Macau: expert raises concerns over licence system A gaming scholar from Macau has questioned the current licence system in the city due to its inefficiency in responding to rapid market changes.
08/19/20 Suncity Group reveals fall in net losses for 1H The Hong Kong-based casino resorts company reduced net losses in the first six months of the year.
08/19/20 Wynn concerned over US-China tensions The Macau operator fears higher volatility in international markets and the impact of the US ban on WeChat.
08/19/20 China clampdown hurts Macau’s VIP business China’s clampdown on capital flows is causing liquidity problems for the city’s casinos.
08/19/20 Delta expects “return to normalcy” this fiscal year Most of the Indian operator’s casino business remains under lockdown but its online gaming unit is growing.
08/19/20 Australia blocks eight offshore gambling sites An investigation was launched due to complaints received by ACMA about the withholding of players’ winnings.
08/19/20 HK Jockey Club closes betting branches indefinitely Off-course betting shops will remain closed due to the spike in Covid-19 cases in the city.
08/18/20 Landing International expects only “slight” net loss The company has reported it expects no big losses for H1 despite the pandemic crisis.
08/18/20 Philippines eases restrictions in Metro Manila After two weeks of strict quarantine, president Duterte has announced the loosening of measures in the Metro Manila area, but casinos remain closed.
