06/02/22 Melco unlikely to resume quarterly dividend payments until 2024, analysts say Analysts at Moody’s Investors Service Inc say the casino operator’s earnings and financial leverage are likely to remain weak until 2023.
06/02/22 APE launches Macau metaverse project to promote the city The project seeks to bring tourists unable to travel due to the Covid-19 pandemic closer to the city.
06/01/22 Controversy surrounds Kazuo Okada’s return to Okada Manila Tiger Resort Leisure Entertainment claims a group linked to Kazuo Okada has taken over the casino by force.
05/31/22 Tabcorp names board and management roles ahead of spin-off Adam Rytenskild will replace David Attenborough as CEO of Tabcorp.
05/31/22 SJM Holdings may pay US$38.2m for two self-promoted casinos It’s expected that SJM Holdings Ltd may buy Casino Eastern and Casino Taipa to satisfy new gaming laws.
05/31/22 Bloomberry expected to reach 71% of 2019 EBITDA this year Analysts at Morgan Stanley say the company has recovered faster than expected from the Covid-19 pandemic.
05/30/22 Macau GDP down 8.9% for Q1 Macau’s gross domestic product (GDP) continued to fall in the first quarter of the year, dropping below 50 per cent of pre-pandemic levels.
05/30/22 Authorities approve SJM Holdings refinance plan The government of Macau has finally approved a revolving loan facility for HK$19bn (US$2.44bn) to refinance SJM’s existing financing.
05/30/22 Osaka citizens push for IR referendum A group has gathered the necessary number of signatures to request a referendum, but Osaka authorities are likely to reject it again.
05/27/22 Two Genting Crystal Cruises ships to be auctioned in the Bahamas Two of Genting’s Crystal Cruise ships that were seized in the Bahamas will be going up for auction next month.
05/27/22 Genting Malaysia revenue up 176.2% in Q1 Genting Malaysia saw a rebound in revenue mainly due to an overall higher volume of business at Resorts World Genting as a result of relaxed travel restrictions in the country.
05/26/22 TAB NZ posts net profit of AU$15.3m for April Gross betting revenue was 5.3 per cent over budget.
