04/17/21 James Packer agrees to reduce influence over Crown Resorts James Packer has agreed with the NSW regulator to step back from Crown Resorts to help the casino operator retain its Australian casino licences.
04/17/21 S&P upgrades SkyCity to “credit stable” SkyCity is now operating fully without Covid-19 restrictions in New Zealand and expects to return to normal levels by fiscal year 2022.
04/17/21 Japan’s pachinko revenues reach 75% of pre-pandemic levels Although sales in the sector seem to be recovering, pachinko revenues could fall again if Japan suffers a new wave of Covid-19 cases.
04/16/21 Macau gaming tax revenue drops 50% in Q1 Macau’s government collected MOP9.17bn (US$1.15bn) in tax revenue from the gaming industry in the first three months of 2021.
04/16/21 Macau’s economy to rebound by 53 per cent in 2021, analysts say Fitch Ratings Inc. has said that Macau’s economy could rebound after the impact of the Covid-19 pandemic.
04/16/21 Online betting boosts horseracing bets in Japan Proceeds from domestic races increased 30.1 per cent in the fiscal year 2020 to JPY912.29bn (US$8.4bn), the highest in nearly 30 years.
04/15/21 Macau may test issuance of virtual currency Analysts believe the issuance of virtual currency could transform Macau’s gaming industry as junket operators will no longer be needed.
04/15/21 Macau considers extending tourism incentives to rest of Asia Macau may extend its incentive scheme for mainland Chinese tourists to other countries.
04/14/21 Blackstone adds conditions to Crown Resorts bid Blackstone Group Inc has added new conditions to its bid for Crown Resorts including the condition that it does not lose state casino licences.
04/14/21 SkyCity halts dealings with junket operators SkyCity Entertainment Group has taken the decision to stop dealing with junket operators after a strategic review into its International Business Division.
04/14/21 Nagasaki launches new IR Promotion Council The prefecture has established an IR Promotion Council comprising 22 groups in the Kyushu region to create networking opportunities with local businesses.
04/13/21 Mohegan to reduce debt/EBITDA by the end of year, analysts say Moody’s Investors Service expects Mohegan to reduce debt to EBITDA this year.
04/13/21 Analysts expect Macau casinos EBITDA to drop 23% for Q1 According to Morgan Stanley, Macau casinos will report an EBITDA of US$181m, down 23 per cent from the previous quarter despite an increase in gross gaming revenue.
04/10/21 Macau economy could grow in 2021, analysts say According to the University of Macau, Macau’s Gross Domestic Product could grow by up to 33.5 per cent in 2021.
