06/02/20 Suncity Group increases stake in Philippines developer The agreement for almost US$145 million in convertible bonds will provide funding for the hotel and casino at Westside City Resorts World in Manila.
05/29/20 Macau occupancy hits all time low in April According to data revealed by Macau’s Statistics and Census Service, rates hit just 12.9 per cent during the month.
05/28/20 MGM China secures US$301m revolving credit facility Funds will be used for working capital needs and general corporate purposes.
05/28/20 Cambodia: Century ends license deal with Crown Century terminates agreement early without compensation to minimise cash outlay during the Covid-19 pandemic.
05/27/20 Stanley Ho’s death will not impact SJM Bernstein analysts noted Ho had effectively removed himself from SJM as early as 2009 after suffering a head injury and a series of brain surgeries.
05/27/20 Macau looks to diversify as a convention city SAR wants to become a major player on the convention scene as part of efforts to offset Covid-19 damage to its gaming industry.
05/27/20 Suncity to cover shareholder losses Casino operator Suncity Group will also pay employee salaries through to the end of the year following the Covid-19 pandemic.
05/26/20 IAG and SiGMA Group announce special game streaming presentation The presentation will explore what Asia’s land-based casinos can learn from Europe’s iGaming boom.
05/26/20 Casino operator MGM picks up several HR awards Casino operator has been recognised regionally and globally for its human resources and talent development efforts.
05/26/20 King of Gambling Stanley Ho dies age 98 Founder of SJM Holding and the man attributed with helping to turn Macau into a gambling destination has passed away.
05/25/20 Macau: airport handles just four arrivals a day in May The airport has been handling on average just four commercial flights a day as the impact of the Covid-19 crisis continues to be felt.
05/22/20 Macau Legend expansion postponed until August Macau Legend announced it expect to partially open a new gaming venue during the second half of the year, around mid August.
05/21/20 Steve Wynn forecast a fast recovery for gaming sector Former Wynn Macau CEO said expects the gaming sector to bounce back once border restrictions have been lifted.
05/20/20 South Shore Holdings former CEO resigns from board Walter Power has stepped down with immediate effect “in order to devote more time to his personal commitments.”
05/19/20 Macau: NPC session could bring “positive” measures National People’s Congress in China is expected to result in positive measures for Macau gaming industry.
