04/22/21 Genting Malaysia to post core net loss of US$93.5m, analysts say Maybank Investment Bank forecasts that Genting Malaysia will record a core net loss of US$93.5m for 2021.
04/22/21 Belle Corp net income drops 70% in 2020 Belle Corp, which has an interest in the casino resort City of Dreams Manila, has posted a net income of PHP891.7m for 2020.
04/21/21 Paradise Ent slot machine plans hit by Covid-19 pandemic Paradise Entertainment Ltd has reported that prior to the Covid-19 pandemic it was working to diversify its business by investing in developing slot machines and new electronic table game products.
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.
04/15/21 Genting Malaysia issues US$1.0bn in notes to refinance borrowings Genting Malaysia has issued unsecured notes to refinance existing borrowings and raise cash for capital needs.
04/14/21 Macau GGR up 16% in second week of April Analysts have reported that Macau’s gross gambling revenue reached a daily average of US$36.2m.
04/10/21 Melco Resorts awards CEO US$10m worth of shares Melco CEO Lawrence Ho Yau Lung has been awarded 484,956 shares worth US$10m.
04/09/21 Paradise expects US$13.3m loss for Q1 The casino operator Paradise Co expects sales of KRW98.7bn, down 46.6 per cent year-on-year.
04/09/21 Melco gives share options to directors Melco International Development has announced that directors and “certain employees” have been granted a purchase option on shares.
04/08/21 Genting Malaysia should reach pre-pandemic level EBITDA by 2022 Genting Malaysia’s Resorts World Genting has recovered to 66 per cent of 2019 Q3 revenue.
04/06/21 NagaWorld reports positive recovery in mass market for Q1 NagaWorld has reported that average daily mass table game buy-ins reached US$3.74m in the first quarter of the year.
04/02/21 Melco posts losses of US$1.59bn for 2020 Melco International Development has reported that net revenues were down 70.2 per cent year-on-year to HK$13.42bn (US$1.73bn).
04/02/21 Genting Hong Kong reports US$1.72bn loss in 2020 Casino cruise ship operator Genting Hong Kong has reported a loss of US$1.72bn for the year ending December 31 2020 due to the impact of the Covid-19 pandemic.
04/02/21 Landing International reports US$272m net loss for 2020 Casino investor Landing International reported a year-on-year decline in revenue of 3.4 per cent but a lower net loss than in 2019.
04/02/21 Macau GGR up 13.6% month-on-month in March Macau has reported gross gambling revenue of MOP$8.3bn (US$1.04bn) for March, up 58 per cent year-on-year.
