03/31/21 Success Universe reports US$18m net loss for 2020 Casino operator Success Universe, which operates Macau’s Ponte 16 casino, has reported revenue of HKD363.8m for full-year 2020.
03/31/21 South Korea: New Silkroad reports US$11.8m loss for 2020 New Silkroad, which operates a resort on Jeju Island, has reported a loss of HK$92m (US$11.8m) for 2020.
03/30/21 Genting Singapore claims CEO’s pay fell in 2020 Genting Singapore has responded to claims that its CEO’s remuneration doubled in 2020 despite a huge fall in profits and employee redundancies due to the Covid-19 pandemic.
03/27/21 MGM China sells US$750m in notes to pay down debt The Macau gaming operator MGM has announced it will sell senior notes to repay a portion of the amount outstanding under a revolving credit facility.
03/27/21 Suntrust sells non-gaming assets to focus on Manila casino Suntrust has announced the sale of its non-gaming assets to a local partner to focus on the development of a 5-star hotel and casino project in Manila’s Entertainment City.
03/27/21 Paradise Entertainment posts losses of US$25m for 2020 The Macau gaming company has posted revenue of HK$351.7m (US$45.3m) for FY2020, a 70.2 per cent decline from the prior-year period.
03/26/21 Genting chairman buys stake in yacht business Genting Group’s chairman has bought out Genting Hong Kong’s shares in Grand Banks Yachts to provide required liquidity to the company, which has been severely affected by the Covid-19 pandemic.
03/26/21 Genting Singapore doubles executive chairman’s salary in 2020 Genting Singapore’s executive chairman Lim Kok Thay’s total remuneration doubled in 2020, when compared with figures reported by the company in 2019.
03/25/21 Summit Ascent reports positive adjusted EBITDA in 2020 Summit Ascent was able to make up for lost profits in the second half of 2020 thanks to strong local demand. It now it plans to launch a VIP business.
03/24/21 Cambodia: casino tax revenues halved in 2020 Since Cambodia’s casino industry is largely dependant on international travel, revenue from the sector plummeted due to the Covid-19 pandemic.
03/24/21 Suncity predicts $115m profit after tax Suncity Group has predicted a $115m profit after tax despite the impact of the Covid-19 pandemic and investment in various expansion projects.
03/24/21 Jeju casino sales down 63.6% in 2020 The South Korean holiday island of Jeju has reported that casino sales fell to KRW69.30bn (US$61.5m) in 2020.
03/23/21 Macau GGR continues to improve through March Macau’s gross gaming revenue (GGR) reached MOP5.85bn (US$731.3m) for the first 21 days of March.
03/23/21 Pokies spend sets new record in New Zealand in Q4 Money spent on slots outside of casinos in New Zealand reached NZ$252m (US$178m) during the fourth quarter.
03/20/21 Osaka to consider new submissions for IR project until April 6 Osaka’s prefecture has made changes to its IR implementation policy in order to consider new submissions from potential private partners.
