02/09/21 Philippines: online cockfighting eats into lottery sales The Philippine Charity Sweepstakes Office has seen lower sales since online cockfighting took off in 2020.
02/05/21 Financial reserves from tourism help Macau through pandemic Financial reserves obtained from tourism placed Macau in a favourable position to see through the Covid-19 pandemic.
02/03/21 Osaka confirms contenders to join IR bid Osaka has confirmed that five operators are taking part in the process to select a partner for its proposed integrated resort.
02/03/21 Sega Sammy speeds up succession plan The Japanese video game and pachinko giant has named Haruki Satomi as group CEO as it splits its gaming and pachinko business.
02/03/21 Tabcorp receives multiple acquisition offers Tabcorp has received multiple offers for its wagering and media business, including from the British gaming giant Entain.
02/01/21 Macau sees best monthly GGR in 12 months Macau GGR for January increased by 2.6 per cent month-on-month compared to December, but doubts remain over forecasts for February.
01/30/21 Donaco returns to positive EBITDA The Australian-listed operator Donaco International returned to positive EBITDA in the last quarter of 2020.
01/27/21 Genting Malaysia to support NY branch Fitch ratings analysts believe that Genting Malaysia will continue to back its New York casino and resort in “times of distress.”
01/26/21 Gaming revenues fall as China reduces travel to Macau The impact of the new wave of infections in China has provoked a drop in GGR due to the lack of visitors in Macau, Bernstein says.
01/26/21 Reef Casino ups profits estimate for H2 2020 The Australian casino’s operator said it turned a profit in the third and fourth quarters of 2020.
01/22/21 SJM sells US$1bn in notes to cancel Grand Lisboa loans The Macau operator has entered two agreements to sell senior notes and cancel facilities obtained for the construction of Grand Lisboa Palace.
01/20/21 Length of Macau visitor stays rose in 2020 While arrivals decreased, Macau visitors stayed longer in 2020 amid pandemic countermeasures.
01/19/21 Macau gaming industry achieves breakeven EBITDA According to Sanford C. Bernstein, Macau is already achieving breakeven EBITDA due to a recovery in mass and non-gaming.
01/19/21 Grand Lisboa Palace to see EBITDA of US$451m by 2023 Fitch Ratings has made the forecast in a report on casino operator SJM Holdings.
01/18/21 Moody’s fears Melco debt could reach US$7bn The ratings agency cites “sluggish cash flow” and planned capital spending on Studio City and a Cyprus resort.
