10/23/20 The Star gaming revenues at 75% of 2019 levels The company chairman addressed the issue of executive bonuses and the JobKeeper subsides at the annual shareholders meeting.
10/22/20 Sands China reports US$562m net losses for Q3 The casino operator says it remains optimistic despite losses.
10/21/20 Las Vegas Sands’ expecting better results for Q3 The company will be the first operator to reveal its third-quarter results. It expects them to be better than Q2.
10/21/20 “Big six” operators to report US$800m net losses for Q3 The six largest casino companies in Macau are expected to report a combined EBITDA loss of more than US$800m.
10/21/20 Tabcorp sees revenue drop 5.7% for Q1 The company says retail operations are still being hit by the pandemic, especially in Victoria.
10/20/20 Emperor expects US$20m in net losses The company attributed poor financial results to travel restrictions, which led to a 90 per cent drop in gaming revenue.
10/20/20 Macau gaming taxes collection plummets In the last nine months, Macau collected about US$2.93 billion on direct taxes of gambling activities.
10/20/20 Malaysia: tax hikes not expected for casinos RHB Investment Bank has said a new increase is unlikely as Genting Malaysia is still recovering from the financial hit wrought by the pandemic.
10/19/20 Universal Entertainment to increase notes offering The casino and resort company will increase its notes offer from US$100 million to US$135 million.
10/19/20 Macau: quarterly increase in games of fortune revenue The DICJ has reported a 51 per cent quarterly increase in VIP baccarat revenues and a 71 per cent jump for mass baccarat.
10/16/20 Success grants new loan to Ponte 16 operator The company lent Pier 16 over US$5m in July and in October the operator requested another US$2.5m.
10/15/20 Aquis revenues reach pre-pandemic levels The operator of Casino Canberra is maintaining its mid-term strategy and original budget projections for 2020.
10/14/20 IMF forecasts 53% drop in GDP for Macau The International Monetary Fund has adjusted downwards its predictions for Macau’s economy due to the impact of the pandemic.
10/13/20 Macau: government income from junkets drops 24% Junkets accounted for only 46 per cent of last year’s GGR and paid US$37 million in taxes on commissions.
10/12/20 Genting Bhd EBITDA to fall 70%, analyst says The drop in visitors to Resorts World Sentosa and Resorts World Genting will hit earnings hard, Maybank IB forecasts.
