10/11/20 Fitch expects MGM Macau revenue to drop 19% Rating the company’s new notes, the agency offered an outlook of what it expects for the Macau segment of the business.
10/09/20 Macau GGR down 76% during Golden Week Revenue increased 279 per cent month-on-month but remained low compared to pre-pandemic levels.
10/09/20 Macau could return to pre-pandemic levels in 2022 According to JP Morgan analysts, Macau’s gaming industry will not see a complete recovery until 2022.
10/09/20 IPI gets 6-month deferral on US$20m debt The proposal to split the payment of its casino fee for 2020 has been rejected by the Commonwealth Lottery Commission.
10/09/20 Genting Hong Kong gets subsidy from Germany The cruise line has requested US$670 million but for now received only US$226million in government aid during the pandemic.
10/08/20 Macau Golden Week numbers below expectations According to SJM Holdings’ executive director Angela Leong On Kei, the tally of visitors was “not enough”.
10/08/20 Star Entertainment obtains debt waivers The company also provided an update on subsides the Australian government has granted to pay salaries.
10/08/20 Grand Korea Leisure sees 76% annual loss Its casinos were closed from March to May and saw revenue drop 53 per cent year-on-year for the first nine months of 2020.
10/07/20 Asian suppliers’ stocks rise while American companies drop The AGEM Index jumped 10 per cent in September although the main American companies saw stocks tumble.
10/07/20 Paradise Co. sees sales jump almost 20% Gaming sales improved in September compared to August but remained down 70 per cent year-to-year.
10/05/20 NagaCorp reports good recovery in mass market The company has revealed that it recovered 97 per cent of its mass-market gaming segment volumes in the August-September.
10/05/20 Macau: Golden Week visitors down 87% in first days The city has seen low numbers of visitors for the annual holiday compared to 2019, despite the resumption of visas.
10/02/20 Macau govt needs to add US$2.5bn to budget An extra amount from financial reserves will be added to the budget to make up for reduced income from gaming taxes.
10/02/20 Gaming machine profits fall in NSW Net profits at clubs and hotels in NSW fell by almost 36 per cent year-on-year in the first six months of 2020.
10/02/20 Macau GGR down 90% in September Gross gaming revenues totalled US$277 million for the month.
