08/30/20 Melco posts 65.5% drop in revenues for H1 The gaming giant said lockdown measures and travel restrictions caused visitation to fall 84 per cent below the first half of 2019.
08/28/20 NagaCorp reports net profit of US$20m for H1 NagaCorp revealed its financial results for the first half of the year and showed profits despite pandemic lockdown.
08/28/20 Gaming revenues fall 67% at Macau Legend Losses after tax were worse than expected, hitting US$70.9 million for the first half.
08/28/20 Genting Group posts US$398m loss for Q2 Revenue was down 80 per cent year-on-year at US$265.5 million.
08/27/20 Silver Heritage creditors to accept recapitalisation bid The casino developer will accept a rescue plan from Philippines-based HatchAsia after declaring it could become insolvent due to the crisis.
08/26/20 Japan’s pachinko sales down 31.7% in June Sales continue to be hit by the Covid-19 pandemic according to a survey from the Japanese government.
08/26/20 Summit Ascent posts 63% drop in revenue The Tigre de Cristal operator has posted losses of HK$47 million (US$6 million) for the first half.
08/25/20 IVS expected to boost Macau visits by mid-September Daily visitors have increased from an average 5,500 to 7,100 after IVS resumption for Zhuhai, but revenue has seen little impact.
08/25/20 Tabcorp raises US$265m from entitlement offer The Australian company is looking to obtain US$429.6 million to pay existing debt facilities and strenghten its balance sheet.
08/24/20 Macau GDP falls as gaming services exports plunge 97% According to figures released by the Statistics and Census Service, the drop in tourism and gaming services exports impacted heavily on GDP.
08/24/20 Genting HK to restructure debts with creditors The Malaysian casino cruise company has announced it will hold a meeting with creditors to restructure debts due to the pandemic crisis.
08/24/20 South Korea: Kangwon Land casino resort closes again The only casino resort where locals are allowed to gamble has closed again due to a rise in Covid-19 cases.
08/23/20 Melco believes premium markets will lead recovery During its earnings conference call, Melco’s chairman said the evolution of Macau’s gaming sector will be gradual rather than V-shaped.
08/23/20 IPI owes over US$9.4 million in taxes According to a notice from the Department of Finance’s Division of Revenue and Taxation, the debts go back to 2017.
08/21/20 Macau Legend estimates US$63m losses for H1 Macau Legend has revealed financial results showing losses for the first half of the year due to the impact of the pandemic on tourism to Macau.
