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.
08/21/20 Genting HK suspends payments to creditors The company will hold a virtual meeting to give further information on financial restructuring plans. It asked creditors to refrain from legal action.
