08/16/20 Operating revenues fall 79% at Wynn Macau The group has suspended major project capital expenditures for the remainder of the fiscal year.
08/14/20 Galaxy revenues plummet in first half of 2020 All of the group’s casinos showed losses in the first six months the year, including Galaxy Macau, which reported net revenues of US$490 million.
08/14/20 Fitch sees negative outlook for MGM and Sands Lower visitations in Macau, Singapore and Las Vegas Casinos are injuring the financial position of the gaming giants.
08/13/20 Bloomberry reports US$96m loss for Q2 The Philippine casino operator has revealed financial results for the second quarter showing the impact of the pandemic.
08/13/20 Macau collected US$50m in tax revenue in July Macau’s Financial Services Bureau has revealed the tax figures for July.
08/13/20 Summit Ascent issues profit warning The company expects an accumulated loss of US$6.45 million for the first half.
08/13/20 Macau junkets: “Recovery could take 2 or 3 years” Kwok Chi Chung thinks it will take up to 3 years for VIP revenue to reach 2019 levels
08/12/20 Kanwong Land loses US$38.4 million in Q2 Most sales came from its VIP business, which reopened after lockdown on May 8.
08/12/20 AGTech revenues fall 8% in H1 The firm has posted an 8 per cent drop in revenue for the first half of 2020 but has identified opportunities for the upcoming year.
08/11/20 Paradise Co reports 68% decline in sales for Q2 South Korea’s biggest casino operator Paradise Co has revealed financial results for the second quarter of the year.
08/11/20 Share prices force IPI executive director to sell Cui Li Jie remains IPI’s main stakeholder. Less than 2 per cent of issued capital has changed hands.
08/10/20 Genting HK expects losses of at least US$300m for 1H Hong Kong-based Genting, which operates casino venues and cruises, expects to report at least US$300 million in losses due to the pandemic.
08/07/20 Sales drop 33.5% for Sega Sammy in Q2 Covid-19 measures affected the gaming giant’s pachislot and pachinko machines business as well as its integrated resorts unit.
08/07/20 Genting Singapore reports “devastating” results The operator says its timeline for the expansion of Resorts World Sentosa will be affected but that it remains interested in Yokohama’s IR project.
