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.
08/21/20 The Star reports losses of US$67.9m The Australian gaming group’s revenues were hit by the closure of its Sydney and Queensland properties from March to July.
08/20/20 Macau: new hirings in gaming sector plummet in Q2 According to the Macau Statistics and Census Bureau, the number of new employees hired in the sector fell 93 per cent.
08/20/20 Tabcorp issues US$431.2m shares offer The Australian gaming company has posted a 4.8 per cent year-on-year drop in revenues due to the pandemic.
08/20/20 Crown Resorts: casino revenues drop while online betting rises The Australian operator posted disappointing results for land-based operations for its financial year ending June 30, but online revenue is up.
08/20/20 MJC Investments reports 98% drop in earnings The promoter of Manila’s Winford Hotel and Casino is still working with PACOR to resume operations after the Covid-19 crisis.
08/19/20 Genting Singapore is “several quarters away” from recovery According to analysts from Union Gaming Security, the company will not see a short-term recovery.
08/19/20 Suncity Group reveals fall in net losses for 1H The Hong Kong-based casino resorts company reduced net losses in the first six months of the year.
08/19/20 Delta expects “return to normalcy” this fiscal year Most of the Indian operator’s casino business remains under lockdown but its online gaming unit is growing.
08/18/20 Landing International expects only “slight” net loss The company has reported it expects no big losses for H1 despite the pandemic crisis.
08/18/20 Resorts World Manila revenue halves in 1H Gross gaming revenues at the Philippines casino reached US$125.5 million, down 19 per cent in relation to the first half of 2019.
08/17/20 PH Resort completion pushed back to Q2 2022 PH Resorts Group previously expected to finish the casino resort complex in the first quarter of 2022.
08/17/20 Philippines: Melco reveals losses for Q2 Melco Resorts has announced financial results for the three months ending June 30 showing US$49.4 million in losses.
08/16/20 Sands China reports US$716m loss for H1 Profit for the first half fell 167% due to the pandemic.
08/16/20 APE revenue plummets in H1 The company says it will now focus its equipment business on Macau.
