07/28/20 Donaco completes entitlement offer for US$9.9m The proceeds will go to repay its main lender and to make up for the lower gaming revenues at its Cambodia and Vietnam casinos.
07/26/20 Suntrust to pay US$66m deposit for Manila IR Suncity will increase its stake in the Philippines subsidiary from 51 to 74 per cent.
07/23/20 Sands China revenue down 98% in Q2 Net revenue at Las Vegas Sands casino and resort in Macau reached a mere US$40 million between April and June.
07/23/20 US$1 billion loss for Macau casinos in Q2 Bloomberg analysts expect negative EBITDA for Macau’s six largest casino operators for the period between April and June.
07/22/20 Macau EBITDA “should break even in Q3” Morgan Stanley has lowered the expectations for GGR recovery this year but believes casinos should break even in Q3.
07/19/20 Lawrence Ho acquires US$60M of Studio City notes The chairman and CEO of Melco Resorts & Entertainment Limited, majority owner of Studio City, bought US$60 million of new senior notes.
07/19/20 New Silkroad expects huge losses at Jeju casino The firm that operates the MegaLuck casino at Jeju’s KAL Hotel reports it will more than its double losses in the first half of the year.
07/17/20 HKJC revenue barely dented by pandemic An impressive 2019 – 2020 season ended with record single day turnover of HK$1.6 billion (£160 million) on the closing day at Happy Valley.
07/16/20 India’s Delta Corp sees surge in online revenue Delta Corp saw quarterly online revenue increase by 60 per cent year-on-year as overall revenue fell due to closure of its land-based casinos.
07/16/20 Melco cuts Macau daily operating costs to US$1.5m Casino operator Melco Resorts & Entertainment Limited says it has reached its goal to reduce operating costs for its Macau venues.
07/15/20 Analysts bet on Macau’s fast recovery Analysts believe gross gaming revenue could recover to 25 per cent of pre-pandemic levels in the short term.
07/15/20 Moody’s gives Melco’s new notes Ba2 rating Moody’s has assigned the lower rating as it predicts Melco’s parent company will continue to suffer from a drop in earnings.
07/14/20 Casino shares jump on Macau travel quarantine exemption As of tomorrow people travelling from Macau to nine cities in China’s Guangdong province will no longer have to quarantine.
07/09/20 Gaming provider stocks rise slightly in June The AGEM Index increased by 4.53 points, to 407.41. Macau’s casino operators also saw an increase in their stock prices.
07/09/20 Melco commits US$500m to Studio City The operator could end up increasing its stake in the Cotai integrated resort.
