07/09/20 Melco commits US$500m to Studio City The operator could end up increasing its stake in the Cotai integrated resort.
07/08/20 New US$60 million loan for Hoiana IR Suncity Group has found 50 per cent of the new loan, while the remainder will come from project partner Alpha Era.
07/07/20 Macau casinos could see worst quarter ever Macau’s casinos will see combined losses of US$1 billion as gaming revenues decline by 95 per cent in Q2, according to Morgan Stanley.
07/06/20 Donaco to raise US$9.9m in working capital Directors have decided capital is urgently needed to cope with the impact of Covid-19 and travel restrictions on gaming revenue.
07/03/20 Paradise Co: June revenue down 81% Sales in June were down by 81 per cent compared to 2019 figures despite signs of recovery in May.
07/02/20 Gaming revenue rises at Far East Consortium The Hong Kong based property developer saw a 4.6 per cent increase for gaming for the year ending March 31.
07/02/20 Kingston sees 16% drop in gaming revenue The operator of two hotels and casinos in Macau has reported a 13 per cent fall in overall revenue and 16% fall in gaming revenue.
07/01/20 South Shore increases revenue and reduces losses The company has reported total revenue of HK$10,899 million (US$1,406 million) for the year ending in March 31.
06/30/20 Revenue falls 14% at Philippine casinos Casino operations in the first quarter were heavily impacted by quarantine measures in the Philippines, but POGOs saw an increase in revenue.
06/27/20 Asian gaming companies’ EBITDA to drop 70% Moody’s has a negative outlook for Asian gaming firms in 2020. Those with a strong domestic base are expected to recover sooner.
06/26/20 NagaCorp raises US$350 in senior notes issue The Cambodian group has confirmed it has entered a purchase agreement for US$350 million 7.95% senior notes.
06/26/20 Travellers: gaming revenue up but profits fall The operator of Resorts World Manila saw profits hit by additional costs and expenses.
06/24/20 Emperor International revenue plummets The group’s finances took a hit from Sino-US tensions and the outbreak of the novel coronavirus.
06/24/20 Imperial Pacific secures financing from strategic partner The casino operator and Zhongfeng International have reached an agreement to subscribe US$6.4 million in convertible bonds.
06/23/20 NagaCorp proposes to offer new notes The group’s founder has announced he will personally fund up to US$45 million of the new notes to gain liquidity.
