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Focus Gaming News Asia Pacific | Finance

Finance

Check the latest Finance news

06/18/20

SkyCity seeks to raise NZ$230 million

The group is seeking to strengthen its balance sheet in response to uncertainty around the impact of Covid-19.

06/18/20

Okura Holdings issues profit warning

The company has presented a pessimistic outlook on finances for May 2020 and June.

06/16/20

Wynn Macau expects US$740 million from new notes

The company run by Wynn Resorts has entered into an agreement with Deutsche Bank.

06/16/20

Donaco lender defers payments

The casino operator confirms its largest lender has agreed to defer $US5 million principal payment.

06/13/20

Wynn Macau looses US$2 million a day in April – May

The operator saw loses of US$2 million a day on average in April and May. totalling US$61.2 million per month.

06/12/20

Expenses more than double revenue at MGM China

MGM’s latest figures show operating revenue of HKD122.5 million in April.

06/11/20

PAGCOR expects P2.5 billion in remainder of 2020

The total for the year will be significantly less than the P5.73 billion the agency cashed last year.

06/09/20

Melco approves final dividend for shareholders

Melco had suspended its quarterly dividend programme after reporting a US$364 million net loss in the first quarter.

06/09/20

Macau gambling tax revenue plunges in May

Revenue fell by 65% in May and totalled MOP 21.0 billion (US$2.6 billion) during the first five months this year.

06/06/20

Casino suppliers’ stock value recovered in May

Stock value remained down 16% in May 2019 but marked recovery after April.

06/05/20

DoubleDown Interactive files for IPO

The Seoul-based developer is seeking to raise up to $100 million in IPO on New York’s Nasdaq.

06/04/20

Paradise Co. sales recover in May

The South Korean casino operator’s numbers were down 51% on last year but mark a recovery after April.

06/03/20

Sega Sammy to exercise “sound cash management” on Japan IR

The Japanese entertainment giant said the government and corporations are working to avoid a worst-case scenario in the spread of COVID-19.

06/03/20

Suncity Group increases stake in Summit Ascent

The Hong Kong-based holding has invested around US$160 million in the owner of Russia’s Tigre de Cristal casino resort.

06/02/20

Sands China loses US$180 million to COVID-19

The Macau operator has issued a financial statement detailing the impact of the pandemic on its revenue in the first quarter of 2020.

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Highlighted Interview

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Gaming News, Focus Latin America, Focus Brasil, Focus Africa and Focus UAE – five daily releases focusing exclusively on these specific markets.