05/15/20 Pandemic to ‘cost Japan sports billions’ Economist Katsuhiro Miyamoto said that many of the country’s professional competitions will suffer losses of US$2.56 billion.
05/15/20 China to support Greater Bay Area China to provide financial support to fuel the development of the Greater Bay Area, which includes Guandong, Hong Kong and Macau.
05/15/20 Melco reports net losses of $364 m in 1Q20 Operator reports a US$364 million net loss for the first quarter of the year as a result of the on-going Covid-19 pandemic.
05/14/20 Sega Sammy sees year-end profits soar Earnings for the year hit US$13.8 billion representing an impressive 421 per cent year-on-year increase.
05/14/20 Bloomberry net revenue down 13% in Q1 Operator’s consolidated net revenue in Q1 was P9.4 billion with the loss attributed to the impact of Covid-19.
05/13/20 Cash injection for NZ horse racing industry NZ$72.5million will be provided in an emergency support package, which includes NZ$20million to build two new all-weather race tracks.
05/13/20 Macau: gaming taxes down 47.9% Gaming taxes reached MOP20.53 billion (US$2.57billion) in the first four months of the year.
05/13/20 Galaxy Entertainment revenue falls 61% in 1Q20 Net revenue for the first three months hit HK$5.1 billion (US$658million) with Adjusted EBITDA down 93 per cent to HK$283 million.
05/12/20 Fitch expects 70% revenue drop for Okada Manila in Q2 Fitch highlighted the financial impact of Covid-19 and Universal’s greater exposure as a single property operator.
05/12/20 Macau GGR to fall 95% in May Sanford C. Bernstein analysts say average daily GGR is just MOP40million (US$5million) in the first ten days of the month.
05/11/20 Macau expects to collect US$6bn in gaming taxes Full year forecast for casino taxes halved due to the negative impact of the Covid-19 outbreak.
05/11/20 China: lottery sales jumped in March Lottery sales reached RMB10.5billion (US$1.5billion) in March as the sector sees signs of recovery post Covid-19.
05/08/20 Paradise Co. sees revenues fall 86.1% in Q1 The total sales figure generated during the three-month period was US$6.5 million.
05/07/20 VIP gamblers to help Macau recover from Covid-19 Macau is in a better position to recover from the Coronavirus crisis than its main rival, Las Vegas, due to VIP player, say analysts.
