04/20/20 Macau gaming taxes down 37% in 1Q 2020 Gaming taxes collected in the first three months of the year total just MOP18.4 billion (€2.1billion).
04/17/20 Macau: 1Q19 GGR down 59% Official numbers reveal GGR of just MOP$30.64 billion (€3.51 billion) in the first quarter of the year.
04/17/20 MGM China has cash reserves for 15 months MGM China has HKD3billion (€356million) in cash and a revolving credit facility from banks amounting to HKD4.5billion (€534million).
04/17/20 Sands China board rejects shareholder dividend Board of directors chose not to approve shareholder payout for FY19 due to Covid-19 crisis.
04/17/20 Wynn Macau to support employees Gaming giant offers each of its 13,600 employees a MOP$1,000 (U$S 125) grant.
04/15/20 Macau: casinos to report break even EBITDA for 1Q Morgan Stanley analysts estimate that Sands China and Galaxy Entertainment have performed best during the first quarter.
04/15/20 Scientific Games defiant in liquidity position Gaming giant has reduced monthly costs by more than $100million and is confident it can ride out the Covid-19 storm.
04/14/20 Macau to recover slowly in 2020, analysts say Nomura analysts expect the sector to show signs of improvement after taking a big knock due to the Coronavirus crisis.
04/14/20 Bloomberry to expand the scope of its portfolio Company looking for additional opportunities after a strong performance in 2019.
04/14/20 Philippines Senate wants to privatise all PAGCOR casinos Senate Minority Leader says state-owned casinos should be sold to raise funds to help fight Covid-19.
04/09/20 “We estimate SKC’s monthly cash burn rate at around $35million” Craigs Investment Partners says that company’s $425million cash reserve will help it survive the Covid-19 crisis but warns of losses.
04/08/20 Wynn Macau braces for 44% drop in Q1 revenue Revenue is likely to be in the range of US$912million to US$969million for the first three months of the year, down from US$1.64billion in 1Q19.
04/08/20 GKL sales drop 72% in March March sales reached KRW11.7billion (€8.8million), compared to KRW41.7 billion (€31.5million) in March 2019.
04/07/20 Macau gaming revenues forecast halved The government has reduced its 2020 Macau gross gaming forecast by half to 130 billion patacas ($16 billion).
