06/21/22 Kazuo Okada’s team denies business disruption at Okada Manila It says that all financial obligations are met and that business transactions are continuing.
06/17/22 SJM Holdings costs to increase after absorption of satellite casino workers According to Fitch Ratings, SJM Holding staff costs could increase by up to HK$600m(US$76.4m) after it absorbs workers affected by the closure of satellite casinos linked to the company.
06/16/22 Partner in Resorts World Manila to spend US$75m on expansion plans Alliance Global will back up Travellers International Hotel Group Inc’s expansion plans by injecting PHP4bn (US$75m).
06/15/22 Wynn Macau receives US$500m loan from US parent company Wynn Resorts Ltd will provide the facility to Wynn Macau to support the group’s potential future working capital and other funding needs.
06/14/22 Suntrust Resort issues US$120.1m in convertible bonds to Summit Ascent The bonds were used to repay a US$120m loan from Summit Ascent Investments.
06/08/22 IMF: Philippine casinos present “medium risk” to AML The IMF report looks at risks to Philippine banks, non-financial corporations and the microfinance sector.
06/07/22 AGEM Index rose by 20.68 points month-on-month in May Six companies saw stock price increases in May, while the other six fell.
06/03/22 Grand Korea Leisure casino sales up 215.4% in May Grand Korea Leisure has reported casino sales of KRW18.21bn (US$14.7m) in May, up 215.4 per cent month-on-month.
05/26/22 Dynam posts revenue of US$818m for fiscal year 2021 The Japanese pachinko hall operator reported a 6.6 per cent increase in revenue year-on-year but isn’t getting overly optimistic.
05/24/22 Macau casinos’ net debt could reach US$25bn this year, analysts say Analysts at Morgan Stanley say this could be the figure if current travel restrictions remain in place.
05/24/22 Macau GGR up 100% in third week of May However, monthly GGR looks set to be down 85 per cent when compared to pre-pandemic levels.
05/20/22 Digital RMB could benefit Macau gaming, Bernstein says Bernstein’s analysed how going cashless might affect Macau’s gambling economy, and its analysts believe it could revitalise the sector.
