01/18/22 South Korea lottery sales up 10.3% in 2021 The Korea Lottery Commission has reported that lottery sales rose by10.3 per cent last year, setting a new record.
01/18/22 74.3% of Macau’s Q4 GGR came from mass-market gaming Macau’s Gaming Inspection and Coordination Bureau has reported that the mass-market contribution hit a quarterly high in Q4.
01/18/22 Genting Hong Kong considers filing for liquidation Genting Hong Kong has confirmed it is analysing the possibility of filing for liquidation after a German court denied its request for the release of a US$88m loan arrangement.
01/13/22 Genting HK shares fall on concerns over default risk Genting Hong Kong shares plunged 56 per cent after the company’s shipyard located in Germany filed for bankruptcy.
01/11/22 Lottery sales in China down 4.6% in November Chinese lottery sales in November were down 4.6 per cent year-on-year and down 22 per cent when compared to pre-pandemic levels.
01/11/22 Genting HK’s shipyard in Germany files for insolvency Genting Hong Kong has revealed its shipbuilding unit in Germany, MVWH, has filed for insolvency after failing to reach an agreement over financial assistance.
01/06/22 China to test digital yuan in Macau casinos Chinese authorities could introduce experimental implementations of the digital yuan through Macau casinos.
01/05/22 Paradise Co gaming revenue down 25.7% in 2021 Paradise Co has reported that gaming revenue declined 25.7 per cent year-on-year to KRW249.76bn (US$208.8m) in 2021.
01/05/22 Investment banks predict Macau’s GGR for January will reach MOP$6bn Investment bank Citigroup predicts that Macau’s GGR will be down 25 per cent year-on-year in January.
12/22/21 Moody’s downgrades Wynn Resorts rating Analysts at Moody’s Investors Service have downgraded Wynn Resorts Finance LLC’s corporate family rating from Ba3 to B1 while the outlook of the company remains negative.
12/20/21 Fitch downgrades Guangzhou R&F Properties Fitch has downgraded Guangzhou R&F Properties’ rating as the company is near default after exchanging a distressed debt.
12/16/21 Genting Singapore earnings could be affected by new Covid-19 variant Analysts at Affin Hwang Capital have predicted that Genting Singapore earnings could be lower than expected due to the new Omicron Covid-19 variant.
12/15/21 Suncity to sell business jet to boost liquidity Suncity Group Holdings has announced it will sell a business jet that the company acquired fewer than two years ago.
