02/24/22 Macau casino investors’ wealth plunges due to Covid-19 restrictions Forbes has revealed that the wealth of several billionaire Hong Kong investors in Macau’s casino resorts has shrunk over the past 12 months.
02/18/22 Genting Singapore second-half net profit down 49% Net profit for the 6 months ended December 31 fell to S$95.1m (US$70.7m), down from S$185.9m (US$138.2m) in the same period of 2020.
02/18/22 Macau gaming tax revenue increases 13% year-on-year in 2021 The Macau government collected nearly MOP33.9bn (US$4.22bn) in fiscal revenues from direct taxes on gaming in full-year 2021.
02/18/22 Australia’s Tabcorp reports a 2.2% increase in revenue Tabcorp’s first-half results for the first half were been boosted by the company’s lottery and keno operations.
02/17/22 Crown Resorts reports a six-month net loss of US$141.5m Although statutory revenue was up 34 per cent year-on-year, the six months ending December 31 resulted in a net loss of AUD196.3m.
02/17/22 Star Entertainment reports six-month net loss of US$53.2m Star Entertainment Group was heavily impacted by property closures and capacity restrictions due to Covid-19 in the six months ending December 31.
02/15/22 Universal Entertainment reports loss of US$165m for 2021 Universal Entertainment Corp has recorded a JPY19bn (US$164.9m) loss for the fiscal year ending December 31.
02/09/22 Studio City to offer senior secured notes The net proceeds from the offering will be used to partially fund capital expenditures for the remaining Studio City project and for general purposes.
02/08/22 Studio City Phase II budget cut to US$1.2bn Studio City’s Phase II budget has been cut mainly due to the Covid-19 pandemic.
02/04/22 AGEM Index declined by 45.71 points month-on-month in January Compared to one year ago, the AGEM Index increased by 229.80 points for an annual growth rate of 33 per cent.
02/03/22 Genting’s Dream Cruises files a court petition to be wound up Cruise operator Dream Cruises has filed a winding-up application with the court despite Genting Hong Kong previously saying its cruise line’s operations would not be affected.
