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.
12/15/21 Macau casino stocks fall on concerns over increasing regulatory risk Macau casino stock prices declined after Fitch downgraded the ratings of Las Vegas Sands Corp, SJM Holdings and MGM Resorts International due to a possible increase in the oversight of gaming concessionaires.
12/10/21 IEC chairman reduces stake to 18.75% Choi Chiu Fai Stanley, International Entertainment Corp’s (IEC) chairman has sold 8.66 per cent of the company’s share capital for about HK$40m (US$5.2m).
12/07/21 IEC chairman to sell more company shares Choi Chiu Fai Stanley, International Entertainment Corp’s (IEC) chairman, intends to dispose of an aggregate of 273.8m shares, which represents about 20 per cent of the company’s stock.
12/06/21 Wynn Macau grants share options to five non-executive directors Wynn Macau Ltd has announced that five non-executive directors have been granted new share options.
12/01/21 RGB International reports US$1.3m loss but increased revenue for Q3 RGB International has shared its financial results for the third quarter of the year, reporting a net loss of MYR5.6m (US$1.3m).
11/29/21 Kingston Financial revenue up 238% between April and September Kingston Financial has published its financial results for the six months ending September 30, reporting a 238 per cent growth in gaming revenue.
11/19/21 S&P: Macau GGR could return to pre-pandemic levels by 2023 The credit assessment agency Standard & Poors has predicted Macau’s GGR will return to 2019 levels no earlier than 2023.
11/18/21 Macau gaming tax revenue up 29.9% in October Macau’s tax revenue from the gaming industry was up 29.9 per cent month-on-month in October, from MOP1.77bn (US$220.5m) to MOP2.30bn (US$287.2m).
11/16/21 Resorts World Manila GGR up 53% in Q3 Resorts World Manila has shared its financial results for the third quarter of the year 2021, reporting an increase in revenue of 53 per cent year-on-year.
11/12/21 Universal Entertainment posts net loss of JPY17.4bn for Q3 Universal Entertainment Corp. has reported a net loss of JPY17.4bn (US$152.2m) for the third quarter of the year.
11/12/21 Macau casino operators property EBITDA down 97% for Q3 Deutsche Bank has revealed property EBITDA was down 97 per cent when compared to pre-pandemic levels.
11/11/21 Genting will remain affected by China’s zero-Covid policy Analysts at Nomura Research predict China’s zero-Covid policy may continue to affect Genting Singapore’s revenue in 2022.
11/11/21 APE implements diversification strategy Asia Pioneer Entertainment Holdings (APE) has diversified into smart vending machine operations in Macau due to the impact of the Covid-19 pandemic.
11/11/21 Galaxy Entertainment revenue down 23% for Q3 Galaxy Entertainment has shared its financial results for the third quarter of the year, reporting a decrease in net revenues to HK$4.3bn (US$551.9m).
