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.
04/13/20 Okada Manila give staff half of 13th month pay Casino operator takes steps to financially support staff during the forced casino closure due to Covid-19.
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.
04/08/20 Donaco ‘confident’ in cash reserves for 2020 Operator has cash reserves in excess of $11million and is confident it can weather the Covid-19 storm.
04/07/20 Galaxy has “enough liquidity” to face crisis JP Morgan analysts say the company could survive for more than six years with near zero revenue.
04/07/20 Donaco losing €800k a month due to casino shutdown Losses attributed to zero revenues and costs associated with maintaining its properties.
04/03/20 Casinos in Macau have ‘at least six months of breathing room’ before crisis Analysts say most casino operators are well placed to weather the Coronavirus storm.
04/01/20 Australia gambling industry effectively shut down Gambling venues across the country have been forced to close due to Coronavirus.
04/01/20 Macau gambling revenue plunges by almost 80% The world’s biggest gambling hub generated 5.26billion patacas (HK$5.1billion) in March.
04/01/20 Hong Kong police arrest 29 during illegal gambling raid Mong Kok and Sham Shui Po based syndicate raked in more than HK$14million over the past six months.
03/30/20 Cambodia to close all casinos from Thursday Prime Minister has mandated the closure of all casinos in the country as part of measures to contain the spread of Coronavirus.
03/27/20 MGM downgraded by Fitch Ratings Fitch agency revealed that MGM Resorts fell in its rankings because of a “decreased financial flexibility” to face coronavirus crisis.
