09/11/20 Suncity’s Hoiana will contribute to profits from 2022 According to research, the casino project in Vietnam will eventually generate EBITDA of US$470 million per year.
09/09/20 HK mahjong parlors and game centres to reopen Venues will be allowed to reopen from September 11.
09/02/20 HK Jockey Club annual revenue down 11.6 per cent Total revenue for the past fiscal year amounted to HK$218,749 million (US$28.2 billion), mostly from horse racing.
09/01/20 Starlight ceases all gaming projects Starlight Culture Entertainment has announced it is terminating all of its gaming business interests.
08/31/20 Landing International pauses expansion due to losses Casino investor Landing International has decided to suspend expansion due to the impact of the pandemic on the business.
08/28/20 NagaCorp reports net profit of US$20m for H1 NagaCorp revealed its financial results for the first half of the year and showed profits despite pandemic lockdown.
08/24/20 Genting HK to restructure debts with creditors The Malaysian casino cruise company has announced it will hold a meeting with creditors to restructure debts due to the pandemic crisis.
08/21/20 Genting HK suspends payments to creditors The company will hold a virtual meeting to give further information on financial restructuring plans. It asked creditors to refrain from legal action.
08/19/20 Suncity Group reveals fall in net losses for 1H The Hong Kong-based casino resorts company reduced net losses in the first six months of the year.
08/19/20 HK Jockey Club closes betting branches indefinitely Off-course betting shops will remain closed due to the spike in Covid-19 cases in the city.
08/18/20 Landing International expects only “slight” net loss The company has reported it expects no big losses for H1 despite the pandemic crisis.
08/17/20 Landing appoints HK legislator as non-exec director A Hong Kong legislator has been appointed as an independent non-executive director of casino investor Landing International.
08/14/20 Chinese tourists will prefer Macau over Hong Kong A survey from Morgan Stanley found that with travel visas being reinstated, inbound tourists are more likely to choose Macau.
08/10/20 Genting HK expects losses of at least US$300m for 1H Hong Kong-based Genting, which operates casino venues and cruises, expects to report at least US$300 million in losses due to the pandemic.
08/04/20 Macau: strict controls for Hong Kong visitors Authorities have decided to impose strict measures on arrivals from Hong Kong, where Covid-19 cases continue to rise.
