Sunday, March 29, 2020
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Michael Penn

301 ARTICLES

Fitch downgrades MGM on reduced financial flexibility, coronavirus

Fitch Ratings has downgraded MGM Resorts International's and MGM China Holdings’ issuer default ratings as well as their unsecured debt due to “decreased financial...

Paradise Entertainment withdraws from Waldo, reports 2019 results

Hong Kong-listed Paradise Entertainment has reported its 2019 annual results, including notice that it has withdrawn from management of the Casino Waldo. As for its...

Suncity gains shareholder approval for Manila investment

Suncity Group reported to the Hong Kong Stock Exchange on Thursday that it had gained shareholder approval to invest in land in three parcels...

Korean operators calculating business suspension losses

With the decision to suspend business operations until April 6, some South Korean operators have begun to release estimates of the losses they are...

Yokohama City Council passes IR budget over fierce citizen protest

The Yokohama City Council passed on Tuesday a JPY400 million (US$3.6 million) research budget for its IR development initiative at Yamashita Pier, but in...

IR operators begin to close offices and withdraw from Hokkaido

IR operators that have been hoping that Hokkaido would revive its IR bid appear to be concluding that it is time to throw in...

Tokyo goes under soft lockdown

Tokyo Governor Yuriko Koike announced on Wednesday night a series of measures that amounted to a soft lockdown of the Tokyo Metropolitan District. The governor...

Star stands down 90% of workforce

The Star Entertainment Group, forced by government Covid-19 directives to cease gaming, banquet, and F&B operations in Sydney, Gold Coast, and Brisbane, leaving only...

Australian casinos confirm closures

In line with government orders, the various casino operators of Australia confirmed the suspension of their operations on Monday. Crown Resorts CEO Ken Barton said,...

Macau GGR seen down 80 percent in March

Bernstein Research issued another grim note on the condition of the Macau gaming industry, finding that March GGR was likely to decline 78 to...

TRENDING ARTICLES

Coronavirus live updates: New Zealand enters complete lockdown

The latest news and updates on the COVID-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

New Macau Covid-19 case may dent travel easing hopes: Bernstein

Macau has reported its first new Covid-19 case in a month, which may delay plans to begin easing travel restrictions to the territory, Bernstein Research says.

Macau closes borders after new infections

Macau closed its borders to all non-residents as of midnight on March 18, with the exception of blue-card holders and residents from greater China, after another case of imported Covid-19.

Australia casinos expected to join global closures this week: JPM

Australia’s casinos are expected to be forced to close their doors later this week, prompting analysts at JP Morgan to slash their earnings forecasts for the operators.

MAGAZINE ISSUES

Covid-19 turns out lights in most of Asia’s casinos

From India to Australia, casinos across the Asia Pacific region have closed their doors in response to efforts to combat the spread of the coronavirus, with little to no visibility at present as to the evolution of the situation.

Primorye project seen moving ahead despite crisis

The Primorsky Krai Development Corp (PKDC), which is responsible for management of the Primorye gaming zone, expects a key project to move ahead in May this year, despite the outbreak of the coronavirus and remains upbeat about the region’s longer-term prospects.

Fitch downgrades MGM on reduced financial flexibility, coronavirus

Fitch Ratings has downgraded MGM Resorts International's and MGM China Holdings’ issuer default ratings as well as their unsecured debt due to “decreased financial...