Monday, September 21, 2020

Philippines Q2 GGR plunges

Gross gambling revenue in Q2 in the Philippines came in at just P2.42 billion ($49.9 million) as the Covid-19 crisis forced the closure of gambling outlets across the country, according to figures from regulator, the Philippine Amusement and Gaming Corp. (PAGCOR).

Tak Chun CEO may make mandatory bid for Macau Legend

Tak Chun CEO Chang Wen Lin may make a mandatory offer for all of the outstanding shares in Macau Legend for HK$1.9 billion ($245 million) after acquiring a stake in the operator.
International Entertainment gains provisional license for Manila IR

International Entertainment gains provisional license for Manila IR

International Entertainment Corporation announced on Friday that it has gained a provisional license from PAGCOR to build its Manila IR. The license was delivered to...
Bloomberry seen breaking even at EBITDA level in Q4

Bloomberry seen breaking even at EBITDA level in Q4

Bloomberry Resorts is expected to break even on an EBITDA level by Q4 due to cost cuts and support from the local market, according to analyst Michael Ting, who publishes on Smartkarma.
HatchAsia signs SVH takeover deed

HatchAsia signs SVH takeover deed

HatchAsia has signed and executed a Deed of Company Arrangement to take control of Australia-listed Silver Heritage Group. 

Macau to recover faster than Vegas: Fitch

Macau is likely to recover faster than Las Vegas from the impact of Covid-19, but the trajectory remains opaque, Fitch Ratings said.
NSW taxpayers may foot bill for Crown probe results

NSW taxpayers may foot bill for Crown probe results

New South Wales taxpayers may be liable for compensation payments in the event that the Independent Liquor and Gaming Authority orders Crown Resorts to...
The MICE industry: Will only the small survive?

The MICE industry: Will only the small survive?

Marina Bay Sands has introduced a state-of-the-art hybrid broadcast studio, complete with holograms and virtual reality, as it seeks to salvage its MICE business.
Prime Minister Yoshihide Suga and Yokohama’s IR Bid

Prime Minister Yoshihide Suga and Yokohama’s IR Bid

For the first time since the IR legislation was passed into law, Japan has a new prime minister. Fortunately for Japan’s pro-IR community, it is Yoshihide Suga.
Melco seen as best-positioned Macau stock

Melco seen as best-positioned Macau stock: Roth

Melco Resorts & Entertainment is the best-positioned stock with exposure to Macau given its focus on the premium mass segment and lower-risk status.

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Ainsworth sees progress in online gaming

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Macau August GGR drops 94.5% despite uptick in visitors

Macau’s gross gambling revenue plunged 94.5 percent in August, the fifth straight month of a more than 90 percent decline, even though visitation has begun to improve.

Grand Lisboa Palace begins hiring staff

SJM Holdings has announced that it has begun large-scale recruitment for staff to serve at the Grand Lisboa Palace in Cotai. According to the statement,...

Realistic Games revamps anime-themed online slot

UK-based Realistic Games has announced the revamp of one of its most popular titles, the anime-themed Super Graphics Game Changer. This title features the anime...