Monday, April 6, 2020

Deltin Group contributes funds for Goa’s battle against Covid-19

The Deltin Group, which operates several casinos in the state, has announced a donation of INR5.1 million (US$67,000) for Goa’s effort to battle against...

Final public transportation link between Macau and Hong Kong severed

All public transportation links between Macau and Hong Kong are now severed as the bus service over Hong Kong-Zhuhai-Macau Bridge has been ordered to...

Singapore IRs suspending operations until May 4

Both Marina Bay Sands and Resorts World Sentosa have announced they will be suspending operations until May 4 as a Covid-19 countermeasure. These closures...

Cambodia union calls on operators to pay wages

A Cambodian trade union has called on casino operators in the country to pay up the last month’s wages and to maintain 50 percent of salaries during the closure of casinos, local media reports.
Kangwon Land

Kangwon Land and Grand Korea Leisure closures extended to April 20

Kangwon Land, the only casino in South Korea to allow locals to gamble, has again extended the closure of the property, this time until April 20th.
Secretary for Economy and Finance, Lei Wai Nong

Macau operators not conducting mass layoffs, casinos to remain open

Macau’s Secretary for Economy and Finance, Lei Wai Nong, has said so far gaming operators are not laying off staff and the government hoped to ask for the lifting of the individual visit scheme once the Covid-19 situation stabilizes.

VIP to lead recovery, but no reprieve in the near term

VIP gamers are expected to lead the recovery in Asia, but there is still no clarity as to when the markets will improve, with...

SkyCity lays off 200 people, sees smaller business after lockdown

SkyCity Entertainment Group issued a public statement on Friday morning announcing it was laying off 200 of its New Zealand employees immediately, and making...
Melco CEO Lawrence Ho

Melco grants shares worth $19m to CEO Lawrence Ho

Melco Resorts & Entertainment has granted restricted shares worth about $19.3 million to CEO Lawrence Ho, in part to preserve its cash position during the Covid-19 crisis.
macau-gaming-table

No immediate liquidity concerns for Macau operators

Macau’s six operators have enough liquidity for the next six months before they are likely to need to draw on debt financing, Bernstein Research reported.

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Coronavirus live updates: Singapore IRs suspending operations until May 4

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

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.

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.

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.

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...