Sunday, May 9, 2021
SJM Grand Lisboa

SJM Holdings Q3 misses estimates on weak VIP

SJM Holdings reported lower-than-expected Q3 EBITDA as VIP gross gambling revenue tumbled 43 percent in the quarter.

MGM only accepted bidder for Osaka IR

The Osaka Prefectural Government released a press statement on Friday regarding the screening of candidates for the Osaka Yumeshima IR. Only one candidate made...

Kangwon Land extends closure yet again to March 23

Kangwon Land has announced that it will yet again extend its closure until March 23 over concerns about the spread of Covid-19 infection in...

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.

SunCity grants employees special leave during casino closure

Macau junket operator SunCity Group is granting its employees special paid leave during the 15-day closure of casinos in Macau, local media reports. SunCity CEO...

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.

Cambodia gaming bill expected early 2020

Cambodia is expected to publish long-awaited legislation to regulate its gaming industry in early 2020, with the bill scheduled to introduce a system of taxation based on gross gaming revenue.

Korean investor in talks to develop entertainment complex in Primoyre

A Korean company is in talks with the Primorye Development Corporation about a possible RUB18 billion (US$263.6 million) entertainment project in the local gaming...
Resorts World Sentosa

Genting Singapore execs agree pay cuts, Genting Malaysia closes property

Genting Singapore said its executives and senior management have agreed to pay cuts to help to offset the impact of the coronavirus on its earnings, which it warns is likely to be significant.

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Zitro shortlisted twice in London Global Gaming Awards

Zitro has been shortlisted twice for the prestigious Global Gaming Awards London 2021, to be held on June 28th, coinciding with Clarions ICE Connect event.

Genting HK agrees financing package with creditors

Genting Hong Kong has reached a financing accord with creditors under which it will receive EUR300 million ($362.2 million) in new funding and the renegotiation of interest and maturities on existing debt.
Resorts World Sentosa

Genting Spore Q1 casino revenue ticks higher, other metrics deteriorate

Genting Singapore has reported a 2 percent increase in casino sales from the final quarter of last year, indicating the pent-up demand that had been driving performance has largely stalled.

Okura Holdings to close two underperforming pachinko halls

Hong Kong-listed Okura Holdings said it was closing down two of its pachinko parlours due to intense competition in the industry and the impact of Covid.