Monday, March 1, 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.

TRENDING ARTICLES

Jumbo Interactive sees revenues up 9% in latter half of 2020

Jumbo Interactive, the Australian lottery firm, delivered revenue of A$40.9 million (US$32.2 million), up 9.0 percent, with underlying EBITDA up 3.7 percent to A$24.1 million.
Aristocrat HQ

Aristocrat mulls M&A to expand in digital

Aristocrat Entertainment CEO Trevor Croker said the company plans to “significantly escalate” its focus on convergence products and services, which may involve mergers and acquisitions.

Aristocrat to “significantly escalate” focus on convergence products

Aristocrat Entertainment CEO Trevor Croker says the company plans to "significantly escalate" its focus on convergence products and has a strong enough balance sheet to support mergers and acquisitions in the sector. 

Genting Malaysia posts positive 2020 EBITDA, despite revenue plunge

Genting Malaysia reported positive adjusted EBITDA of RM350.3 million for 2020 despite seeing a 56 percent drop in revenue due to the Covid-19 pandemic.