Thursday, July 9, 2020
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Reef Hotel Casino anticipates opening on July 11

The Reef Casino Trust reported to the Australian Securities Exchange on Wednesday that it anticipates that the Queensland government will allow it to reopen...

Australia likely to keep borders closed until next year

Australian tourism minister Simon Birmingham on Wednesday said it was “likely the case” that the ban on overseas travel will be extended to 2021,...

VIC to further lift coronavirus restrictions

Premier Daniel Andrews has confirmed further easing of coronavirus restrictions in the Victoria, which will boost customer capacity for hospitality venues such as pubs...

Donaco granted reprieve from its principal lender

Donaco International Limited has announced that its principal lender, Mega International Commercial Bank has agreed to the deferral of the US$5 million principal payment...

Crown Perth reopening some restaurants

Crown Perth is launching the first stage of its return to business this weekend, with eight of the property’s 35 restaurants and bars resuming...

Donaco to keep CEO Arbuckle until his replacement is found

Donaco International announced on Wednesday that Chief Executive Officer Paul Arbuckle would continue to serve in his post on a month-to-month basis until his...

The Star opens for limited VIP business, restaurants

The Star casino in Sydney is set to reopen its VIP gaming rooms and up to twelve food and beverage venues starting from 4pm...

Trans-Tasman travel bubble is advancing

A working group of business and government leaders from Australia and New Zealand are fortifying plans to create a trans-Tasman travel bubble, which will...

Aristocrat sees movement in digital as land revenues hit by Covid-19

Aristocrat Leisure on Thursday announced its financial results for the six months ended March 31. Group revenue increased 7 percent to A$2.25 billion (US$1.5 billion),...

Receivers and managers appointed for Silver Heritage

In an announcement to the Australian Securities Exchange on Wednesday, it was announced that John Park and Joseph Hansell of FTI Consulting have been...

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Wynn Macau sees EBITDA breakeven at 45-50 percent of former GGR rate

Wynn Macau said it expects the VIP and premium segment to lead the recovery and forecasts to be able to break even on an adjusted property EBITDA basis once gross gambling revenue returns to between 45 percent and 50 percent of its prior run rate.

Social distancing to cap Genting Malaysia visitation

Social distancing measures will cap capacity at Genting Malaysia and it may take two to three years before visitation levels get back to 2019 levels, Affin Hwang Capital Research said in a note, cited by The Edge.

Caesars requires masks-on at all times at its properties

Caesars Entertainment Corp has implemented a universal mask policy across all of its properties starting Wednesday, June 24, 2020, according to a company announcement.  The...

Paradise Co. adopts emergency cost-cutting measures

Paradise Co. is shifting gears and will implement emergency cost-cutting measures, including sending more executives on furlough and closing down operations at key facilities. According...