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Tabcorp secures debt waivers as part of Covid-19 response

Australian wagering giant Tabcorp announced it has secured agreement from its bank lenders for a waiver of leverage and interest cover covenants in response...

Aristocrat prices new US$500 million loan facility

Australia-listed Aristocrat Leisure on Monday announced the pricing of a new US$500 million term loan, with the aim of strengthening the group’s liquidity and...

Silver Heritage enters into voluntary administration

Australia-listed Silver Heritage Group has announced it has entered into voluntary administration as of Monday 18th May. According to the company’s announcement to the ASX,...

Australia aims to reopen the economy by July

The Australian government has announced a three-phase plan to fully reopen its economy by July.  According to Prime Minister Scott Morrison, the first step would...

Australia court lifts freeze order on Donaco shares

The Supreme Court of New South Wales has lifted a freeze order that restricted a group of Thai businessmen from selling a 17.99 percent stake in Donaco International.

Crown normalized EBITDA reaches A$500 million

Crown Resorts on Monday reported a normalized EBITDA of approximately A$500 million (US$321.6 million) for the period from 1 July 2019 to 23 March...
Crown-Melbourne

Melco offloads Crown Resorts stake at 37.3 percent discount

Melco Resorts & Entertainment has sold its remaining 9.9 percent stake in Crown Resorts to affiliates of the Blackstone Group for A$8.15 ($5.31) a share.

Research on COVID-19 impact on gaming to launch

Responsible gaming researcher Sally Gainsbury is preparing to launch a research study on the impact of COVID-19 on gambling in Australia. The research aims to...

Aristocrat stands down, lays off a total of 1,200 employees

Aristocrat Leisure announced on Monday that it would be standing down approximately 1,000 of its roughly 4,000 staff members, principally in its land-based sales,...

Casinos face challenge in avoiding reopening headaches

The Covid-19-mandated lockdown of global casinos is one of the biggest crises the industry has had to face and getting the reopening right once the pandemic subsides is also going to present a major challenge.

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Coronavirus live updates: Renewed Victoria lockdown hits Crown Melbourne reopening plans

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

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...