Hong Kong-listed Pioneer Entertainment said it expects to record an unaudited loss of approximately HK$4 million for the three months ending March 31, 2020, due to a slowdown caused by the coronavirus.
The group is expected to record a 70 percent decrease in revenue to HK$2.3 million, down from HK$7.9 million in the prior-year period due to a reduction in new orders from its major customers – the Macau casino operators.
The company explained that the temporary closure of casino operations during February has delayed and canceled orders.
The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
In Asia’s complex and diverse igaming landscape, having the right content means business success only if one more key ingredient is included - market knowledge.
The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
The Philippines and Asia's online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
IN FOCUS: SPORTS BETTING Ball games bounce back. Major sporting events are slowly ramping up around the world and with them the drama and surprises, not all of them good for sports betting operators.
