Century Entertainment International Holdings has reported to the Hong Kong Stock Exchange that it is expected to record a loss attributable to owners of the company of approximately HK$6.2 million for the period from April-September 2020.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
MGM Resorts said it remains committed to Macau and will continue to act in the best interests of its stakeholders and shareholders. The comment came after a letter from an investor urging it to sell a stake in MGM China.
Philippine Offshore Gaming Operators (POGOs) have won a reprieve from a punishing franchise tax, which may stop the exodus from the country, but uncertainty over business conditions remains high, industry insiders say.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
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.