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.
Bloomberry Resorts said its Bloomberry Resorts and Hotels unit signed, with a syndicate of banks, an amendment to the P73.5 billion ($1.5 billion) Omnibus Loan and Security Agreement for an additional facility in the principal amount of P20 billion. The facility was oversubscribed.
Imperial Pacific International is facing yet another lawsuit for its nonpayment of various contractors, workers, and others. This time, Xerox company is suing IPI for about US$183,000 for its failure to pay for services rendered and equipment rented.
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.