Genting Hong Kong says one of its wholly owned units has entered into contracts worth EU33.54 million ($38 million) with two Finnish companies for design and site assistance services for a cruise ship that it is building.
Under the accord, Deltamarin receives EU16.52 million and Elomatic Marine Engineering gets EU17.02 million.
The principal business of Deltamarin is ship design, offshore engineering and construction services for marine and offshore industries worldwide. The principal business of Elomatic Marine is engineering, technical consulting, turnkey solutions and products, software development, project management and product and service development.
Genting said it had contracted the two companies to help it meet its fleet expansion program on time.
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.
Predicting a spike in Covid-19 cases in January, Goa state Health Minister Vishwajit Rane has appealed to tourists to take precautions and to observe government appeals to wear masks and practice social distancing.
Operators in Entertainment City had already begun to complain about the impact of rising competition on their margins even prior to the Covid-19 crisis. Now, with the outlook highly uncertain due to border closures and the erosion of the VIP sector, they may have to contend with three new developments pressing ahead.
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.