Genting Malaysia recorded total revenues of over RM1.4 billion (US$354 million) in the third quarter of 2020, representing a 46 percent decline year-on-year. The group registered a net loss of RM726 million (US$182 million).
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.
The Yokohama City Council has begun its deliberations on whether or not to hold a popular referendum on IR development. Despite gaining more than three times the needed number of resident signatures, Mayor Fumiko Hayashi has asked that the referendum be rejected.
District Court for the NMI Chief Judge Ramona Manglona is getting tougher with senior executives of Imperial Pacific International, warning that unless Chairwoman Cui Li Jie and former Chief Executive Officer Donald Browne show up in her court on the morning of January 21, she may issue arrest warrants against them.
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.