Sunday, January 17, 2021

Cruise stock rally pauses as sailings delayed

Major cruise lines have been pushing back their planned dates to resume sailing as the Covid-19 pandemic drags, helping to dampen a fourth-quarter rally in stocks.

Interview with Ankush Gera: Skills for operating in India [video]

Ankush Gera, founder and CEO of Junglee Games, talks with Asia Gaming Brief Managing Editor Sharon Singleton about the growth of the skill-based gaming market in industry in India, some of the regulatory and operating challenges and what’s driving growth. 

OTHER NEWS

Hard Rock International said it has acquired the casino premise license from The Ritz Club in London, UK. This transaction will allow Hard Rock to seek out and establish a new casino premise in London, continuing Hard Rock’s expansion into major gateway cities around the world.
Genting Malaysia's U.K. unit has permanently closed its casino in Southport in Northwest England, with 38 staff facing redundancy. The group has already closed casinos in Margate, Torquay and Bristol and has reduced its workforce in London, Glasgow, Edinburgh, Blackpool and Birmingham.
Macau's gross gambling revenue in the fourth quarter of 2020 was MOP22 billion ($2.75 billion), with mass market baccarat and slots making up about 65 percent of the total, according to quarterly figures released by the Gaming Inspection and Coordination Bureau.
South Korean police say they believe they have located the bulk of the KRW14.56 billion ($13.3 million) missing from the Jeju Shinhwa World casino are are seeking three suspects. 
Everi Holdings has announced that David Lucchese, its executive vice-president of sales, marketing, and digital, has been appointed President of AGEM (Association of Gaming Equipment Manufacturers).
Caesars Korea, a major IR development project in Incheon, may have its license canceled in March due to the long suspension of construction activities and the failure to meet various benchmarks and commitments.
For the first time in decades, the Democratic Party has gained control of the CNMI House of Representatives. Appointed to head the House Committee on Gaming is Representative Edwin Propst, a known critic of Imperial Pacific International.
G2E Asia said it is postponing its show in Macau until August 17-19 from its regular May slot due to Covid-19. The exhibition will take place in the Venetian.
Sportradar said it has entered a partnership with the Asian Football Confederation to become the official video and data distribution partner for national team and club competitions.
Melco Resorts & Entertainment's earnings outlook for 2021 remains sluggish due to the ongoing pandemic and movement restrictions, while its corporate debt is rising due to expansion plans, Moody's Investor Services says. 
Macau's Gaming Service Index improved by 17 points to 130 in the fourth quarter of 2020, with the survey finding staff were smiling more, up 41 points. The survey is compiled by the Macau Gaming Research Association.
Macau's Judiciary Police has announced that it has indicted four local residents for fraud over the sale of HK$1.47 million (US$189,790) in fake VIP gaming chips to two businessmen, while a fifth suspect remains at large.
Melco Resorts Finance Limited has announced that it has priced its international offering of 5.375 percent senior notes due 2029.
Las Vegas Sands management transition has been well anticipated and well planned and the company's executives are well positioned to maintain the broad strategy that has been in place, analysts at Bernstein said.
Resorts World Genting says its reducing its capacity, cutting its operating hours and closing some facilities due to anticipated lower visitor arrivals amongst Malaysia's latest round of restrictions to curb rising Covid-19 cases.
The number of kidnapping cases involving Philippine Offshore Gaming Operators (POGOs) almost doubled last year to 17 during the Covid-19 pandemic. There were 10 cases filed, 23 victims rescued, 33 suspects arrests and two suspects killed.

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