Tuesday, October 20, 2020
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Ainsworth swings to 2020 loss, focuses on game content

Ainsworth swings to 2020 loss, focuses on game content

Ainsworth Game Technology said it will prudently invest in research and development to position itself for a long-term post-pandemic recovery.

Donaco sees progress towards opening borders in SE Asia

Donaco International said it has seen “significant progress” in moves towards reopening borders in Southeast Asia and its two casinos will be ready to resume operations as soon as the situation warrants.

Ainsworth sees progress in online gaming

Ainsworth Game Technology is the latest supplier to point to progress in its online offerings, as Covid-19 hits the land-based side of the business.

SkyCity raises FY20 earnings guidance

SkyCity Entertainment has raised its guidance for earnings for the 2020 fiscal year due to higher estimates from insurance proceeds for fire damage at the New Zealand International Convention Centre last year.

Star July gaming revenue at 80% of prior year; domestic investment bears fruit

Star Entertainment Group said its domestic gaming revenue in July reached 80 percent of the prior calendar year and that investment in its properties will enhance long-term growth potential.
Australia tabcorp

Tabcorp digital turnover grows, though group posts loss

Tabcorp digital turnover outstripped retail turnover for the first time in a full year after Covid-19 forced the closure of its outlets and tipped the group to an $870 million ($631.8 million) loss.

New Silkroad unit faces Korea litigation, see no progress on Jeju IR

New Silkroad Culturtainment said its South Korean unit faces ongoing litigation on the island of Jeju, while its plans for an integrated resort there have not progressed due to financing issues.

IPI 2019 revenue drops as VIP roll collapses

Imperial Pacific International reported a more than 77 percent drop in 2019 revenue and a wider loss as its VIP business dried up.

Landing seeks HK$137.1m for Jeju ops, says 2019 loss widens

Landing International Development posted a wider loss for 2019 and said it’s seeking to raise $137.1 million ($17.6 million) through a placing of shares to support general working capital for its operations on Jeju Island, South Korea.
Tiger Palace Resort, Nepal

Silver Heritage loss widens on Nepal impairment charges

Australia-listed Silver Heritage Group said its 2019 loss attributable to shareholders widened significantly due to impairment charges on its operations in Nepal.

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