Asia

The last two of Macau’s operators released Q4 results on Thursday, with both returning to profit at the EBITDA-level and expressing confidence in the market recovery.

Melco Resorts & Entertainment said it had returned to positive EBITDA in Q4, although revenue was down 64 percent from the prior-year quarter.

All three segments of the Jin Bei Hotel as well as the Horng Gon Chea Yi Hotel in Sihanoukville have been closed down after two Chinese women were diagnosed with Covid-19.

Cambodia and Macau are expected to lead the recovery in Asia-Pacific gaming this year, trailed by Singapore and the Philippines, according to a report from Colliers International. Cambodia's gross gambling revenue may hit 60 percent of its pre-Covid base.

Pachinko operator Okura Holdings said Profit for the period attributable to shareholders of the in the six months to end December decreased to 23 million yen, compared with 224 million yen the year earlier.

Success Universe said it expects to post a 2020 loss of between HK$130 million to HK$150 million  compared with a profit of approximately HK$74.2 million for 2019, in part due to losses at its Ponte 16 property in Macau.

Galaxy Entertainment posted adjusted EBITDA of HK$1 billion for Q4, an increase of 207 percent from its loss in the prior quarter. Revenue surged 229 percent quarter-on-quarter.

Ainsworth Game Technology has posted a 32.8 percent drop in revenue in the six months to December and its loss widened to AS$50 million, mainly due to an impairment charge on its Latin American business. 

Resorts World Manila Chief Operating Officer Stephen Reilly has introduced the property's new Grand Wing, which has been under construction for five year in a near ten minute video. The production highlights the health and safety options, as well as the hotels, restaurants and swimming pool facilities.

Fitch Ratings predicts a slow return in international tourism flows across the Asia Pacific to begin in 2H21, but arrivals will remain well below pre-pandemic levels and projections will depend on virus containment and effective vaccine distribution.