Monday, June 21, 2021
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The 13 Hotel

South Shore to lose engineering arm for failure to repay loan

South Shore Holdings, owner and operator of The 13 hotel, could lose its engineering arm in order to repay its debts to one of its major lenders. 
Grand Lisboa

SJM senior notes issue on MOX a first for Macau

SJM Holdings’ recent senior notes issuance marks the first time a major tourism business in Macau has issued debt instruments on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX)

Genting HK gets creditor green-light for holistic recapitalization

Genting Hong Kong has announced it has received formal written agreement from its financial creditors, partners, and stakeholders to undergo a “holistic recapitalization of the group” and extension of the group’s material financial indebtedness. 
Cotai strip, Macau

Macau’s U.S. operators still credit solid despite Covid

Moody’s Investors Service has completed a periodic review of Macau’s three U.S. operators, commenting that liquidity is relatively good and their long-term prospects are credit solid despite the hit from Covid.

Silver Heritage plans share issue to pay down debt

Silver Heritage said it plans to issue 53,000,795 ordinary shares at A$0.01 each to fund the retirement of debt.

Melco earnings recovery seen sluggish, debt rising: Moody’s

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. 

Donaco secures accord with lender, on track to pay off debt in 2021

Donaco International said it has secured an approval from its lender Mega Bank on the settlement of all legal cases related to the Thai vendors of its Star Vegas property in Cambodia. It says it is on track to repay all outstanding debt in 2021.
Dreamcruise Singapore Genting

Singapore cruise to nowhere may help lift Genting HK

In a rare glimmer of good news for the cruise industry, Genting Dream Cruises officially resumed sailing on Friday, with a trip to nowhere out of Singapore.

Genting outlook cut to negative by Fitch

Ratings agency Fitch has again taken its red pen to Genting Group and its subsidiaries, downgrading its outlook from negative to stable. The long-term issuer default rating remains at BBB.

South Shore board says efforts to wind up company negative for investors

The board of directors of South Shore Holdings says it rejects a petition to wind up the company, saying that such a move would destroy value of the firm with no recovery for shareholders.
AGE at ICC Sydney, 2021

Australasian Gaming Expo (AGE) 2021

The Australasian Gaming Expo (AGE) is the place to see new products and services, network, attend thought-provoking seminars, seek business partners and generate sales....
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.

Regulating the Game 2021

Esports BAR Cannes

AGBriefings, June, 2021, Resorts World Las Vegas

Asia Gaming Briefings – June 2021 Edition

For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
Asia Gaming Briefings, april 2021

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.