Monday, November 30, 2020
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Paradise Hotel Busan

Trouble in Paradise?

Hints continue to emerge in the Korean media that Paradise Co. may be in a rather deep financial crisis, with the latest word being that investors are keeping their distance as the firm struggles to increase its liquidity.

Paradise Co. struggles to boost liquidity

Paradise Co. is reportedly seeking to boost its liquidity after taking "a direct hit" from the ongoing coronavirus pandemic.

Alvin Chau provides US$500 million in personal funds to boost Suncity

Suncity Group has announced that its chairman, Alvin Chau, will exchange his existing shareholder loans worth about US$500 million into Perpetual Securities, a move...

China online gaming crackdown hurting VIP: Reuters

China’s clampdown on online gaming to stop capital outflows is having a negative impact on liquidity in Macau’s VIP sector, Reuters reports.

Moody’s says Asia operators have enough cash for a year

Nine listed gaming operators in the Asia Pacific region are likely to see a plunge of about 70 percent in EBITDA this year, but all should have sufficient cash to cover basic needs for the next year, Moody’s Investors Service said.

NagaCorp proposes notes issuance to aid liquidity

Hong Kong-listed NagaCorp, operator of NagaWorld in Phnom Penh, Cambodia is proposing to conduct international notes offering to investors in Asia and Europe in...

Sands China to increase liquidity with senior notes issuance

Macau casino operator Sands China Ltd has announced the issuance of senior unsecured notes due 2026 and 2030, with net proceeds of approximately US$1.5...
MGM China

MGM China has funds to operate for 15 months: Bernstein

Bernstein Research took a detailed look at the liquidity of MGM Resorts and MGM China in a report issued last Thursday, concluding, among other...
macau-gaming-table

No immediate liquidity concerns for Macau operators

Macau’s six operators have enough liquidity for the next six months before they are likely to need to draw on debt financing, Bernstein Research reported.

Aristocrat may have acquisition opportunities: JPM

Aristocrat Entertainment is likely to emerge from the current crisis with a larger land-based footprint in the medium-term and may be well placed to expand through acquisitions of weaker rivals, JP Morgan said in a note.
Solid Gaming

Knowledge trumps content in Asia’s complex i-gaming world

In Asia’s complex and diverse igaming landscape, having the right content means business success only if one more key ingredient is included - market knowledge. 

Instant and secure deposits

AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...

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 Attracting Players, Not Fraudsters

Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
Winning The Future Chinese Tourist

Winning the Chinese Tourist & China Tourism Blacklist

The AGB Webinar hears from Professor Wolfgang Arlt of COTRI, Shirley Tam of Okada Manila and Desmond Lam of UMAC to discuss future expectations...
gaming webinar south korea

South Korea Casino Recovery

The fifth edition of the AGB Webinar Series will take you to South Korea, one of the first countries to reopen their gaming industry...

Betting on Sports America

SBC Awards 2020

Sigma Malta Show

SIGMA Malta

Sigma Malta Show

SIGMA Manila

news, macau, gambling

Asia Gaming Briefings – Nov 2020 Edition

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.
asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
asia gaming briefings Sep 20

Asia Gaming Briefings – Sep 2020 Edition

IN FOCUS: SPORTS BETTING Ball games bounce back. Major sporting events are slowly ramping up around the world and with them the drama and surprises, not all of them good for sports betting operators.