Thursday, October 22, 2020
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Sands China hit with US$562 million loss in Q3

Sands China reported a net loss of US$562 million in Q3, with net revenues falling 92.1% year-on-year to US$167 million. Group-wide operating losses were US$610 million with an 82 percent decline in net revenues.
Genting Building

Little upside seen for Genting group stock

There’s little current upside seen for the stock price of the sprawling Genting Group empire, with both the parent company and its Genting Malaysia unit at risk of losing their place on the benchmark FBM KLCI index.

Macau government taxes from junkets fall in 2019

The Macau government has received MOP299 million (US$48.8 million) in taxes on commissions paid by casinos to junket operators in 2019, a 24 per cent year-on-year drop, according to the last year’s budget execution report.
Visa simplification key to Macau pickup

Visa simplification key to Macau pickup: Bernstein

The simplification of visa procedures for Chinese visitors is key to drive a more robust recovery in Macau, where this year’s Golden Week figures proved disappointing, according to a note from Bernstein Research.

NagaCorp says opening momentum sustained

NagaCorp said the momentum it has seen on its gaming floors since reopening to the public in August appears to have been sustained through to end September, led by the mass market.
Putin tightens tax controls

Putin tightens tax controls

Russian President Vladimir Putin has signed a bill into law that will require casino operators to step up their identification of patrons in a bid to improve tax revenue.
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.
Bloomberry seen breaking even at EBITDA level in Q4

Bloomberry seen breaking even at EBITDA level in Q4

Bloomberry Resorts is expected to break even on an EBITDA level by Q4 due to cost cuts and support from the local market, according to analyst Michael Ting, who publishes on Smartkarma.
Ha Tien Vegas opens September 18

Ha Tien Vegas opens Friday

Ha Tien Vegas is the latest of Cambodia’s casinos to restart, with plans to open its doors from Friday, September 18th.
New funding round values Dream Sports

New funding round values Dream Sports at US$2.5 billion

Dream Sports, the parent company of Dream11, has secured new funding worth $225 million, valuing the fantasy league company at $2.5 billion. 

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500 .com auditor resigns over disagreement on Japan bribery case

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500.com says no breach of foreign corrupt practices act

500.com says no breach of foreign corrupt practices act

Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act. 

Sega Sammy Creation reported US$15 million loss in FY2019

According to the official government record, Sega Sammy Creation lost JPY1.56 billion (about US$15 million) in the year ending March 31, 2020.
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