Monday, October 18, 2021
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Casino canberra

Aquis says June quarter revenue strong, restrictions eased

Australia's Aquis Entertainment said revenues in the three months to end June remained strong and the company was cash-flow positive in the quarter.

The 13 sells off Rolls Royce Phantom to help cash flow

South Shore Holdings, the owner of the ultra luxury The 13 hotel in Macau, said it has sold off one of its customised Rolls Royce Phantom cars for HK$3.4 million ($449,664) to help with cash flow.

Casino Canberra quarterly revenue strong, cash flow positive

Aquis Entertainment said Casino Canberra's business revenue in the most recent quarter was strong and its net operating cash flow was positive. All operational employees have returned to pre-shutdown working hours.

IPI seeks accord on account to continue works

Imperial Pacific International is seeking permission to form a restricted account, instead of posting a bond, that will allow it to maintain cash flow to pay employees on time, according to local media 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.
Okada Manila

Fitch sees 70% Q2 revenue drop for Okada, downgrades Universal

Fitch Ratings has downgraded Universal Entertainment’s credit rating due to the impact of the coronavirus on the gaming industry and said it expects the group’s Okada Manila property to post a 70 percent drop in Q2 revenue.
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.

Coronavirus to have cash flow effect on Macau casinos

Rating agency Fitch Ratings said it expects the coronavirus to have a significant cash flow effect on Macau casinos as governments’ precautionary measures continue.  However,...
Genting New York

Genting defends Empire acquisition

Genting Malaysia has issued a statement defending its proposed acquisition of Empire Resorts saying the combination is in the best interests of both companies’ shareholders.
Nagaworld

Naga 3 to be 90 percent non-gaming with focus on tech

NagaCorp says 90 percent of its $3.5 billion Naga 3 property will consist of non-gaming amenities, with a strong focus on high-tech elements.

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