TagState of Emergency
The Genting Group’s U.S. operations continued to see an improvement in gross gambling revenue in the three months to end-May, according to Nomura which tracks the data on a rolling basis.
Macau’s operators are reportedly asking staff to take various forms of leave after being told to reduce the number of employees at work by 90 percent.
The South Australian regulator plans to launch an inquiry into SkyCity Entertainment’s operations in Adelaide, saying recent probes elsewhere have revealed systemic problems in the country’s casino industry.
All of Macau’s six operators are likely to post EBITDA losses in 2Q22 after gross gambling revenue for June hit its lowest level in 21 months, says J.P. Morgan.
Century Entertainment plans to reopen its gaming table business in Sihanoukville, Cambodia, in the second half of the year, bring business back to normal and reducing the net loss of HK$3.7 million posted for 2Q2022.
Light & Wonder, formerly Scientific Games, has entered into an agreement for the sale of OpenBet to global sports and entertainment company Endeavor for $800 million, as a final step to streamline its portfolio to focus on cross-platform gaming solutions
Universal Entertainment said it plans for a “prompt” merger between its Philippines’ unit and 26 Capital prior to a September 30th deadline.
An inquiry into whether Star Entertainment is suitable to hold its casino license in Queensland will begin in July and will focus on five key areas. The probe will be headed by former judge, the Honourable Robert Gotterson.