Tuesday, April 7, 2020

Paradise Co. sees 60 percent drop in March casino revenues

South Korea’s Paradise Co. has reported a sharp decline in its March casino revenues by 60.5 percent on a year-on-year basis. Sales in the casino...

NagaCorp posts 15 percent GGR boost in 2020Q1 despite coronavirus

NagaCorp has reported to the Hong Kong Stock Exchange “relatively stable” financial results in the first quarter of 2020 “despite such challenging times,” including...

Melco International profits up 10.5 percent in 2019

Melco International Development has reported that its profits were up by 10.5 percent to HK$1.8 billion (US$234 million) for the full year of 2019. Net...

Delta Corp initiates buy-back plan

Delta Corp. has initiated an Rs. 125 crore (US$16.7 million) stock buyback plan in an attempt to arrest the sharp decline in its share...

MGM Resorts addresses financial impact of COVID-19

MGM Resorts International says it is implementing aggressive cost-saving initiatives to weather the COVID-19 crisis, after its properties across the United States were closed.  Since...

Staff redundancies inevitable: SkyCity CEO

As New Zealand has entered its fifth day of a near-total lockdown, casino operator SkyCity Entertainment Group is on negative credit watch from Standard...

Genting HK projects “major setback” from Covid-19

Genting Hong Kong, as part of its full year 2019, financial report, projected that the sectors it focuses on would suffer a “major setback”...

Suncity delays HOIANA opening to 2021

Suncity Group released its full-year 2019 financial results, recording lower total revenues and expanded losses as compared to the previous year. The group recorded a...

Paradise Entertainment withdraws from Waldo, reports 2019 results

Hong Kong-listed Paradise Entertainment has reported its 2019 annual results, including notice that it has withdrawn from management of the Casino Waldo. As for its...

Donaco describes impact of coronavirus on business

Australia-listed Donaco International on Tuesday released a statement describing the impact of the coronavirus crisis on business operations at its Star Vegas hotel, located...

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New Macau Covid-19 case may dent travel easing hopes: Bernstein

Macau has reported its first new Covid-19 case in a month, which may delay plans to begin easing travel restrictions to the territory, Bernstein Research says.

Australia casinos expected to join global closures this week: JPM

Australia’s casinos are expected to be forced to close their doors later this week, prompting analysts at JP Morgan to slash their earnings forecasts for the operators.

Tokyo goes under soft lockdown

Tokyo Governor Yuriko Koike announced on Wednesday night a series of measures that amounted to a soft lockdown of the Tokyo Metropolitan District. The governor...