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Vietnam prepares for lockdown, casinos to close

Vietnam’s Prime Minister has warned major cities to prepare for a lockdown as it seeks to control the spread of the coronavirus.

Sands China amends terms on $2b credit facility

Sands China says its lenders have agreed to amendments to a US$2 billion revolving credit facility to avoid being declared in default if some conditions are not met during the crisis.

Covid-19 turns out lights in most of Asia’s casinos

From India to Australia, casinos across the Asia Pacific region have closed their doors in response to efforts to combat the spread of the coronavirus, with little to no visibility at present as to the evolution of the situation.

Quod AI

Ho Chi Minh-based start up focused on AI

Herve Roussel

Founder of Ho Chi Minh City-based Quod AI

HOIANA secures US$34 million loan

Hong Kong-listed Suncity Group has announced that the company behind HOIANA Integrated Resort has been advanced a new loan of around US$34 million to...

International casino operator sought for Vietnam IR project

KN Paradise Cam Ranh Integrated Resort on Tuesday announced it has been given the green-light from the government to develop a large-scale casino complex...

APT tour goes ahead, WPT cancels

The Asia Poker Tour says its upcoming event in Taiwan in March will go ahead as planned, despite the Covid-19 outbreak, though the World Poker Tour is postponing its event on the island and is cancelling another scheduled in Vietnam.

Economic toll deepens, but underlying optimism intact

The Coronavirus, now renamed as Covid-19, has devastated the near-term outlook for Asia’s casino operators, though analysts still expect demand to snap back sharply once the outbreak is under control. The big question is when that might be.

Donaco’s Vietnam property hit hard by coronavirus impact

Donaco International informed the Australian Stock Exchange that its Aristo International Hotel in Lao Cai, Vietnam, which borders China’s Yunnan Province, has been badly...

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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...