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 price due to the closing of its casinos in Goa and Sikkim.
The casino shutdowns were a result of a directive from the Indian government and a subsequent 21-day lockdown due to the coronavirus outbreak in the country.
Under the buyback scheme, Delta Corp will be permitted to buy-back its fully paid-up equity shares from members of the company, up to around 4.61 percent of the total equity share capital of the company at maximum buy-back price.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
The number of visitors to South Korea is set to drop to a 32-year low in 2020, due to the impact of the pandemic. The number of tourists arriving Jan-Oct. slumped 83.6 percent.
Spooked by reports of a more infectious variant of Covid-19 emerging from the United Kingdom, the Macanese government is significantly tightening its entry restrictions, effective today.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
