Vicky Melbourne, head of industrials, property and consumer for South Asia and Southeast Asia at Fitch Ratings, talks with Asia Gaming Brief managing editor Sharon Singleton about the impact of Covid-19 on the credit profile of the region’s operators. She discusses the likelihood of major capital expenditure plans going ahead and why she doesn’t necessarily expect consolidation 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...
Genting Malaysia's U.K. unit has permanently closed its casino in Southport in Northwest England, with 38 staff facing redundancy. The group has already closed casinos in Margate, Torquay and Bristol and has reduced its workforce in London, Glasgow, Edinburgh, Blackpool and Birmingham.
Donaco International has reported that it has returned to positive EBITDA for October and November, and seems to be on course for December as well. This is framed as being part of a trend of overcoming the Covid-19 pandemic’s impact.
Four workers from Mainland China threatened to jump from a building under construction as part of Galaxy Entertainment's Phase 3 & 4 expansion project due to a labour dispute. The Fire Department persuaded the workers to descend and no one was hurt in the incident.