MGM Resorts International’s biggest shareholder, Barry Diller’s IAC/InterActiveCorp, has vowed to help the company in its takeover attempt of Entain, willing to kick in an additional US$1 billion to get the deal done.
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.
SkyCity Entertainment has advised that from midnight this evening, it will be closing its Auckland casino and entertainment facilities and implementing physical distancing and hygiene requirements at its Hamilton and Queenstown properties in response to the policies of the New Zealand government.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
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.