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Local government revenues take pounding from Kangwon Land woes

The revenues of local governments in South Korea are being heavily impacted by the long-term suspension of operations at Kangwon Land, triggered by the Covid-19 pandemic, as well as a running dispute over the calculation of how much money the resort is obligated to pay to the abandoned mine fund.

Five POGOs have closed in recent weeks

Five Philippine Offshore Casino Operators (POGOs) have closed down due to a difficult business environment caused by the Covid-19, reports Philstar.  The information comes from...

Everi swings to net loss of $13.5 million in 20Q1

Everi Holdings Inc swung to a net loss of $13.5 million in the three months ended March 31, 2020, due mainly to March casino...

IPI at risk of closing permanently

Imperial Pacific International (IPI) has pleaded to the U.S. District Court for the NMI to stay or suspend proceedings related to a lawsuit filed...

Delta Corp confident in weathering Covid-19 storm

Management of India-listed casino operator Delta Corp said it does not believe the Covid-19 pandemic to have any significant impact on the financial results...

Melco Cyprus casinos to reopen mid-July

Melco Resorts’ Cyprus casinos will remain closed until at least mid-July, though some businesses on the Mediterranean island have been allowed to reopen, local...
Casino canberra

Aquis Entertainment stands down 90% of staff

Australia’s Aquis Entertainment said it was standing down 90 percent of its staff and executives are taking a pay cut after the closure of its Casino Canberra property as a result of the coronavirus.

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...

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...

New Zealand enters complete lockdown

New Zealand will go into complete lockdown, except for essential services, from midnight Wednesday. The government has raised the COVID-19 alert level from two to...

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