Dynam Japan Holdings said it didn’t expect to make a profit in the current quarter after the government ordered the closure of its pachinko parlours in Japan, but does expect to be back in the black for the full financial year, ending March 2021.
Genting Malaysia said its properties will remain closed until May 12 after the government extended the country’s Movement Control Order (MC).
Australia-listed Donaco International has warned that the closure of its casinos in Vietnam and Cambodia will have a “material impact” on its business.
Vietnam’s Prime Minister has warned major cities to prepare for a lockdown as it seeks to control the spread of the coronavirus.
Cambodian Prime Minister Hun Sen has ordered the closure of all casinos in the country to halt the spread of the coronavirus and said the Finance Ministry will work with the operators on tax exemptions during the time they are closed.
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.
Multiple casinos across the U.S. have announced they are temporarily closing due to the coronavirus, with properties in Massachusetts, Indiana, Ohio, Illinois and Pennsylvania all shuttering their operations.
Russia has passed a bill that doubles tax rates for both land-based casinos and bookmakers, with even more hikes in the pipeline, raising concern the ever shifting sands of regulation are changing the outlook for the industry and threatening foreign investment. Steve Gallaway, managing partner at Global Market Advisors, says the “changes to the tax regime are devastating for the IEZ (Integrated Entertainment Zone) in Primorye,” referring to the most developed of Russia’s gaming zones.
Macau has lost two of its non-gaming attractions this past weekend, with Sands Cotai Central hosting its final Po’s Kung Fu Feast Character Breakfast...
The Philippine Amusement and Gaming Corp. has cut its forecasts for 2017 gross gambling revenue, in part because of the June attack on Resorts...
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