Genting Hong Kong has reached a financing accord with creditors under which it will receive EUR300 million ($362.2 million) in new funding and the renegotiation of interest and maturities on existing debt.
Hong Kong-listed Okura Holdings said it was closing down two of its pachinko parlours due to intense competition in the industry and the impact of Covid.
Crown Perth, which has had a choppy few weeks in terms of openings and forced Covid closures, said it's reopening from May 8th.
Delta Corp, India's only listed casino operator, said it had shut its casino in Sikkim due to a surge of Covid in the state.
Even before the Covid pandemic it was apparent that the pachinko industry, at least in its current form, possessed a dying business model. Recent events have only accelerated the trends.
The Philippines generated PHP30.02 billion ($624.9 million) in gross gambling revenue in Q1, down 28 percent from the same period last year, but higher than the PHP25.79 billion recorded in the final quarter of the year.
Paradise Co, an operator of foreigner-only casinos in South Korea, reported its monthly sales for April, which continue to show a choppy recovery falling 34 percent from the prior month.
Macau’s gross gambling revenue showed a modest improvement in April, rising 1 percent from the prior month, with all eyes now on the Golden Week holiday, which is expected to fuel a steeper gain in May.
Sihanoukville has imposed a mandatory 14-day quarantine on all passengers arriving by air from the capital and from Siem Reap to curb the spread of Covid.
Donaco International said its revenue in the March quarter plunged by half due to a new outbreak of Covid in Thailand and Cambodia resulting in border closures and the shutdown of its Star Vegas property.