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Sands China hit with US$562 million loss in Q3

Sands China reported a net loss of US$562 million in Q3, with net revenues falling 92.1% year-on-year to US$167 million. Group-wide operating losses were US$610 million with an 82 percent decline in net revenues.
LVS to kick off Q3 earnings, with narrower loss expected

LVS to kick off Q3 earnings, with narrower loss expected

Las Vegas Sands will be the first of the major operators to report its Q3 results on Wednesday, providing a snapshot of how the recovery process from the pandemic is faring in three major gaming jurisdictions.

Half of Star slots operational on opening: JP Morgan

Half of the slot machines were in operation on the first day of opening to the general public of Star Entertainment’s property in Sydney, though business appeared to be brisk, according to analysts at J.P. Morgan.

Social distancing to cap Genting Malaysia visitation

Social distancing measures will cap capacity at Genting Malaysia and it may take two to three years before visitation levels get back to 2019 levels, Affin Hwang Capital Research said in a note, cited by The Edge.

Sega Sammy profits soar in FY2019

Sega Sammy Holdings’ financial report issued on Wednesday showed the firm recording rising sales and soaring profits. Net sales for the year ending March 31...

Galaxy EBITDA plunges 93 percent in 20Q1

Galaxy Entertainment released its 20Q1 financial statement on Wednesday revealing the anticipated economic impact of Covid-19, including a 93 percent year-on-year fall in EBITDA. Adjusted...

Wynn Macau swings to loss in 20Q1

Hong Kong-listed Wynn Macau saw its operating revenues decrease 62.9 percent in the first quarter of 2020, due to the impact of the coronavirus,...

MGM China expecting 63 percent reduction of net revenues in 20Q1

In a disclosure to the Hong Kong Stock Exchange, MGM China revealed it was expecting a 63 percent year-on-year reduction of net revenues in...

NZ announces NZ$12.5b stimulus package

The New Zealand government has released a NZ$12.1 billion ($7.5 billion) stimulus package to maintain jobs and boost the economy particularly to help the lower paid, beneficiaries and those whose jobs are at risk.

Aristocrat logs 29 percent rise in net profit in FY2019

Slot and gambling machine maker Aristocrat Leisure saw its profits after tax rise by nearly 29 percent in the one-year period to the end of September, reaching almost A$700 million (about US$476 million). The company’s total sales were nearly A$4.4 billion.

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