Wednesday, October 21, 2020
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Paradise Hotel Busan

Trouble in Paradise?

Hints continue to emerge in the Korean media that Paradise Co. may be in a rather deep financial crisis, with the latest word being that investors are keeping their distance as the firm struggles to increase its liquidity.

Paradise Co. struggles to boost liquidity

Paradise Co. is reportedly seeking to boost its liquidity after taking "a direct hit" from the ongoing coronavirus pandemic.

Alvin Chau provides US$500 million in personal funds to boost Suncity

Suncity Group has announced that its chairman, Alvin Chau, will exchange his existing shareholder loans worth about US$500 million into Perpetual Securities, a move...

China online gaming crackdown hurting VIP: Reuters

China’s clampdown on online gaming to stop capital outflows is having a negative impact on liquidity in Macau’s VIP sector, Reuters reports.

Moody’s says Asia operators have enough cash for a year

Nine listed gaming operators in the Asia Pacific region are likely to see a plunge of about 70 percent in EBITDA this year, but all should have sufficient cash to cover basic needs for the next year, Moody’s Investors Service said.

NagaCorp proposes notes issuance to aid liquidity

Hong Kong-listed NagaCorp, operator of NagaWorld in Phnom Penh, Cambodia is proposing to conduct international notes offering to investors in Asia and Europe in...

Sands China to increase liquidity with senior notes issuance

Macau casino operator Sands China Ltd has announced the issuance of senior unsecured notes due 2026 and 2030, with net proceeds of approximately US$1.5...
MGM China

MGM China has funds to operate for 15 months: Bernstein

Bernstein Research took a detailed look at the liquidity of MGM Resorts and MGM China in a report issued last Thursday, concluding, among other...
macau-gaming-table

No immediate liquidity concerns for Macau operators

Macau’s six operators have enough liquidity for the next six months before they are likely to need to draw on debt financing, Bernstein Research reported.

Aristocrat may have acquisition opportunities: JPM

Aristocrat Entertainment is likely to emerge from the current crisis with a larger land-based footprint in the medium-term and may be well placed to expand through acquisitions of weaker rivals, JP Morgan said in a note.

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