Monday, October 26, 2020
Home loss

loss

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.
Ainsworth swings to 2020 loss, focuses on game content

Ainsworth swings to 2020 loss, focuses on game content

Ainsworth Game Technology said it will prudently invest in research and development to position itself for a long-term post-pandemic recovery.

Genting HK soothes investor nerves on funding

Genting Hong Kong’s results briefing provided some reassurance that the loss-making company will be able to raise enough funds from the investment community without needing other entities in the group to bail it out.

Donaco sees progress towards opening borders in SE Asia

Donaco International said it has seen “significant progress” in moves towards reopening borders in Southeast Asia and its two casinos will be ready to resume operations as soon as the situation warrants.

Ainsworth sees progress in online gaming

Ainsworth Game Technology is the latest supplier to point to progress in its online offerings, as Covid-19 hits the land-based side of the business.

RGB swings to Q2 loss

Malaysian supplier RGB International swung to a loss in Q2 as Covid-19 forced the closure of its servicing centres and it sold fewer products.

Melco committed to building world’s best IR in Japan

Melco Resorts & Entertainment CEO Lawrence Ho said his company is still committed to building a world-beating IR in Japan and is in a strong financial position, despite swinging to a loss in Q2 due to Covid-19.

Star July gaming revenue at 80% of prior year; domestic investment bears fruit

Star Entertainment Group said its domestic gaming revenue in July reached 80 percent of the prior calendar year and that investment in its properties will enhance long-term growth potential.
Australia tabcorp

Tabcorp digital turnover grows, though group posts loss

Tabcorp digital turnover outstripped retail turnover for the first time in a full year after Covid-19 forced the closure of its outlets and tipped the group to an $870 million ($631.8 million) loss.

TRENDING ARTICLES

Macau Casino Dealer

Coronavirus live updates: Macau gaming workers to face more Covid-19 tests

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
gambling chips

Asia turns up heat on online gambling

Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
Puducherry government urges blanket ban on online gambling

Puducherry government urges blanket ban on online gambling

The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
asia gaming briefings OCT 20

Asia Gaming Briefings – Oct 2020 Edition

Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
asia gaming briefings Sep 20

Asia Gaming Briefings – Sep 2020 Edition

IN FOCUS: SPORTS BETTING Ball games bounce back. Major sporting events are slowly ramping up around the world and with them the drama and surprises, not all of them good for sports betting operators.
Asia Gaming Briefings AUG 2020

Asia Gaming Briefings – Aug 2020 Edition

IN FOCUS: AUSTRALIA Reopening pubs, online rethink and reflections on gambling behaviour The country tackled the first wave of the epidemic with relative success, however,...