Wednesday, October 21, 2020
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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.

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.

Success Universe to swing to loss as gaming revenue evaporates

Success Universe warns that it will swing to a loss in the first half due to its share of “substantial” losses from the Ponte 16 casino in Macau.

Belle Corp H1 revenue plunges as gaming evaporates

Belle Corp posted a 52 percent drop in first half revenue as its share of gaming revenue from City of Dreams Manila plunged 87 percent.

Belle Q1 gaming revenue from COD Manila drops 39 percent

Belle Corp said its share of gaming revenue from the City of Dreams Manila dropped 39 percent in Q1 due to Covid-19 disruptions.

Genting Malaysia to “rightsize” workforce after Q1 loss

Genting Malaysia will reportedly cut jobs and reduce wages after reporting a loss for Q1 due to the Covid-19 pandemic.

Low bankruptcy risk seen for key cruise lines: Nomura

Royal Caribbean, Carnival Corp. and Norwegian Cruise Line Holdings all have a low risk of bankruptcy despite the crisis prompted by the Covid-19 pandemic, analysts at Nomura wrote in a note.
Wynn Casino

Wynn Macau sees 44% drop in Q1 revenue as cash burn continues

Wynn Macau said it expects a drop of as much as 44 percent in Q1 operating revenue due to the impact of the Covid-19 pandemic and expects to continue experiencing cash burn.

IPI 2019 revenue drops as VIP roll collapses

Imperial Pacific International reported a more than 77 percent drop in 2019 revenue and a wider loss as its VIP business dried up.

Donaco warns casino closures will have “material impact”

Australia-listed Donaco International has warned that the closure of its casinos in Vietnam and Cambodia will have a “material impact” on its business.

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