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Corona Casino achieved H1 revenues of US$30 million despite pandemic
The Vietnam Ministry of Finance said that despite complicated epidemic diseases in the first half of 2020, the Corona Casino in Phu Quoc achieved revenue of about VND700 billion (US$30 million) and paying taxes of about VND212 billion.
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.
Little upside seen for Genting group stock
There’s little current upside seen for the stock price of the sprawling Genting Group empire, with both the parent company and its Genting Malaysia unit at risk of losing their place on the benchmark FBM KLCI index.
Macau government taxes from junkets fall in 2019
The Macau government has received MOP299 million (US$48.8 million) in taxes on commissions paid by casinos to junket operators in 2019, a 24 per cent year-on-year drop, according to the last year’s budget execution report.
Visa simplification key to Macau pickup: Bernstein
The simplification of visa procedures for Chinese visitors is key to drive a more robust recovery in Macau, where this year’s Golden Week figures proved disappointing, according to a note from Bernstein Research.
NagaCorp says opening momentum sustained
NagaCorp said the momentum it has seen on its gaming floors since reopening to the public in August appears to have been sustained through to end September, led by the mass market.
Putin tightens tax controls
Russian President Vladimir Putin has signed a bill into law that will require casino operators to step up their identification of patrons in a bid to improve tax revenue.
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.
Bloomberry seen breaking even at EBITDA level in Q4
Bloomberry Resorts is expected to break even on an EBITDA level by Q4 due to cost cuts and support from the local market, according to analyst Michael Ting, who publishes on Smartkarma.
Ha Tien Vegas opens Friday
Ha Tien Vegas is the latest of Cambodia’s casinos to restart, with plans to open its doors from Friday, September 18th.
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