In a report last year, ratings agency Moody’s predicted a surge in merger and acquisitions between online and land-based gambling operators as the latter seek to cement new revenue streams after the chaos wreaked by Covid-19.
Jennifer Song, equity analyst with Morningstar, speaks with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a key catalyst for growth.
Paradise Co. has reported its fourth quarter and full year financial results for the year 2020, recording full year net losses on its controlling interest of KRW109.8 billion (US$97.8 million).
The last two of Macau’s operators released Q4 results on Thursday, with both returning to profit at the EBITDA-level and expressing confidence in the market recovery.
Authorities in Sihanoukville have warned visitors not to e to the city and urged its residents to stay in place to curb the spread of a new outbreak of Covid-19.
Moody’s Investors Service has confirmed Crown Resorts' current issuer credit rating of Baa3, but has revised the rating outlook from review for downgrade to negative.
Galaxy Entertainment Group has signed an accord with Accor to bring storied hotel brand, Raffles, to Macau with the opening of an exclusive all-suite tower, Raffles at Galaxy Macau in the second half of 2021.
Macau's gross gambling revenue was down 39.2 percent in February from the prior year period at MOP7.31 billion ($914 million) and was also lower than the MOP8.02 billion recorded in January.
State-backed Grand Korea Leisure has announced that it is once again extending the Covid-related business suspension of its two Seoul casinos, this time to March 15.
Delta Corp has revealed plans to build a replacement casino ship valued at about INR1.5 billion (US$21 million) as a replacement for an older ship on the Mandovi River in Goa. The new ship is expected to e into operation in mid-2022.
Following a statement issued by the Victorian government, operating conditions at Crown Melbourne were eased with effect from this past weekend.
Rich Goldman has reported revenues at HK19.2 million (US$2.5 million) for the six-month period from July to December 2020. Losses for the period exceeded HK$18.9 million.
Aquis Entertainment has reported its preliminary final report for the full year 2020. Revenue from operations decreased 23.7 percent to A$18.9 million (US$14.9 million).
An unexpected factor may impact the crucial Yokohama mayoral election scheduled for August, and that is the fact that 74-year-old Fumiko Hayashi may be in failing health.
The Anti-Money Laundering Council (AMLC) has relaxed the registration guidelines for Philippine offshore Gaming Operators (POGOs) as well as for real estate developers and brokers.
Senate President Jude Hofschneider (R-Tinian) has asked fellow senators to not only focus on the faults of Imperial Pacific International, reminding them that IPI paid a total of US$204.8 million in taxes and fees from 2015 to 2018.
SkyCity Entertainment has advised that from midnight this evening, it will be closing its Auckland casino and entertainment facilities and implementing physical distancing and hygiene requirements at its Hamilton and Queenstown properties in response to the policies of the New Zealand government.
Aristocrat Entertainment CEO Trevor Croker says the pany plans to "significantly escalate" its focus on convergence products and has a strong enough balance sheet to support mergers and acquisitions in the sector.?
U.K-based Entain said it has upped its offer to buy Enlabs to SEK53 a share from SEK40 and that the bid is final and won't be improved.
Hurricane Horse, the third Duo Fu Duo Cai game on the Dualos X cabinet, has now received Gaming Inspection and Coordination Bureau (DICJ) in Macau.
Slots from casino game and software developer Red Tiger are now available at leading operator bet365.
The One Kyushu consortium has announced that Kohei Uchimura, Olympic gymnast and local hero, will be its brand ambassador for its Nagasaki IR bid.
Information from the Statistics and Census Service (DSEC) indicated that a total of 147 MICE events were held in the fourth quarter of 2020, and the number of participants and attendees was 515,000.
Sportradar has entered a long-term data and audio-visual partnership with Australia’s professional semi-elite basketball league, NBL1. Sportradar will bee the new partner to NBL1 for these services, taking over from an incumbent.?
Pragmatic Play has appointed former Rank Digital Head of Gaming Product, Bhotesh Maheshwari, as its new Vice President of mercial Strategy and Operations as the pany looks to further cement its position as a top tier supplier in regulated markets.
500 . said that it has entered into a definitive agreement with a subsidiary of BitDeer to purchase 1,923 S17 Bitcoin mining machines for a total consideration of RMB31.3 million (approximately US$4.9 million).
Thai police have shut down a network of online casinos in raids that took place across seven provinces, with nineteen suspects arrested and cash and other goods seized. In total, eight online casino networks have been shut down.
A draft law has been prepared by the Ministry of Finance of the Russian Federation that would create a system of self-exclusion from casinos for problem gamblers.
Recent changes to Kazakhstan’s sports betting law are likely to fuel black market gambling and slash tax revenue for the government, experts say.
China’s threat to draw up a blacklist of countries targeting gambling is most likely directed at the online industry, though may be enough to deter some travellers even if the government doesn’t follow through with its action.
Through government action and a cultural norm of wearing face masks when ill, Cambodia has seen few get sick during the COVID-19 pandemic. According to the World Health Organization, Cambodia has 275 COVID cases and zero COVID-related deaths as of the last week of September.?