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2020 August 3 Monday

NEWS
Genting Hong Kong outlines cost reduction, capital raising measures on dire 1H20 net loss predictions

Melco boosts Studio City investment as US$500 million share placement complete

Wynn Resorts closes Yokohama office

Japan IR survey shows ongoing willingness to invest but strong push to postpone selection processes due to COVID

Popular Japanese pachinko event Universal Carnival x Sammy Festival 2020 canceled due to COVID-19

Tabcorp warns goodwill impairment charges to top AU$1 billion in FY20 on COVID-19 concerns
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FEATURES
Taking the challenge

City of MICE

Responsible gambling

Two worlds collide

Wakayama’s IR bout

Corporate citizen
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PEOPLE
Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

Creation theory

Paltronics announces passing of Stephen Cowan, much-admired Managing Director

POST-COVID2: The most transformative business shock of our lifetimes

Dominic Laubach: Global explorer

Opinion: Macau deserves global respect
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COLUMNISTS
Casinos will reopen, but will customers return?

OPINION: Macau should ditch Japan model and adopt Singapore framework for licensing

Reform to perform

Key factors for recovery from COVID-19

Opinion: What will the easing of border restrictions between Macau and Zhuhai really look like?

If Japan builds it, will they come?
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TECH TALK
People first

Jumbo’s new wave

Commtech Asia: All systems go

Comtrade Gaming and Euro Games Technology sign G2S technology deal

Taking the lead

Jumbo using live-streaming to maintain contact with customers
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iGAMING
Two worlds collide

India’s casinos still closed but online gaming segment driving Delta Corp valuation skyward

Evolution Gaming releases new game “Crazy time”

Philippines to keep chasing POGOs despite reports of closures

Philippines now the iGaming capital of the world: expert

Enteractive launches (Re)Activation Cloud platform for Japan
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EVENTS
Lawrence Ho, Daisy Ho, Andrew MacDonald voted by GAME members as most sought after speakers

IAG’s GAME institutes community-based speaker selection process

IAG to host Macau After Dark 5 at Kam Pek Bar tonight!

G2E Las Vegas cancelled on COVID-19 concerns

IGT, APE named Gold Sponsors of online/offline Macau After Dark at Kam Pek Bar

IAG and G2E Asia announce speakers for joint GAME/G2E Asia Online Conference on 7 July 2020
Trending Tags
MACAU
Genting Hong Kong outlines cost reduction, capital raising measures on dire 1H20 net loss predictions

Melco boosts Studio City investment as US$500 million share placement complete

Macau GGR to gradually start improving from mid-August: JP Morgan

Macau scientists outline importance of new COVID-19 vaccine breakthrough

Sheraton Grand Macao to no longer be used as quarantine hotel

Lawrence Ho, Daisy Ho, Andrew MacDonald voted by GAME members as most sought after speakers
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JAPAN
City of MICE

Wakayama’s IR bout

Wynn Resorts closes Yokohama office

Japan IR survey shows ongoing willingness to invest but strong push to postpone selection processes due to COVID

Popular Japanese pachinko event Universal Carnival x Sammy Festival 2020 canceled due to COVID-19

MGM Resorts not ‘all-in’ on Osaka IR investment: Hornbuckle
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REGIONAL
Genting Hong Kong outlines cost reduction, capital raising measures on dire 1H20 net loss predictions

Melco boosts Studio City investment as US$500 million share placement complete

City of MICE

Wakayama’s IR bout

Wynn Resorts closes Yokohama office

Japan IR survey shows ongoing willingness to invest but strong push to postpone selection processes due to COVID
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POWER 50
Power play

Regional competition impacted 2019 Asian Gaming Power 50 list: CEO

Power Play

2019 Asian Gaming Power 50: Meet the panel

2019 Big 50 List

2019 Asian Gaming Power 50: Number 1 – Francis Lui
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HKEx

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Wynn Resorts appoints Matt Maddox and Richard J Byrne to board

Japan

Wynn Resorts closes Yokohama office

by Ben Blaschke

Monday 3 August 2020 at 16:55

Wynn Resorts has closed its Yokohama office in what could well be the latest withdrawal from the race to develop an integrated resort in Japan. The company, which had previously ended its pursuit of an IR in Osaka to focus...

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Currencies

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NEWS

Donaco CEO to depart this week as 2Q20 revenue plunge prompts further cost cutting Monday 3 August 2020 at 05:10

Lawrence Ho, Daisy Ho, Andrew MacDonald voted by GAME members as most sought after speakers Monday 3 August 2020 at 04:57

Government Information Bureau meets with Macao Youth Media Association to exchange ideas on changing face of local media Monday 3 August 2020 at 04:51

Macau’s GGR down 94.5% in July Saturday 1 August 2020 at 13:03

Manila quarantine measures extended for two more weeks as Philippines COVID cases reach record high Saturday 1 August 2020 at 06:50

Next

Prev

Genting Hong Kong reports narrowed loss in 2019 but short-term outlook bleak on COVID-19 cruise ship impact

Hong Kong

Genting Hong Kong outlines cost reduction, capital raising measures on dire 1H20 net loss predictions

Monday 3 August 2020 at 20:04

Genting Hong Kong has outlined a broad range of cost reduction, cash conservation and capital raising measures currently being undertaken...

Studio City Exterior

Macau

Melco boosts Studio City investment as US$500 million share placement complete

Monday 3 August 2020 at 19:30

Studio City International Holdings Ltd (SCIHL) announced Monday that it expects to receive gross proceeds of around US$500 million following...

Lost in translation

Japan IR survey shows ongoing willingness to invest but strong push to postpone selection processes due to COVID

Monday 3 August 2020 at 14:54

Popular Japanese pachinko event Universal Carnival x Sammy Festival 2020 canceled due to COVID-19

Popular Japanese pachinko event Universal Carnival x Sammy Festival 2020 canceled due to COVID-19

Monday 3 August 2020 at 07:24

Tabcorp secures waiver of debt covenants on US$2.1 billion US private placement notes

Tabcorp warns goodwill impairment charges to top AU$1 billion in FY20 on COVID-19 concerns

Monday 3 August 2020 at 07:01

Lack of Cotai presence stings as VIP decline sees SJM lose more market share in 2Q19

Macau GGR to gradually start improving from mid-August: JP Morgan

Monday 3 August 2020 at 06:48

Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

Sheraton Grand Macao to no longer be used as quarantine hotel

Monday 3 August 2020 at 05:54

Singapore entry levies said to have raised US$950 million since 2010

Marina Bay Sands reopens second, third hotel towers

Monday 3 August 2020 at 05:41

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Markets

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Currently Playing

The IAG Podcast - Janet McNab

The IAG Podcast - Janet McNab

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Macau casinos re-opening

2019 G2E Asia Awards

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Lessons from Mastering Cotai seminar

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Donaco's Ben Reichel on Cambodia's draft gaming law

Macau's Lawrence Fong discusses responsible gaming

Macau recovery begins after Typhoon Mangkhut battering

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Interview with RGB's Managing Director Datuk Chuah Kim Seah

IAG talks Cambodian gaming law with MdME's Rui Pinto Proença

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IAG profiles Scientific Games Regional Account Manager for Asia, Matthew Righton

eSports arrive at Studio City with the opening of the Macau eStadium

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Inside Morpheus at City of Dreams

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G2E Asia 2018 @ Venetian Macao Highlight

Interview with IGT’s Andrew Hely

Peermont targeting Nagasaki IR

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iGaming

Two worlds collide

Features

Two worlds collide

by Ben Blaschke

Monday 3 August 2020 at 17:47

James King, Director of Sales for Malta-based platform provider Gaming Innovation Group (GiG), explains why digital data solutions are becoming...

India’s casinos still closed but online gaming segment driving Delta Corp valuation skyward

India

India’s casinos still closed but online gaming segment driving Delta Corp valuation skyward

Wednesday 15 July 2020 at 13:00

The value of Indian gaming leader Delta Corp’s online gaming business could exceed the current market cap of the entire...

Current Issue

Taking the challenge

Features

Taking the challenge

by Ben BlaschkeMonday 3 August 2020 at 20:46

City of MICE

Features

City of MICE

by Tomo YamamotoMonday 3 August 2020 at 18:52

People first

Tech Talk

People first

by NewsdeskMonday 3 August 2020 at 18:37

Features

Responsible gambling

by Shelley WhiteMonday 3 August 2020 at 18:13

Two worlds collide

Features

Two worlds collide

by Ben BlaschkeMonday 3 August 2020 at 17:47

Wakayama’s IR bout

Features

Wakayama’s IR bout

by Shintaro KamimuraMonday 3 August 2020 at 17:23

Jumbo’s new wave

Tech Talk

Jumbo’s new wave

by NewsdeskMonday 3 August 2020 at 16:55

Taking the challenge

Two worlds collide

Wakayama’s IR bout

Jumbo’s new wave

Columnists

Casinos will reopen, but will customers return?

Columnists

Casinos will reopen, but will customers return?

by Sudhir H. Kalé, Ph.D.

Wednesday 8 July 2020 at 17:39

IAG Spot Count: Macau satellite and 2nd tier casinos keep chugging along

Columnists

OPINION: Macau should ditch Japan model and adopt Singapore framework for licensing

by David Bonnet

Tuesday 23 June 2020 at 19:09

Reform to perform

Columnists

Reform to perform

by Brendan D. Bussmann

Sunday 7 June 2020 at 10:00

Key factors for recovery from COVID-19

Columnists

Key factors for recovery from COVID-19

by Tom Zitt and Michael Zhu

Saturday 6 June 2020 at 19:37

Events

Asia Amusement & Attractions Expo @ Guangzhou, China

Aug 3 – Aug 5 all-day

www.aaaexpos.com

Australasian Gaming Expo @ Sydney, Australia

Aug 11 – Aug 13 all-day

www.austgamingexpo.com

Global Gaming Expo @ Las Vegas, USA

Oct 6 – Oct 8 all-day

www.globalgamingexpo.com

Thailand Amusement & Attraction Parks Expo @ Bangkok, Thailand

Oct 28 – Oct 30 all-day

G2E Asia @ the Philippines @ Manila, Philippines

Nov 3 – Nov 4 all-day

www.g2easiaphilippines.com/en-gb.html

SiGMA Malta @ Malta

Nov 17 – Nov 19 all-day

Zhongshan International Games & Amusement Fair @ Zhongshan, China

Nov 28 – Nov 30 all-day

G2E Asia @ Macau, China

Dec 1 – Dec 3 all-day

www.g2easia.com

Phil-Asian Gaming Expo @ Manila, Philippines

Jan 7 – Jan 9 all-day

www.phil-asiangamingexpo.com

SiGMA Manila & ICE Asia @ Manila, Philippines

May 27 – May 28 all-day

www.ice-asia.com
sigma.com.mt

August 2020 – May 2021 Aug 2020 – May 2021

Tech talk

People first

Tech Talk

People first

Monday 3 August 2020 at 18:37

Jumbo’s new wave

Tech Talk

Jumbo’s new wave

Monday 3 August 2020 at 16:55

People

Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

North America

Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

Tuesday 30 June 2020 at 06:33

Scientific Games Corp has named former Caesars Entertainment executive Eileen Moore Johnson as its new Executive Vice President and Chief Human...

Read more

Creation theory

Creation theory

Thursday 7 May 2020 at 15:01

Paltronics announces passing of Stephen Cowan, much-admired Managing Director

Paltronics announces passing of Stephen Cowan, much-admired Managing Director

Thursday 23 April 2020 at 05:32

POST-COVID2: The most transformative business shock of our lifetimes

Tuesday 14 April 2020 at 05:34

Regional

Australia

Tabcorp warns goodwill impairment charges to top AU$1 billion in FY20 on COVID-19 concerns

Donaco CEO to depart this week as 2Q20 revenue plunge prompts further cost cutting

Donaco says reopening of Star Vegas in Cambodia imminent but Thai border closure to keep volume subdued

Talks stalled but Aquis still keen on AU$330 million Casino Canberra redevelopment

Donaco completes US$14.4 million entitlement offer

SkyCity Adelaide revamp to add six new restaurants and bars

The Star Sydney announces renewed casino restrictions on second Australian COVID-19 wave

Tabcorp CEO David Attenborough, Chairman Paula Dwyer announce departure plans

The Star Sydney informed recent patron has tested positive to COVID-19

Queensland abandons plans for second Gold Coast casino but says no exclusivity deal for Star Entertainment Group

Cambodia

Donaco CEO to depart this week as 2Q20 revenue plunge prompts further cost cutting

Donaco says reopening of Star Vegas in Cambodia imminent but Thai border closure to keep volume subdued

Donaco completes US$14.4 million entitlement offer

APE installs 50 Spintec ETGs in newly renovated Vietnam gaming hall CLUB99

NagaCorp confirms full gaming operations now up and running at NagaWorld

NagaWorld granted permission to reopen all casino operations

Head of Hong Kong’s Century Entertainment to relocate Sihanoukville casino ops to new hotel

Cambodian casinos to reopen pending COVID-19 safety measures

Thai vendors of Donaco’s Star Vegas to assume greater control with AU$14.4 million entitlement offer as more board members prepare to step down

Jumbo Technology supporting partners with donation of 10,000 face masks

Japan

City of MICE

Wakayama’s IR bout

Wynn Resorts closes Yokohama office

Japan IR survey shows ongoing willingness to invest but strong push to postpone selection processes due to COVID

Popular Japanese pachinko event Universal Carnival x Sammy Festival 2020 canceled due to COVID-19

MGM Resorts not ‘all-in’ on Osaka IR investment: Hornbuckle

Universal says latest Tokyo court decision will exclude Kazuo Okada from returning to board for 30 years

Yokohama mayor says August publication of IR implementation policy will be “difficult”

INTEX Osaka hosts first exhibition since COVID-19 outbreak with 460 exhibitors on show

Japanese government discusses easing of immigration restrictions for business professionals

Macau

Genting Hong Kong outlines cost reduction, capital raising measures on dire 1H20 net loss predictions

Melco boosts Studio City investment as US$500 million share placement complete

Macau GGR to gradually start improving from mid-August: JP Morgan

Macau scientists outline importance of new COVID-19 vaccine breakthrough

Sheraton Grand Macao to no longer be used as quarantine hotel

Lawrence Ho, Daisy Ho, Andrew MacDonald voted by GAME members as most sought after speakers

Government Information Bureau meets with Macao Youth Media Association to exchange ideas on changing face of local media

Macau’s GGR down 94.5% in July

Collaborative team of Macau, Hong Kong and mainland China scientists makes major breakthrough in development of potential COVID-19 vaccine for mass production

Macau records in VIP win

N. America

MGM Resorts appoints Bill Hornbuckle as CEO and President

Scientific Games defying expectations through COVID: Union Gaming

Former Mohegan Sun boss Ray Pineault appointed COO of Mohegan Gaming & Entertainment

Scientific Games reports US$198 million loss in 2Q20 but maintains positive EBITDA on iGaming growth

Genting Malaysia-backed Empire Resorts to issue US$475 million senior notes

US court dismisses complaint against Wynn Resorts by nine women alleging sexual harassment by former boss Steve Wynn

Chairman Ronald Perelman looking to sell entire 39% stake in Scientific Games

Macau versus Las Vegas monthly GGR

G2E Las Vegas cancelled on COVID-19 concerns

Scientific Games completes US$550 million notes offering

Philippines

Manila quarantine measures extended for two more weeks as Philippines COVID cases reach record high

City of Dreams Manila closure sees Belle Corp’s 1H income plummet

PAGCOR falls to US$48 million loss in 2Q20 as Manila casinos remain closed

Hong Kong court rejects Universal Entertainment request to freeze Kazuo Okada assets over US$620 million Okada Manila damages claim

Suncity Group issues US$148 million loan to Philippines subsidiary SunTrust for Manila casino development

Suncity Group subsidiary to pay third US$82 million deposit towards use of Manila hotel and casino site

PH Resorts Group pushing to open Cebu casino resort by late 2021

Philippine Charity Sweepstakes Office to resume lotto games

Rich Goldman still hopeful of launching Manila junket operations despite COVID delays

Philippines-based Jade Entertainment signs Asian distribution deal with AI firm nQube

S. Korea

New Silkroad issues profit warning on higher Jeju casino losses

Grand Korea Leisure’s June casino sales down 68% on 2019 levels

Mohegan Gaming boss Kontomerkos says Inspire Korea on track for 2022 launch

Paradise Co suffers 80.8% revenue decline in June as local expat demand softens

Grand Korea Leisure sees 73.7% fall in casino sales in first month since re-opening

Pent-up demand among expats boosts May revenue for Korea’s Paradise Co

Kangwon Land suspends main gaming floor reopening after spike in Korean COVID-19 cases

Kangwon Land granted extended opening hours and more gaming tables following COVID-19 closure

Lengthy COVID-19 closure sees Kangwon Land fall into loss in 1Q20 on 37.5% revenue decline

Paradise Co losses decline in 1Q20 despite heavy COVID-19 impact

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