US versus EU: COVID-19 cases through 27 October
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Japanese Prime Minister Suga pledges to continue Abe’s “important” IR initiative
Japanese Prime Minister Yoshihide Suga spoke in the House of Representatives on 28 October regarding integrated resorts, confirming his belief that IRs are an important initiative for Japan in becoming a developed tourist destination. He also reiterated his intention to...
MGM China back to breakeven in second half of October: Hornbuckle
MGM China Ltd’s Macau resorts, MGM Cotai and MGM Macau, have reached breakeven EBITDA levels and are pushing back into profit over the last two weeks of October, according to the company’s Chairperson and Executive Director, Bill Hornbuckle. Providing a...
MGM China reports US$94 million Adjusted EBITDA loss in 3Q20
MGM China has reported an Adjusted EBITDA loss of HK$730.6 million (US$94.2 million) in the three months to 30 September 2020, down from positive EBITDA of HK$1.55 billion (US$200.0) million over the same period last year as a result of...
Summit Ascent reports positive EBITDA in 3Q20 on strong locals gaming at Russian casino Tigre de Cristal
Hong Kong-listed Summit Ascent Holdings says it has returned to positive EBITDA at its Russian casino resort Tigre de Cristal, located in the Primorye Gambling Zone near Vladivistok, in August and September 2020 – driven by a rapid rebound in...
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South Shore looking to find buyer for Macau hotel THE 13 by March 2021
South Shore Holdings says it hopes to find a buyer for embattled Macau hotel THE 13 by the end of its current financial year ending 31 March 2021. The proposed deadline comes after previous negotiations with a potential buyer to...
Okada Manila COO Byron Yip appointed President
Tiger Resort Leisure and Entertainment, Inc (TRLEI), the operating entity of Philippines integrated resort Okada Manila and subsidiary of Japan’s Universal Entertainment Corp, has announced the promotion of Chief Operating Officer Byron Yip to the new role of President. In...
SJM confirms early 2021 opening for Grand Lisboa Palace after HK$1 billion 3Q20 loss
SJM Holdings, the parent company of Macau gaming concessionaire Sociedade de Jogos de Macau, S.A., says it expects to open its HK$39 billion (US$5 billion) Cotai integrated resort, Grand Lisboa Palace, in early 2021 – ending speculation the company may...
