Tag Archives coronavirus

Coronavirus repercussions for Sega Sammy Creation Incorporated

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Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced that its Sega Sammy Creation Incorporated subordinate has recorded a loss of approximately $14.8 million for its most recent financial year. According to a report from Inside Asian Gaming, the Yokohama-headquartered entity is led by former International Game Technology (IGT) executive Scott Winzeler and ...

Coronavirus consequences for Grand Korea Leisure Company Limited

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South Korean casino operator Grand Korea Leisure Company Limited has reportedly announced that its aggregated gross gaming revenues for September fell by 76.5% year-on-year to approximately $8.12 million as a direct result of the ongoing coronavirus pandemic. According to a report from Inside Asian Gaming, the Seoul-headquartered firm used an official filing to reveal ...

Philippines second-quarter gross gaming revenues shattered by coronavirus

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In the Philippines and the extended closure of land-based casinos due to the ongoing coronavirus pandemic reportedly caused the sector’s aggregated second-quarter gross gaming revenues to plummet by 95.7% year-on-year to just over $46.85 million. According to a report from Inside Asian Gaming, the three-month figure was contained within an update published by the ...

Macau gaming tax revenues being hit by coronavirus slowdown

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The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $76.82 million in aggregated gaming taxes for August to take their combined eight-month reckoning to just above $2.85 billion. According to a report from Inside Asian Gaming citing official data from the enclave’s Financial Services Bureau, the August figure ...

Paradise City re-opening following coronavirus scare

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South Korean casino operator Paradise Company Limited has reportedly announced that the gambling hall and hotel within its giant Paradise City development are set to re-open after being temporarily closed last week due to an outbreak of coronavirus. According to a report from Inside Asian Gaming, the Seoul-listed firm shuttered the 711-room venue located ...

Macau casinos see light at the end of the coronavirus tunnel

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The 39 casinos in Macau could have reportedly begun to emerge from their very long coronavirus-induced downturn after recently recording a significant improvement in aggregated average daily rate to approximately $10.39 million. According to a report from GGRAsia citing a filing from international brokerage Sanford C Bernstein Limited, the figure for the first six ...

Coronavirus consequences for Paradise Company Limited

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South Korean casino operator Paradise Company Limited has reportedly announced that its aggregated gaming revenues for August plummeted by 75% year-on-year to just over $14.55 million owing to a slump in visitation caused by the ongoing coronavirus pandemic. According to a Monday report from Inside Asian Gaming, the Seoul-listed firm revealed that the monthly ...

Casinos Austria International bemoans first-half impact of coronavirus

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Global casino operator Casinos Austria International has reportedly announced that it chalked up a record first-half loss of just over €10 million ($11.8 million) owing to issues surrounding the coronavirus pandemic. According to a short report from G3Newswire, the Vienna-headquartered firm saw its overall revenues for the six months to the end of June ...

The Star Entertainment Group Limited counting the cost of coronavirus

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In Australia and local casino operator The Star Entertainment Group Limited has reportedly recorded an overall loss of approximately $68.07 million for the twelve months to the end of June due in large part to the temporary coronavirus-induced shuttering of its facilities in Queensland and Victoria. According to a report from Inside Asian Gaming, ...

Coronavirus fears prompt temporarily closure of SkyCity Auckland

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In New Zealand and local casino operator SkyCity Entertainment Group Limited has reportedly been obliged to temporarily shut its SkyCity Auckland facility for a second time this year due to contagion fears surrounding the ongoing coronavirus pandemic. According to a report from Inside Asian Gaming, the iconic property was completely shuttered for almost an ...

Coronavirus consequences see IGT post a second-quarter loss of $94 million

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British lottery and gaming machines innovator International Game Technology (IGT) reportedly recorded an overall loss of $94 million for the second quarter of the year owing to a downturn in business caused by the ongoing coronavirus pandemic. According to a report from Inside Asian Gaming, the London-headquartered firm saw its adjusted company-wide earnings before ...

ICE London 2021 rescheduled due to coronavirus concerns

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In the United Kingdom and international events organizer Clarion Gaming has reportedly announced that next year’s edition of its ICE London exhibition has been postponed by some eleven weeks due to concerns over the ongoing coronavirus pandemic. According to a Thursday report from Inside Asian Gaming, the 31st edition of the annual three-day extravaganza ...

Economic fallout from coronavirus leads to thousands of casino layoffs in Louisiana

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In Louisiana, the economic fallout of the coronavirus pandemic has led to more job losses in the gambling industry, with Penn National Gaming announcing plans that include laying off nearly 1,150 workers at four of the southeastern U.S. state’s casinos in August. The Associated Press reports that approximately 161 L’Auberge Casino Hotel Baton Rouge ...

Opening of new Philippines integrated casino resort to be delayed by coronavirus

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In the Philippines and the billionaire boss of Bloomberry Resorts Corporation has reportedly announced that his firm’s plan to open a Quezon City integrated casino resort may have been delayed by up to a year due to the coronavirus pandemic. According to a report from GGRAsia, Enrique Razon (pictured) serves as Chairman and Chief ...

Light at the end of the coronavirus tunnel for pair of Singapore casino resorts

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After being completely shuttered a little over ten weeks ago due to the coronavirus pandemic and the two giant integrated casino resorts in Singapore have now reportedly announced that are to begin re-opening some of their amenities from tomorrow. According to a report from GGRAsia, the city-state’s Resorts World Sentosa and Marina Bay Sands ...

Resorts World Genting re-opening its casinos following coronavirus closures

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Asian casino operator Genting Malaysia Berhad has reportedly announced that it will be partially resuming gambling entertainment within its Resorts World Genting development from tomorrow following an over 13-week coronavirus-related shutdown. According to a report from GGRAsia, the Kuala Lumpur-listed firm detailed that members of its Genting Rewards loyalty scheme will be able to ...

Louisiana gaming industry counting the cost of coronavirus lockdown

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The gaming industry in the southern American state of Louisiana reportedly lost revenues worth approximately $440 million in March and April due to being completely shuttered as a result of the coronavirus pandemic. According to a Thursday report from The Daily Advertiser newspaper, this figure came from the Gaming Enforcement Division of the Louisiana ...