Macau has been the highest gaming revenue generating region in the world in the recent years and COVID-19 lockdowns have left casinos in Macau with massive revenue loss. When Macau casino operators will release their second quarter (Q2) results, the figures will most likely be in the red, and analysts with the multinational financial firm Morgan Stanley foresee an EBITDA (earnings before interest, taxes, depreciation & amortization) loss of more than $1 billion for the quarter.
Michigan, US-based casino operator Four Winds has announced the selection of Malta-based sports betting services provider Kambi Group PLC to operate sportsbook as well as mobile application for its gaming facilities in the Great Lakes State.
Headquartered in Malta and listed on First North at Nasdaq Stockholm, Kambi Group PLC is a B2B provider of sports betting services to gaming operators in regulated markets.
Mario Kontomerkos, chief executive officer for Montville-headquartered Mohegan Gaming & Entertainment (MGE), has expressed hope that the integrated resorts market will bounce back quickly from the impact of the COVID-19 pandemic.
UK-based Amelco, one of the world's leading suppliers of sports betting software and trading services, has confirmed that it has secured regulatory approval to sell its online solutions in the US state of Colorado.
Wynn Macau Limited, one of Macau’s leading operators of luxury integrated resort casinos, has proclaimed that it has no involvement in a new hotel project that is being developed by an auxiliary unit of Genting Hong Kong Limited.
The massive hotel project in question is being developed by China’s state-owned real estate contractor China Civil Engineering Construction Corp (CCECC) on a waterfront site at Macau peninsula's Nam Van area.
In response to emergence of thousands of new COVID-19 cases, California Governor Gavin Newsom ordered certain businesses, including cardrooms, to temporarily close down indoor operations in several counties of the country’s most populous state.
After remaining in the dark for 108 days due to COVID-19 lockdown, Atlantic City casinos are once again welcoming eager gamblers, thanks to New Jersey Governor Phil Murphy’s permission to reopen the facilities.
Wyomissing, Pennsylvania-headquartered Penn National Gaming Incorporated has recently announced the reopening of more than 70 per cent of its casinos following corona virus-induced shutdown, but thousands of its employees will likely not be around long enough to celebrate as the entertainment giant has warned of permanent layoffs.
Wind Creek Bethlehem has announced that its casino on the city's South Side will reopen its doors to the members of the general public on 29th of June, more than three months after it suspended operations to help mitigate the transmission of the deadly corona virus.
German airline Lufthansa has informed that it might need protection from creditors if the shareholders of the company don’t approve the German-government backed bailout plan on the voting to be held on June 25. Lufthansa was among the first major European airlines to announce that the impact of COVID-19 pandemic on its finances would be difficult to manage. The airline announced initial jobs cuts and has indicated further job cuts even after the German government approved bailout package for the airline.