Sands China, Las Vegas Sands’ Macau-based integrated resorts subsidiary, saw revenue plummet 81.0% year-on-year in the six months to 30 June, with visitor numbers plummeting due to travel restrictions to the Chinese special autonomous region.
New Jersey’s sports betting revenue climbed 65.2% year-on-year in July, but the state’s land-based casino market saw further declines as it continued to feel the impact of novel coronavirus (Covid-19) restrictions.
Asian casino operator Galaxy Entertainment Group (GEG) saw revenue for the six months to 30 June drop 76.3% with the operator expecting further headwinds from the ongoing impact of novel coronavirus (Covid-19) on its Macau venues.
US commercial gross gaming revenue (GGR) for the first half of 2020 fell 45.6% year-on-year to $11.70bn, according to the latest figures from the American Gaming Association (AGA).
The year-on-year decline in revenue for Detroit’s three commercial casinos has widened to 65.0% as of July 31, the final full month the venues will be closed.
Korean casino and resort operator Kangwon Land’s revenue fell 63.5% to KRW270.64bn (£174.6m/€193.9m/$228.7m) in the first half of 2020, after its venues were open only to VIP customers for much of the second quarter of the year.
Twin River Worldwide Holdings saw revenue for the first half of 2020 fall 47.7% year-on-year, becoming the latest listed US operator to outline the disruption caused by novel coronavirus (Covid-19) on its business.
Canadian igaming operator and technology provider FansUnite Entertainment has completed the acquisition of white label solutions provider Askott Entertainment for CAD$27.8m (USD$20.7m) in FansUnite shares.
The Betting and Gaming Council (BGC) has urged the UK government to extend its novel coronavirus (Covid-19) furlough scheme to help safeguard jobs in the gambling industry and also protect historic casino venues.
Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity.
US casino operator Full House Resorts has put a year-on-year increase in net loss for the first half of 2020 primarily down to the temporary closure of its brick-and-mortar properties due to the novel coronavirus (Covid-19) pandemic.
Caesars Entertainment Inc. – the new name for the combined Caesars Entertainment Corporation and Eldorado Resorts business – has reported a $1.17bn net loss for the first half of the year.
Golden Entertainment said results since reopening “have exceeded expectations”, despite a 69.4% drop in revenue to $76.0m in the three months to 30 June and losses increasing to $78.6m.
Lithuanian gambling revenue in the first half of 2020 fell by 15.9% to €43.8m (£4.0m/$5.2m) as the novel coronavirus (Covid-19) pandemic led to online revenue overtaking that of the land-based sector.
Century Casinos Inc. has reported a net loss of $58.9m for the first half of 2020, despite its US operations driving a 26.2% year-on-year increase in revenue for the period.
Japan’s Universal Entertainment Corporation has reported 24.9% year-on-year rise in sales for the first half of the year, with a significant rise in pachinko and pachislot machine sales offsetting a decline from its Philiippines integrated resort.
The Genting Singapore arm of Malaysian conglomerate Genting Group has reported a net loss of SGD$163.3m for the second quarter of 2020, following a sharp drop in revenue as its properties were closed amid the novel coronavirus (Covid-19) pandemic.
Penn National Gaming’s revenue for the second quarter of 2020 fell 76.9% as venue closures across the country led to a $213.9m loss for the period, and an $822.5m loss for the first half of the year.
