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Lim Kok Thay, chairman and CEO of Genting Berhad, is pledging almost his entire stake in troubled cruise ship operator Genting Hong Kong as collateral for loans, according to a report from Bloomberg.

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Monday, 24 August 2020
MAIN HEADLINE

Genting chairman spending personal wealth to try to save Hong Kong firm

Lim Kok Thay, chairman and CEO of Genting Berhad, is pledging almost his entire stake in troubled cruise ship operator Genting Hong Kong as collateral for loans, according to a report from Bloomberg.

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AUSTRALIA

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt to the new realities.

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PHILIPPINES

Winford Manila casino tries new ways to raise revenue

The Winford Hotel and Casino in Manila said it had explored other avenues to generate revenue in August – including a food delivery service dubbed “Winford on Wheels” in order to raise revenues amid closure of its gaming floor. 

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MACAU

Profit warnings issued by Macau Legend, Landing, Starlight

The COVID-19 pandemic continues to take its toll on the bottom line in Asia’s gaming industry, with a number of casinos signalling profit warnings for the six month period ending June 30, 2020.

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SOUTH KOREA

Covid resurgence forces Kangwon Land to close again

A resurgence in the number of new Covid-19 cases in South Korea has convinced state-run operator Kangwon Land to once again suspend its operations as a public health measure.

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MACAU

Macau GDP down 67.8 percent in Q2

Macau’s Gross Domestic Product (GDP) dropped by 67.8 percent year-on-year in the second quarter of 2020, according to the Statistics and Census Bureau (DSEC).

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JAPAN

Rearrest of Japan lawmaker renews criticism of IR development

The rearrest on Thursday of former Senior Vice-Minister of the Cabinet Office Tsukasa Akimoto on new charges of witness tampering has once again put a harsh spotlight on the government’s unpopular IR development policy.

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COVID-19 LIVE UPDATES

Latest news and updates on Covid-19

The latest news and updates on the Covid-19 (coronavirus) – with regularly updated information relating to new cases, travel restrictions and other information to keep you abreast of the latest developments.

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