Colin Mansfield, an analyst with Fitch Ratings, spoke with Asia Gaming Brief’s Managing Editor Sharon Singleton about the impact of the Covid crisis on the balance sheets and credit ratings of Asia’s operators and the road to recovery. Most operators have weathered the storm well, leaving little potential for a buying spree of distressed assets.
Billionaire investor Rakesh Jhunjunwala-backed Nazara Technologies will go public, with its initial public offering (IPO) set for launch on Wednesday. Nazara’s core businesses include eSports, gamified learning, freemium gaming. and telco-based subscription.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.