Vicky Melbourne, head of industrials, property and consumer for South Asia and Southeast Asia at Fitch Ratings, talks with Asia Gaming Brief managing editor Sharon Singleton about the impact of Covid-19 on the credit profile of the region’s operators. She discusses the likelihood of major capital expenditure plans going ahead and why she doesn’t necessarily expect consolidation in the industry.
Genting Singapore has been asked to explain its executive remuneration policies to the Singapore Stock Exchange after Chairman Tan Sri Lim Kok Thay's pay doubled even though the company reported a 90 percent drop in 2020 profit.
SunCity Group said its Hoiana integrated resort in Vietnam has generating revenue of $4.8 million since its preview in June last year and had an adjusted EBITDA loss of about $32 million.
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.