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According to a report from Inside Asian Gaming, business at the operator’s two venues in Macau has been severely damaged by the recent imposition of local coronavirus-related travel restrictions with the firm admitting that visitation hit ‘near zero’ for the three months to the end of June.The MGM China Holdings Limited subsidiary of American casino operator MGM Resorts International has reportedly released its second-quarter financial results showing that its net revenues tumbled by 95% year-on-year to just .Testing times:Bill Hornbuckle was this week officially named as the new President and Chief Executive Officer for MGM Resorts International and he reportedly proclaimed that the ‘near-term operating environment’ for his firm is certain to ‘remain challenging and unpredictable’ due to the ongoing impact of coronavirus....
The source also detailed comparable downturns across every market segment with the company’s turnover from VIP table games having crashed by 96% year-on-year to just 0 million alongside an even more steep 97% decline from its mass-market compatriots to million. This is a great achievement for GiG and gives us a solid confirmation that our platform, procedures and operations are meeting the highest standards out there.Testing times:Bill Hornbuckle was this week officially named as the new President and Chief Executive Officer for MGM Resorts International and he reportedly proclaimed that the ‘near-term operating environment’ for his firm is certain to ‘remain challenging and unpredictable’ due to the ongoing impact of coronavirus....
New Jersey license:Just two days prior to the latest tie-up new, GiG announced that its subsidiary, iGaming Cloud Inc.Pessimistic pair:crypto casino no deposit bonus 2022 vocqInside Asian Gaming reported that the Hong Kong-listed operator’s MGM Cotai property recorded second-quarter revenues of just million while the tally for its nearby MGM Macau venues came in at a paltry .New Jersey license:Just two days prior to the latest tie-up new, GiG announced that its subsidiary, iGaming Cloud Inc....
Parental plunge:Inside Asian Gaming reported that Las Vegas-headquartered MGM Resorts International owns just short of 56% of MGM China Holdings Limited while this firm’s own second-quarter financial results revealed a 91% year-on-year decrease in net revenues to a mere 0 million. The casino firm purportedly furthermore explained that it had drawn down some 0 million on its . As such, we remain excited about our integrated resort opportunity in Osaka, expanding our footprint in Macau and positioning BetMGM as a leading player in the United States’ sportsbetting and iGaming markets....
, was granted a permanent casino service industry enterprise license (CSIE) for the New Jersey market.The company began operation with the state more than two years ago after receiving a provisional license from the state regulator in June 2018, which GiG used to support Hard Rock International‘s casino operations pending final approval.The company began operation with the state more than two years ago after receiving a provisional license from the state regulator in June 2018, which GiG used to support Hard Rock International‘s casino operations pending final approval....
