Public Hearings Set For Qld Casino Probe
HONG KONG, July 8 (Reuters) - Macau authorities have added two hotels in popular casino resorts to be used as COVID-19 medical facilities from Friday as they try to increase capacity to handle a surge of infections in the world's biggest gambling hub.
Its BetMGM joint venture has also forged tie-ups with Carnival Corporation to offer cruise ship gaming, and with Sony Pictures Television and slot machine producer IGT to launch a digital casino based on the television programme Wheel of Fortune.
While the government has not imposed the type of citywide lockdown seen in mainland Chinese cities, Macau is effectively closed with most facilities shut. Residents have been asked to stay home, public transport is curtailed and restaurants are only providing takeaway.
This was overturned last week by a court but he will remain in Italy for the time being despite another court case in Manhattan in September over another sexual assault claim from his former publicist Haleigh Breest.
He said of the Italian judicial system: ‘There are some things that I cannot understand, like how it's possible that in your country (Italy) you can start and continue a trial even when the accusation is not corroborated by clear evidence.
Following the release of its second-quarter results, fell by 10 per cent on Thursday morning before recovering slightly to end the day 3.8 per cent lower at 1,096.5p, making it the third-biggest faller on the FTSE 100 Index. Despite the new outlook, chief executive Jette Nygaard-Andersen expressed optimism about the company's future, telling investors that 'the underlying performance of our business remains strong.
This inevitably caused them a significant loss in trade, but had the upside effect of driving punters to place digital bets, and Entain went on to achieve 23 successive quarters of double-digit percentage expansion in online revenue.
‘It would take too much time to explain, slowly I have learned that Scientology is in effect a deeply corrupt organisation, It was something maybe I should have understood a lot earlier, but clearly I could no longer be part of this organisation and defend it.'
Haggis, was also asked if the case in the US and the current investigation, suggested he had a problem with women and he replied: ‘ I work in theatre, television and cinema for more than 40 years and I have worked with literally thousands of women. I have been married twice.
‘I took this person to the airport hours before her flight.
I'm upset with myself for these errors in judgement but cannot comprehend that they resulted in false and damaging accusations against me.'
But Sands China, Wynn Macau , MGM China, Galaxy Entertainment, SJM Holdings and Melco Resorts face zero revenue for the near future in locked-down, Chinese-ruled Macau - and their operators' contracts expire at the end of this year.
Having invested billion in Macau over the last two decades, they are soaking up losses as they prepare to bid for new licenses by next month in a business that generated $36 billion in revenue in 2019, the last year before COVID curbs slammed the sector.
'With an increasingly recreational customer base and relatively resilient revenue, we remain confident that our customer focus, diversification and proven ability to grow both organically and through M&A (mergers and acquisitions) will enable us to deliver further progress against our strategy.'
Excluding money set aside for rebidding - $600 million - SJM has about one month left in cash reserves if casinos remain closed, according to DS Kim, analyst at JP Morgan in Hong Kong, who expects the company to tap its parent STDM for a HK$5 billion ($637 million) loan.
Not legally required to pay staff during a mandated closure, casinos have nevertheless continued to do so.
Operators have also tried to burnish their social responsibility credentials by supporting local businesses and offering use of their hotel rooms for quarantine.
The closely watched casino licence rebidding process comes amid Macau's worst coronavirus outbreak, with the government shutting down casinos for the first time on Monday in more than two years and locking down the city.
Naturally, there were some difficult moments but I was able to overcome them thanks to the love and support of my family and friends, and also to the world of my lawyer and his team, who have been exceptional.
Yet as restrictions have loosened, the London-listed firm, whose brands also include Coral, Sportingbet and Bwin, has been hit by a slowdown in internet gambling as customers have returned to high street outlets and casinos.
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