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Most valuable gaming company in the region is under pressure as business is down at a time when it has a US$4.3bil (RM18.5bil) project in Las Vegas to complete.
The reopening of casinos does not necessarily mean that the crowds would flock to the gaming and entertainment centres, as seen in the Macau example. The borders have to open as well.
KUALA LUMPUR: S&P Global Ratings has lowered its long-term issuer credit rating on Genting Bhd from 'BBB+' to 'BBB' and its key US subsidiary, Resorts World Las Vegas (RWLV) from 'BBB' to 'BBB-' on slow recovery prospects.
The Madden franchise will continue to be a part of the gaming universe for at least the next six years.
Los Angeles: Several major Las Vegas casinos say they will reopen next week after being closed for more than two months because of the coronavirus pandemic -- welcome news for Nevada, which heavily relies on the massive gaming industry for its economic wellbeing.
Although people have been turning to online services during the Covid-19 pandemic, China’s economy shrank 6.8% in first quarter. Some sectors such as online education, remote working and gaming, have seen a surge in their traffic during the health crisis.
Tencent targets more console games as industry booms amid health crisis lockdowns and social distancing
The Chinese Internet giant recently closed deals with Japanese console gaming developers Marvelous and PlatinumGames. A collaboration with Activision Blizzard resulted in Tencent’s most successful console-to-smartphone gaming effort to date, Call Of Duty: Mobile.
TikTok’s parent ByteDance Ltd generated more than US$17bil (RM74.08bil) in revenue and more than US$3bil (RM13.07bil) of net profit last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
Launch of showcase expected in late 2021 due to pandemic