Madison Square Garden Entertainment Posts Grim Results in First Post-COVID-19 Earnings
’s revenues dropped 20% to $199.9 million compared with last year, according to results released Monday.
MSGE said the operating loss includes $102.2 million in “non-cash impairment charges” for its Tao Group Hospitality dining and nightlife division, which has been hit hard by the shutdown and closed one venue permanently. The company also said that the ambitious and futuristic MSG Sphere arena in Las Vegas is not expected to open as planned in 2021 due to construction delays related to the pandemic. The company announced the Sphere, and another in London that is pending approvals, in an elaborate presentation in 2018.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'It means everything': Residents fear loss of community post offices to the coronavirusMost Americans give the U.S. Postal Service high marks for getting mail to far-flung corners of the country, but it's struggling from the coronavirus.
Read more »
19 Times The Internet Hilariously Dragged 'Harry Potter''[19 years later] Hermione: it's coronaVIRus not coronavirUS.'
Read more »
Philippines records seven novel coronavirus deaths, 205 more casesThe Philippines' health ministry on Monday reported seven new coronavirus deaths and 205 additional infections.
Read more »
L.A. County reports 1,073 new coronavirus cases, 40 deathscoronavirus: Los Angeles County reports 1,073 new cases and 40 deaths
Read more »
Malaysia reports 22 new coronavirus cases, no new deathsMalaysia's health ministry reported 22 new coronavirus cases on Sunday, bringing the cumulative total to 6,894.
Read more »
Major Supreme Court opinions set to be released: DACA, Trump's taxes, gay rights, abortionDue to the coronavirus, the potentially landmark rulings will be posted online, not distributed at the court, which is closed.
Read more »