Saturday, December 14, 2019

Okada Manila VIP better than expected in November

Okada Manila GGR increased by 29.3 percent in November, reaching P3.8 billion (US$75.1 million), led by strong VIP volumes. Analysts from Union Gaming said the...

Wynn Macau sees stronger October results, issues notes

Casino operator Wynn Macau has announced it is preparing to conduct an offering of notes, which will be used to pay down amounts outstanding...

Macau’s December starting weaker than expected

The upcoming visit by Chinese President Xi Jinping and tighter visa controls starting from November is having a stronger effect on Macau GGR than...

S&P lowers Genting Malaysia’s credit ratings on higher leverage

On Wednesday, S&P Global Ratings lowered its long-term issuer credit rating on Genting Malaysia to 'BBB+' from 'A-', citing the firm’s aggressive expansion plans that are increasing leverage and weakening cash flow.

Macau GGR down 8.5 percent on weak VIP

The Gaming Inspection and Coordination Bureau over the weekend that Macau GGR for November came in at MOP22.9 billion (about US$2.8 billion), down 8.5 percent year-on-year.

Genting Malaysia 19Q3 revenue edges up slightly

Genting Malaysia registered a marginal increase in total revenue in the third quarter of 2019, rising one percent to RM2.6 billion (US$630 million).Net profit...

Amax reports 54 percent drop in revenue

Amax International Holdings Limited has reported a 54 percent year-on-year drop in revenues in the six-month period ending September 30 to the figure of HK$28.5 million (about US$3.6 million).

Bloomberry remains as GGR market leader in 2019

Bloomberry Resorts, the operator of the Solaire Resort & Casino, has been gaining shares in both VIP and mass over the first half of...

Ainsworth FY19 revenue weighed by non-NA revenues

Gaming equipment supplier Ainsworth saw its sales revenue drop 12 percent in FY19, with both international and domestic revenues down in the year. The company...

South Shore reports widened loss in six months to Sept 30

South Shore Holdings Limited, operator of Macao luxury hotel The 13, reported a 15 percent widened loss for the six months ended Sept 30,...

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Macau Q4 more challenged than expected: Nomura

Softer VIP volumes in November and tighter security measures during the Chinese President’s visit to Macau in December will weigh on Macau GGR in...

FBM attends as title sponsor of G2E Philippines

With G2E Asia coming to the Philippines for the first time in the show’s history, FBM has announced it will be the title sponsor...

Nagasaki to choose its IR operator partner in autumn 2020

Nagasaki Governor Hodo Nakamura has told his prefectural assembly that his administration plans to select its IR operator in autumn 2020.

Casino winnings taxation policy delayed until next year

Some lawmakers have grown concerned that the proposed policy on the taxation of casino winnings is too heavy-handed, and a settlement of the issue has been delayed until next year.

Ted Chan: Reflecting on the last 20 years of Macau gaming

Ted Chan, chief operating officer, Japan Development, Galaxy Entertainment 1) When did you first arrive in Macau and in what capacity? I arrived in Macau in...