Tuesday, January 21, 2020

Imperial Pacific posts $1.6 billion in VIP turnover in August

VIP rolling chip turnover at Imperial Pacific’s temporary casino, Best Sunshine reached $1.6 billion in August, according to a filing to the Hong Kong...

Junket woes cause Donaco to post FY18H1 net loss

Headaches caused by a former Thai junket impacted the earnings of Australia-listed Donaco International in the first half of the 2018 fiscal year. As detailed...

Universal seeks IPO for Tiger, says Manila sales rising

Universal Entertainment said it plans to seek a stock market listing for the company that controls its Okada Manila property within the next two years as it positions for further growth.

IGT Q2 EBITDA up 4 pct, revenue down 1 pct

International Game Technology (IGT) reported net income of $161 million in the three months ended June 30, 2018. Consolidated revenue fell one percent year-on-year to...

Rich Goldman swings to profit, but gaming rev down

Macau junket promoter Rich Goldman Holdings saw its net profit attributable to owners of the company reach HK$39.9 million (US$5.1 million) in the twelve...

Weak sentiment a buying opportunity: Morningstar

Analysts from Morningstar have echoed recent calls for investors to hold onto their Macau gaming stocks, despite fears around China’s economic slowdown and the...

Macau Legend swings to profit in 2018, on Landmark disposal

Macau Legend’s disposal of The Landmark Macau in 2018 helped the group swing to profit in 2018, despite only slightly increasing revenue in the...

Bernstein lowers June GGR estimates on low VIP hold

Analysts from Bernstein have lowered their June GGR estimates for Macau, due mainly to low VIP hold month to date. According to the brokerage’s...

Melco H1 net revenue up 12.9%, profit down slightly

Melco International Development Limited said it was able to achieve stable operating and financial results in the first half of 2019 despite “ongoing challenges...

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).

TRENDING ARTICLES

MOF to discuss future of Vietnam gaming industry

Nguyen Minh Tien, Deputy Director-General of the Ministry of Finance in Vietnam has joined the growing line-up of speakers set to speak at the...

Hokkaido’s IR withdrawal might be a deception

On November 29 of last year, Hokkaido Governor Naomichi Suzuki announced that his prefecture would not be participating in the IR race, citing the several years it would take to complete environmental preparations at the Tomakomai site. However, parts of the Japanese media are reporting that, in fact, not only is Hokkaido actually still in the race, but that they are being sized up as one of the three eventual winners.

SG court upholds arbitration ruling, favoring ex Solaire manager

The Singaporean High Court has dismissed a petition filed by Bloomberry Resorts against Global Gaming Philippines, which accused the company of committing fraud and...

iGaming technology spanning east and west

Betconstruct’s concept for the year has been revealed ahead of this year’s ICE London 2020. East&West is the message that Betconstruct would like to deliver...
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Government means business with online ban

Cambodia’s online gaming ban, which came into effect as of Jan. 1st, has triggered mass layoffs and the shutdown of numerous casinos, and is not expected to be lifted due to pressure from the Chinese government.