Tuesday, January 21, 2020

Macau expects MOP 91 billion in gaming taxes in 2020

The Macau government expects to receive MOP91 billion (US$11.3 million) in Special Gaming Taxes, making up for around 74.5 percent of total tax revenue...

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...

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.