Clarence Chung

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    Duterte meets with Melco executives

    President Rodrigo Duterte on Thursday held a meeting with the top executives of Melco Resorts and Entertainment, according to a government news release. While the reasons for the courtesy call was not specified in the release, the announcement made mention of Melco’s new luxury hotel brand NÜWA, which is set to replace the Crown Towers […]

    Melco announces retirement of exec director

    Melco International Development has announced the retirement of its executive director, Frank Tsui Che Yin with effect on July 1, 2017. In his place, the company has appointed Clarence Chung Yuk Man, who is an existing director of the company. Mr. Chung is also the chairman and president of Melco Resorts and Entertainment (Philippines) Corp. […]

    Ent Gaming sees reduced gaming ops revenue in 2016

    Entertainment Gaming Asia posted a widened net loss of $5.3 million in 2016, due to lower gaming operations revenue, higher operating expenses and higher taxes in its Philippine operations. The gaming supplier exited its operations in Cambodia in 2016, selling all of its EGM seats at NagaWorld Casino. At the time, Clarence Chung, chairman and […]

    EGT sells off Cambodian assets

    Gaming supplier Entertainment Gaming Asia (EGT) has sold its remaining gaming assets in Cambodia in an effort to streamline its business operations, local media reports. On Wednesday, the NASDAQ-listed gaming technology supplier announced it sold its gaming assets in Cambodia, which included 278 electronic gaming machine (EGM) seats at the Dreamworld Club (Poipet) and an […]

    Entertainment Gaming Asia to sell EGM seats at NagaWorld

    Pan-Asia focused Entertainment Gaming Asia Inc. has announced it will sell all 670 of its electronic gaming machine (EGM) seats placed at NagaWorld Casino to a third-party in Cambodia for US$2.5 million. In a press release on Wednesday, the company said that prior to the sale, the company had leased EGMs to NagaWorld and that […]

    Entertainment Gaming Asia Inc. reports 41 percent increase in revenue in 2015

    Pan-Asia focused Entertainment Gaming Asia Inc. has reported a 41 percent increase in consolidated revenue for the 2015 fiscal year, at $31.5 million, due to increases in gaming operations and gaming product business divisions, according to a recent release. Gaming operations revenue was up 11 percent to 18.1 million for the year, and average consolidated […]

    EGT swings back to profit in Q3 as revenue surges

    Entertainment Gaming Asia swung to a profit in Q3 on higher revenue, as growth in its Cambodian gaming operations and an order from a new casino in Macau helped to offset a weaker performance in the Philippines. The company reported net income of $1.4 million, or $0.10 per share, on a weighted average diluted share […]

    Melco say Dreamplay attraction exceeds expectations

    Melco Crown Entertainment said its DreamWorks-themed interactive play and creativity center DreamPlay by DreamWorks has enjoyed high levels of visitation, exceeding expectations, since its soft opening at the City of Dreams complex in Manila in March. The company held the official opening for the attraction on Friday, attended by Melco co-chairman and CEO Lawrence Ho […]

    Entertainment Gaming Asia 15Q1 revenue soars 76 percent

    Entertainment Gaming Asia said its revenue soared 76 percent in 15Q1, helped by increases in both the gaming operations and product businesses. The total was $8.3 million compared with $4.7 million a year earlier. Gaming operations revenue was $4.0 million for the first quarter of 2015, an increase of 3 percent compared to $3.9 million […]

    Grand opening of City of Dreams Manila on Feb. 2

    Integrated casino resort developer Melco Crown (Philippines) Resorts Corp announced that the official Grand Launch of its new integrated casino resort, City of Dreams Manila, is to take place on Monday February 2. In a news release Monday, the City of Dreams Manila is poised to become a premier leisure and entertainment destination with the […]