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LRWC Q1 profit drops 70 percent

Leisure & Resorts World Corp. said its Q1 profit dropped nearly 70 percent following its divestment from the City of Dreams, non-recognition of deferred tax assets and pre-opening expenses from a planned casino on Boracay.
Ainsworth booth

Ainsworth stock tanks on profit warning

Shares in Ainsworth Game Technology Limited tanked 37 percent on Friday after the company warned profit for H2 will be less than half of its prior estimate.

TRENDING ARTICLES

Galaxy Q3 beats consensus on solid mass

Galaxy Entertainment Group’s third-quarter results beat analyst estimates, with adjusted EBITDA of $4.1 billion, up 6 percent year-on-year. In a Q3 earnings release, Galaxy reported...

Osaka publishes IR timeline; sticks to pre-World Expo opening

On Thursday, the Osaka prefectural and city governments became the first local governments in Japan to publish their own timeline for IR development, holding fast to their objective of opening the IR at Yumeshima in advance of the 2025 World Expo.

MGTO claims strong record on implementation

The Macao Government Tourism Office (MGTO) claims that it has already implemented 81 percent of the actions and objectives outlined in the 2017 Macao Tourism Industry Development Master Plan.

Japan IR Expo in Hokkaido cancelled

In what was nearly an inevitable move, the 1st Japan IR Expo in Hokkaido, scheduled to be held next week, has been cancelled by its organizers in the wake of Hokkaido Governor Naomichi Suzuki’s decision not to go forward with an IR bid at Tomakomai city.

MAGAZINE ISSUES

Regional growth and room to experiment are Philippine pluses

 inaugural G2E Asia @ the Philippines wrapped up on Wednesday, with suppliers at the show expressing optimism about future growth in the country, in...

Impressive achievements, but still room for improvement

At the time of its handover to China in 1999, Macau’s transition from a colonial outpost to a semi-autonomous global gaming powerhouse was far from assured.

Macau 2020 and beyond

The 1999 handover and casino liberalization policy put in place a new phase of development for Macau. All six casino licenses are soon set to expire and once the retendering process has been enacted, Macau will enter a crucial next phase.