Melco Crown Entertainment posted a 13 percent gain in Q4 revenue as an improved performance at Studio City and City of Dreams Manila offset declines at its older properties.
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China lottery sales rose 7.3 percent to RMB 394.6 billion (US$57.5 billion) in 2016, according to data from the Ministry of Finance.
Robert “Bobby” Soper’s resignation last week came amid an ongoing review of “financial irregularities” at the Mohegan Sun Pocono casino.
Sands China posted a 16.1 percent decline in profit for the full-year 2016 to $1.2 billion, down from $1.5 billion in 2015, according a preliminary announcement of its annual results.
Imperial Pacific International (IPI) is planning a “soft opening” of its new casino on Mar. 31, but Saipan’s casino regulator has urged caution.
House leaders are seeking to amend the charter of the Philippine Charity Sweepstakes Office to grant it the authority to issue permits for small town lottery (STL).
MGM China reported an improvement in Q4 profit and said revenue edged up, helped mainly by a higher VIP hold.
Tim Shepherd is Co-Founder & President - Business Development & Marketing at Australia-listed, Hong Kong based Silver Heritage Group.
Shaun McCamley, previously the President of Grand Ho Tram Strip in Vietnam, has recently joined Global Market Advisors as head of their Asia office.
Patrick Jay is a vastly experienced senior commercial director, having spent more than 20 years on the front line of the global betting and gaming sector.