28, Mar, 2014

REXLot Holdings Ltd. full-year 2013 profit attributable to shareholders rose to HK$869.0 million ($112 million) from HK$821.3 million last year. On a per share basis, earnings were HK$9.58 cents from HK$9.13 cents last year. Turnover from continuing operations for the year rose to HK$2.17 billion from HK$1.96 billion. Looking ahead Rexlot said it expects the upcoming FIFA World Cup in Brazil to help arouse interest in single-match games business in China.

28, Mar, 2014

Macau’s Legislative Assembly is expected to debate a implementing a full smoking ban in casinos next month, according to reports. Assembly member Ella Lei Cheng I, who tabled the motion, said that the partial smoking ban implemented last year was unsatisfactory. She said supervision had been lax and conditions for casino employees has not improved. Smoking is currently permitted in areas occupying no more than half the floor space of the gaming venues.

28, Mar, 2014

A study from the University of Hong Kong has found that about 20 percent of some 3,685 addicts who sought help at the Caritas Addicted Gamblers Counselling Centre between 2003 to 2012 had considered suicide. About 22 percent also thought about killing their families, it said. Among the suicidal group, 57 percent said they had insomnia and faced multiple issues, including emotional and family problems.

28, Mar, 2014

Success Universe has reached an accord with the Shanghai Welfare Lottery Centre to jointly launch telephone sales of welfare lottery tickets in Shanghai. The revenue from the venture will be decided according to a fixed percentage of sales, the company said in a Hong Kong Stock Exchange filing, without providing details. Total lottery sales in Shanghai for the first two months of the year were up 50 percent outstripping the national average of about 13 percent growth, the company said. Total welfare lottery sales were up about 18.3 percent.

28, Mar, 2014

AGTech Holdings Ltd. said its 2013 revenue and profit fell as its focused on transitioning from its lower-growth Lottery Management business to Gaming Technology. The company said its revenue fell to HK$208.4 million ($26.8 million) from $229.3 million the year earlier, while gross profit was down to $91.3 million from $101.6 million in 2012.

28, Mar, 2014

Iao Kun Group said it swung to a loss in Q4 as it paid higher commissions, costs rose and it faced greater competition. The net loss was US$5.5 million, or $0.09 a share, compared with a profit of $10.1 million or $0.22 a year earlier. On an adjusted basis, the company has a loss of $3.5 million, or $0.06 a share. Revenue fell 11 percent to $50.2 million. Rolling chip turnover rose 7.3 percent to $4.1 billion.

28, Mar, 2014

Paradise Entertainment is disputing claims by SHFL Entertainment (Asia) that a Macau court has dismissed a patent infringement claim case, according media reports. Paradise alleges SHFL infringed patents held by its subsidiary LT Game. “Our injunction preventing SHFL from displaying, promoting or marketing their product in Macau still stands,” a Paradise spokeswoman told Macau Business. SHFL parent Bally Technologies said Friday that it had been informed by the Macau Public Prosecutions Officer that there was no evidence to support patent infringement.

28, Mar, 2014

Melco Crown Entertainment  has revealed the project details and architectural design of the fifth hotel tower at City of Dreams, the company's flagship property in Cotai targeting the premium segment. Melco said it teamed up with award-winning architect Dame Zaha Hadid on the design of the new hotel tower. Separately, Deutsche Bank called Melco the best-managed casino company in Macau last year. It said the City of Dreams was the leading mass-market casino, with a daily yield of US$17,800 per table, about 60 percent above average.

28, Mar, 2014

Analysts have cut back their forecasts for Macau’s gross gaming revenue based on the first 23 days of the month. Analysts at Citi said Macau’s widely watched gross gaming revenue for the first 23 days in March reached MOP24.7 billion ($3.1billion), translating into MOP1,065 million per day, which is lower than the 2014 average of MOP1,127 million per day. Sterne Agee said the March results to date are about 9 percent below February’s record rate. It said it’s reducing its forecast for growth of between 10 and 13 percent from 14 to 17 percent previously.

21, Mar, 2014

Bally Technologies, Inc. announced that on March 13, 2014, its wholly owned subsidiary, SHFL entertainment (Asia) Limited (“SHFL”), was notified by the Macau Public Prosecutor’s Office that there is no evidence that SHFL infringed either of the two patents that LT Game Limited Macau, LT Game Limited Hong Kong, and Paradise Entertainment (together, “LT Game”) alleged that it had infringed.

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