Monday, November 11, 2024

Search Results

Lower VIP and higher bad debt factors in Genting Singapore’s “disappointing” 3Q24 results – Maybank

Genting Singapore's third-quarter earnings 'fell short of expectations' due to lower VIP gaming volumes and higher bad debts linked to Chinese players, Maybank research pointed out.

Kambi Group and VIP Play ink multi-year online sportsbook deal

Kambi Group (“Kambi”), a premium provider of sports betting solutions, has signed a multi-year agreement with VIP Play, Inc. (VIPZ) to provide its market-leading Turnkey Sportsbook technology to US sports betting operator ZenSports across multiple markets.

Macau VIP segment accounts for 24% of 3Q24 GGR: Regulator

VIP baccarat revenue in Macau for 3Q24 totaled just under $1.64 billion, 23.5 percent of the total GGR of nearly $6.95 billion during the period.

Century Entertainment shareholders approved Cambodia VIP room agreement

Century Entertainment International Holdings Limited held a Special General Meeting (SGM) on September 30th, where shareholders voted on a key resolution that could shape...

Citigroup cuts Macau’s September GGR forecast to $2.12B amid VIP hold drop

Macau’s gross gaming revenue (GGR) for the first 22 days of September has reached approximately MOP12.15 billion ($1.51 billion), according to data from industry sources cited by Citigroup. 

Century Entertainment Chairman promises to keep company afloat, complete Cambodian VIP room deal

Despite warnings from auditors, the directors of Century Entertainment ‘have maintained and insisted their optimistic view towards the commercial viable concern of the Group’.

Genting Singapore revenue up in 1H24 despite drags from low VIP hold in 2Q24

Genting Singapore has announced a 25 percent increase in revenue for the first half of the year, reaching SG$1.35 billion and with net profit rising by 29 percent to SG$356.91 million.

Bloomberry Resorts reports 4% YoY decline in GGR for 2Q24 due to weak VIP

Philippine-based gaming and hospitality group Bloomberry Resorts Corporation, reported a 4 percent year-over-year decline in gross gaming revenue (GGR) to PHP14.5 billion ($254.6 million) for the second quarter of 2024.

Paradise Co sees mixed results amid VIP growth and rising costs

Paradise Co, a foreigner-only casino operator in Korea, continues to show strong performance, particularly in its Japan VIP and mass gaming segments.

Strong 2Q24 for Wynn Macau, with mass leading as VIP falls further

Wynn Resort’s Macau operations saw some $885.3 million in revenue during the second quarter, with rises from both its Macau peninsula and Cotai property – up by $35.7 million and $79.7 million yearly, respectively.