Monday, May 13, 2024

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Bloomberry’s net profit up 85% to $170M in 2023 driven by mass segment 

Philippine gaming operator Bloomberry Resorts has reported consolidated net income of PHP9.5 billion ($170 million) for 2023, an 85 percent increase from PHP5.1 billion ($91 million) in 2022.

Genting Singapore’s net profit tops $456M in 2023, up 80% year-over-year

Genting Singapore has announced a net profit of SG$611.6 million ($456 million) for the fiscal year 2023, which concluded on December 31st, marking an 80 percent increase year-over-year.

Kangwon Land’s net profits down 19.4 percent q-o-q in 3Q23

South Korean casino operator Kangwon Land Kangwon Land reported net profits of KRW73.8 billion ($56.2 million) for 3Q23, a 19.4 percent decrease from 2Q23 and a slight 1.3 percent decline on a year-on-year basis.

Ainsworth net profit drops in 1H23 but revenue improves on the back of strong North and Latin America performance

Australian gaming machine manufacturer Ainsworth Game Technology reported AU$4.1 million ($2.6 million) in net profit attributable to shareholders in the first half of this year, an almost 30 percent drop from the same period last year.

Reef Casino Trust reports 28 percent drop in net profits for 1H23

Reef Casino Trust, operator of the Reef Hotel Casino in Cairns, Australia, has reported a drop in revenue and distributable profit in the first half of this year.

Kangwon Land net profits slide 12 pct q-to-q in 2Q23

Korean gaming company Kangwon Land KRW89.2 billion ($68.5 million) in net profits for the second-quarter of this year, up 138.3 percent from a year earlier, but a 12 per cent drop from the previous quarter.

Cambodia operator NagaCorp net profit up 57 percent in 1H23, to $83 million

NagaCorp Ltd, operator of NagaWorld, a casino resort monopoly in the Cambodian capital Phnom Penh, has announced that it recorded a 57.4 percent increase in net profit in 1H23, topping $83 million.

Maybank trims Genting Singapore’s core net profit forecasts by 12 percent

After having a meeting with Genting Singapore management, analyst Samuel Yin Shao Yang at Maybank cuts its core net profit forecasts by 12 percent and EBITDA forecast by 14 percent for 2023.

Premium Leisure Corp sees 109 percent increase in net profit in 1Q23

Sizeable topline growth helped trigger upward momentum in the net income of Philippines-headquartered integrated resort, casino, and lottery company Premium Leisure Corp (PLC).

Aristocrat buying back further $340mln in stock, expects net profit growth in FY23

Aristocrat has announced that it is planning to buy back an additional AU$500 million ($340.42 million) in on-market shares, after extending its share repurchasing program. The share repurchase period will extend over a 12-month period to May of 2024.