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Thursday, May 15, 2025

Dominick Stenson

Dominick Stenson
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LATEST NEWS

Aristocrat sees revenue increases across all segments, profit tops $474M in fiscal half year

Aristocrat has announced a 5.6 percent increase in profit for the first financial half year (ending March 31st), totaling AU$732.6 million ($474.36 million), bolstered by strong North American sales.

IGT results drop in 1Q25 but are “in line with expectations”, as company focuses on lottery segment

International Game Technology (IGT) says that its first quarter results were “In line with expectations”, with revenue falling by 12 percent yearly to $583 million as it focuses on its lottery business.

SBObet surrenders Isle of Man online gambling license

Celton Manx, the license holding entity for SBObet and various of its online presences, has surrendered its Isle of Man online gambling license.

Macau International Airport expansion project commences construction

The expansion project at Macau International Airport (MIA) has been kicked off. The undertaking aims to increase the airport's capacity and operational capabilities, targeting 15 million annual passengers.

Macau’s post-Golden Week slowdown shows 44% drop to $71.8M daily revenue

Despite a robust Golden Week, Macau saw a sharp 44% fall in daily gaming revenue after the holiday, exceeding typical dips.

Marina Bay Sands completes hotel room renovation amid ongoing $1.75B upgrades

Singapore’s Marina Bay Sands has completed its hotel room renovations as part of a multi-year transformation project worth $1.75 billion.

Sportradar tops expectations with 1Q25 results, with profit over $26.5M

Global sports technology company Sportradar achieved the top-end range of expectations for its 1Q25 results, with profit totaling $26.65 million.

Ainsworth expecting flat results in 1H25, despite improvements in Australia

Australian gaming machine manufacturer Ainsworth Game Technology is expecting to see relatively flat profit before tax for the first half of 2025, amounting to approximately $8.9 million.

Philippines’ money laundering watchdog to investigate junkets over ransom paid for kidnapping of slain businessman

The Philippines Anti-Money Laundering Council (ALMC) has announced that it is investigating alleged money laundering linked to the ransom paid for the kidnapping of slain businessman Anson Que.

HKJC aims to become ‘global sports entertainment brand’

The Hong Kong Jockey Club (HKJC) says that it plans to become a ‘global sports entertainment brand’, showcasing the city as a ‘center for global exchange, connectivity and tourism’.

Sega Sammy reports record-high results in gaming and hospitality biz for fiscal year

Japanese gaming giant Sega Sammy Holdings Inc. has reported record performance in its gaming and hospitality business for the fiscal year ended March 31st, 2025, driven by strong results from its Paradise City casino resort venture in South Korea.

Paradise Co reports strong 1Q25 earnings despite decline in casino drop

South Korea's Paradise Co. posted strong 1Q25 results, with revenue up 7% yearly to $199 million and operating profit rising 18.3% to $40 million.

US-backed Macau operators can breathe easier after temporary tariff reductions between US and China

A temporary reduction on US-China tariffs has been announced, possibly lowering the chance Macau gaming operators could be used as a pressure point, but questions remain.

Macau Monetary Authority, gaming watchdog unconcerned over possible satellite casino closures

Macau's monetary authority and gaming watchdog show little worry about the potential impact of the possible closure of satellite casinos by the end of the year.

Melco strengthens position in Macau with 15.8% market share in 1Q25: Seaport

Melco Resorts & Entertainment has reported stronger-than-expected 1Q25 results, demonstrating significant market share gains in Macau while simultaneously reducing operational expenses.

Resurgence in Asian Poker? APT indicates “huge demand” for tournaments

Poker has undergone various starts and stops within Asia but it now appears to be on a continuing upward trend, with the Asian Poker Tour (APT) highlighting a breakout event in Taipei recently where it has “truly found a home”.

Former PAGCOR Chairman Genuino and four co-accused sentenced to over 100 years jail time

The former Chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), and four other top officials have been sentenced to over 100 years in prison over graft and alleged misuse of agency funds.

US-China tariff spat raised by HK&Macau Affairs Office head during visit

The head of the Hong Kong and Macau Affairs Office has discussed the impact of the US-China trade dispute with Macau officials, attempting to assuage concerns but pushing for diversification away from gaming.

Macau junket rep hopes for regulatory clarity under new DICJ leadership

Macau’s junket industry is calling for greater clarity and fairness in regulations as the city welcomes a new head of its gaming regulatory body.

Donaco faces delays in takeover process, navigates uncertainty over Cambodian casino tax

Australian-listed casino operator Donaco International Ltd is facing a delay in the implementation of its proposed acquisition by On Nut Road Limited (ONR), as well as growing uncertainty over its tax obligations in Cambodia.

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