Monday, March 4, 2024

Earle Hall

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Earle G. Hall, [email protected] • Vice-Chairman, International Gaming Standards Association • 2xTEDx • Veteran

LATEST NEWS

Intralot expands partnership with Magnum Corporation in Malaysia

Greek lottery and gaming provider Intralot has signed a new multiyear deal with Magnum Corporation, a prominent player in the Malaysian gaming industry.

Melco with 224% bump in operating revenues during Q423

Gaming operator Melco Resorts & Entertainment witnessed a substantial increase in total operating revenues during the fourth quarter of 2023, reaching $1.09 billion. 

Shin Hwa expecting FY23 loss of up to $69 million, on weak visitation

South Korean gaming operator Shin Hwa World has issued a profit warning for 2023, with the company expecting a loss of between HK$450 million ($57.5 million) and HK$540 million ($69 million).

Genting Malaysia’s leisure and hospitality biz up 23% in FY23

Global casino operator Genting Malaysia has reported a continuous improvement in its performance due to further recovery from the COVID outbreak.

RGB International turns to loss in 4Q23, as segment revenues fall

Malaysian gaming equipment supplier RGB International saw a drop in revenue and a significant loss for the fourth quarter of 2023, according to the group’s most recent financials.

Macau’s GDP grows 80.5% in 2023, driven by tourism and gaming

Macau’s GDP experienced a remarkable 80.5 percent year-on-year rebound last year, propelled by the flourishing tourism and gaming sectors.

Premium Leisure Corp. sees 50% increase in gaming revenue last year 

Philippines-headquartered integrated resort, casino, and lottery company Premium Leisure Corp. (PLC) has recorded an impressive growth in 2023.

Macau’s February GGR reaches $2.29B, down 4.4% from January 

Macau's gross gaming revenue (GGR) amounted to MOP18.5 billion ($2.29 billion) in February, reflecting a 4.4 percent decrease from January's MOP19.3 billion ($2.4 billion) and a 5.2 percent decline compared to the October high of MOP19.5 billion ($2.41 billion).

Take down gambling ads, Indonesia tells X

Indonesia’s Ministry of Communication and Information Technology has summoned representatives of social media platform X to discuss stricter measures against illegal gambling ads.

Indian authorities freeze $15 million linked to Chinese betting apps

Authorities in India have frozen INR123 crore ($15 million) and conducted searches in ten locations during a crackdown on Chinese controlled betting and loan apps.

Ainsworth ends 2023 with $5.8 mln in net losses

Australian gaming machine manufacturer Ainsworth Game Technology, reported a net loss after tax of AU$9.0 million ($5.8 million) for full-year 2023, compared to the net profit after tax of AU$10.2 million in the prior year.

Galaxy market share declined in Q4 2023 compared to pre-pandemic period – CBRE

CBRE analysts point out in a recent report that Galaxy Entertainment Group (GEG) market share in the Macau SAR gaming and hospitality sector experienced a decline in the fourth quarter of 2023 compared to the same period in 2019.

The Star sees $5.9M in profit for fiscal half-year, amongst inquiry woes

Australian gaming group The Star Entertainment has announced that it achieved some AU$9.1 million ($5.9 million) in profit after tax for its fiscal half year, amongst a “challenging regulatory environment”.

Casino operator Donaco reports surge in profits for first half of FY24

Casino operator Donaco International has reported a significant turnaround in its fiscal first-half net profit after tax, marking a notable improvement from the prior-year period.

Basketball player Kai Sotto is the new 1xBet ambassador in Asia

Global betting company 1xBet is pleased to announce the start of a partnership with talented basketball player Kai Sotto. Now, the young Filipino will represent the 1xBet brand in his homeland, as well as in Japan, China, Indonesia, Thailand, and other Asian region countries.

Macau legislative assembly approves draft bill to counter illegal gambling

The Macau Legislative Assembly this Wednesday approved the first reading of new legislation against illegal gaming.

Rebound in customer traffic helps Okura Holdings profit in 2H23

Pachinko operator Okura Holdings reported a significant increase in profit before income tax, rising approximately JPY929 million ($6.1 million) in the second half of 2023, a 569.9 percent bump from the same period in the previous year.

Casino closures only partial and temporary: Genting Highlands

Genting Bhd's Resorts World Genting has clarified that only some sections of two out of its three casinos will be closed temporary for renovation purposes.

Sands China CEO Grant Chum: $1.4 billion towards Londoner Phase 2 and Arena revamp

Sands China is doubling down on its non-gaming investments, with newly elevated Grant Chum – the group’s President and CEO – saying it will lay-out some $1.4 billion on Londoner Phase 2 and the revamp of its Cotai Arena.

Light & Wonder profit up 220% in 4Q23, growth across all business segments

Gaming giant Light & Wonder has announced that the group saw a 220 percent increase in profits during the fourth quarter of 2023, topping $67 million, as revenue rose by 13 percent to $770 million.

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