Tuesday, May 24, 2022
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Felix Ng

Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. He has developed some of the most well-known conferences for the Asian gaming industry, most recently being the ASEAN Gaming Summit, the Australasian Gaming Seminars, and the Mekong Gaming Summit. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.

Konami year-end profit up 70%, with revenue gains across all segments

Konami Holdings' year-end profit reached JPY54.8 billion (US$426.4 million) for the 12 months ending March 31, 2022, with gains seen across all its business segments including digital entertainment, amusement, gaming and systems and sports.

Nine-year Star director signals his board exit following inquiry

A nine-year board member of The Star Entertainment has become the first director to signal his intent to leave the company amidst the royal-commission-style inquiry into Star’s suitability to hold a casino license in NSW. 

Cambodia’s border casinos still brushing off the Covid-19 dust

Several years of lockdowns have not been kind to Cambodia’s border casinos, with only some having resumed operations, whilst others are in dire need of renovation, license renewal, or re-staffing. 

Grand Korea Leisure reports narrowed net loss in 1Q22, casinos sales...

South Korean casino operator Grand Korea Leisure (GKL) reported a net loss of KRW10.8 billion (US$8.5 million) in 1Q22, despite a rise in casino sales on strong table game performance. 

Philippines licensed casino GGR up 29.6% in 1Q22

Philippines’ licensed casinos produced a total of P30.1 billion ($575.6 million) in gross gaming revenue (GGR) in 1Q22, rising 29.6 percent compared to the same period in 2021, according to data released by PAGCOR. 

Fitch maintains negative ratings watch on MGM Resorts on concession risks

Fitch Ratings has maintained its negative ratings watch on MGM Resorts International, due mainly to  regulatory uncertainty relating to MGM China’s gaming concession in Macau. 

No plans to allow gaming in Dubai: Tourism official

A senior Dubai official says there are no current plans to allow gaming in the emirate, unlike its neighbor Ras Al Khaimah, which will be home to the UAE’s first Wynn Resorts-built casino. 

Paradise Co. to benefit most from Japan-Korea travel resumption

South Korean casino operator Paradise Co. is set to be one of the key beneficiaries from a reopening of air- travel between Korea and Japan, given their historic reliance on Japanese tourists, says Shinhan Investment Corp. analyst Ji InHae. 

Wynn Macau Q1 results fall on subdued visitation

Wynn Resorts’ Macau operations continue to be impacted by Covid-19 related travel restrictions and conditions, with operating revenues and EBITDA falling year-on-year. 

Wynn Resorts to revamp Macau VIP rooms, develop land parcels

Wynn Resorts has revealed plans to revamp its former VIP rooms at its two Macau properties, whilst revealing that its holding three undeveloped land parcels to “expand our business considerably” in Macau.