Thursday, November 15, 2018

World Expo and IR would boost Osaka economy: Nomura

The Japanese brokerage Nomura agrees with the sentiments of the Osaka government in a November 9 research note that declares, “a win for both the World Expo bid and the casino license would be expected to boost investment returns and have a positive impact on Osaka's economy.”

Cost savings may offset tax hikes for Genting: Fitch

Genting is likely to see a decline of around 8 percent to 9 percent in group earnings before interest, tax, depreciation, amortization and rent/restructuring costs (EBITDAR) as a result of the Malaysian government’s decision to hike taxes in this year’s budget, though potential cost savings may offset the impact on the group’s financial profile, Fitch Ratings says.

Macau junket operators call for govt support in collecting debt, tax breaks

Representatives from the junket sector on Tuesday urged for the local government to assist the sector in collecting bad debts and reduce gaming taxes,...

Universal Ent net income in first nine-months reaches JPY168 bln

Japanese gaming conglomerate Universal Entertainment reported net income of JPY168 billion (US$1.5 billion) and net sales of JPY67 billion for the first nine months...

Travellers swings to profit in nine-months to Sept 30

Travellers International Hotel Group, owner and operator of Resorts World Manila, swung to a net profit of P1.8 billion (US$33.8 million) for the nine...

Bloomberry profit down 39 percent in 18Q3

Bloomberry Resorts Corp, operator of the Solaire Resorts and Casino, saw its consolidated net profit drop 39 percent, reaching P1.1 billion (US$20.6 million) in...

Association fears casino entry ban will cause inconvenience

A Macau gaming workers association has expressed concerns that barring casino staff from casinos would cause unnecessary inconvenience to the affected workers. Head of the...

Government to stipulate minimum IR hotel size

As the central government moves toward compiling its regulations for the “core facilities” for Japanese IRs, it became apparent at a meeting of the...

HZMB opening hasn’t yet increased visitation: Ambrose So

SJM chief executive Ambrose So says he has not seen a visible increase in visitation after the opening of the Hong Kong-Zhuhai-Macau Bridge, as...

Technology tools to boost table game yields

The development of new technologies is creating opportunities to optimize casino operations in a way that would not have been thought possible a few years ago, in particular when it comes to table management, though there is debate over which systems provide the best solution.

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Delta Corp casino revenue exceeds expectations in 18Q3

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Melco PH tender offer set for Oct 31

MCO Philippines, a subsidiary of Melco Resorts, is set to commence its tender offer for 1.6 billion common shares in Melco Resorts and Entertainment...

RTG Asia releases Plentiful Treasures slot

RTG Asia is tapping into old favorites with its new slot game - Plentiful Treasures. The game is already a hit on casino floors...

Galaxy says IR would be a “good fit” for new Boracay

Galaxy Entertainment told the South China Morning Post in an email that it believes its planned project for an IR would be a “good fit” for the new Boracay.

Genting Malaysia to review marketing expenses after tax hikes

Genting Malaysia said it was reviewing marketing expenses and its cost structure after the government hiked casino taxes and duties in its annual budget, provoking the biggest one-day share price drop on record for the company.