Monday, November 18, 2019

SkyCity wants to swap blackjack tables for slots

SkyCity Entertainment Limited will be going before the New Zealand gambling regulator on Tuesday to seek permission to swap gambling tables for gaming machines...

Lawrence Ho expects 2019 to be a ‘down year’

Melco Resorts & Entertainment chief executive Lawrence Ho said he expects the US-China trade war and renminbi devaluation to cause a ‘down year’ for...

Empire Resorts shareholders approve acquisition from Genting

Shareholders of Empire Resorts have approved of its merger with Genting Malaysia, which will see Genting own 38.3 percent of the company.Earlier this month,...

Melco, MGM outshine peers in Q3

Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.

RWM sees sustained VIP recovery, growth in mass in 19Q3

Resorts World Manila (RWM) located in Entertainment City, posted a sharp 49 percent increase in consolidated net revenues, reaching P16.4 billion (US$324.2 million) in...

Solaire Resort posts a 46% increase in Q3 GGR

Philippines-listed Bloomberry Resorts has reported a 46 percent increase in Q3 GGR at its Solaire Resort & Casino in the Philippines, driven by higher...

No clarity on Tokyo’s IR policy expected before gubernatorial election

With Tokyo gubernatorial elections now scheduled for July 5 of next year, political observers are predicting that Governor Yuriko Koike will not clarify her stance on an IR bid for at least the next nine months or so.

Macau estimates $11.2 billion in gaming taxes for 2020

The Macau government’s budget proposals put forward the estimate that it will collect MOP91 billion (about US$11.2 billion) in gaming taxes in 2020, suggesting no growth in the coming year.

Inspire Korea comes into clearer focus

Mohegan Gaming & Entertainment’s plans for its Inspire Korea IR in Incheon are coming into much clearer focus, especially after CEO Mario Kontomerkos outlined his firm’s vision to Korean journalists earlier this month.

Donaco wins court ruling in Cambodia

A Cambodian appeals court has ruled in favor of Donaco International, allowing the company to retain ownership of various assets at its Star Vegas...

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MBS mass hit by entrance levy hike

The entry fee increase for local Singaporeans is weighing on Marina Bay Sands’ mass market, with some citizens unlikely to renew their annual passes when they expire.
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Casinos counter Chinese VIP conundrum

There’s no doubt that the integrated resorts springing up across Asia were targeted at China’s VIPs, but with that market in retreat there’s little sign of high rollers from other jurisdictions stepping up to take their place.

Galaxy Q3 beats consensus on solid mass

Galaxy Entertainment Group’s third-quarter results beat analyst estimates, with adjusted EBITDA of $4.1 billion, up 6 percent year-on-year. In a Q3 earnings release, Galaxy reported...
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Villagers oppose casino relocation

Nerul villagers are opposing a plan to relocate Goa’s floating casinos to a site in Aguada Bay, local media reports.

KRA hopes to introduce online racing betting

The Korea Racing Authority has launched efforts to introduce online horse racing betting in the country, in the hopes of limiting illegal online betting.According...