Friday, December 6, 2019

Tatts group announces departure of two senior executives

Australian wagering giant Tatts Group has announced the departure of the group’s CFO, Neale O’Connel as well as the COO of wagering, Barrie Fletton. According...

Wynn, Sands both a long-term play: Morningstar

Wynn Macau stocks will suffer over fears of a weak economy and construction disruption at its properties in Macau, but has long-term growth potential,...

National Tax Agency warns public to report gambling profits

With the beginning of the national income tax filing season, the National Tax Agency is warning the public that it has a duty to...

“MGM MLB Opening Series” planned for Tokyo in March

Flexing the muscles of the partnership signed last November with Major League Baseball, the MGM logo will be given prominent billing at the regular...

Pachinko majors launch consortium to support Paris Agreement goals

Three major pachinko parlor operators—Dynam, Maruhan, and Under Tree—have launched a consortium together with the Tokyo Electric Power Company to reduce energy consumption and...

Osaka Castle appears at the Bellagio

This year’s Japanese Spring show at the Bellagio Conservatory & Botanical Garden features as its centerpiece a ten meter tall replica of Osaka Castle,...

Melco International profit up 50.6 percent in 2018

Melco International Development, the majority owner of Melco Resorts & Entertainment, recorded a 50.6 percent rise in profit for the year, reaching HK$1.6 billion...

Macau industry market cap to double by 2022: MS

Analysts at Morgan Stanely expressed optimism for Macau’s gaming industry over the medium term, with expectations of a market cap doubling by end-2022, driven...

PAGCOR Q1 profit up 9.5 percent

Philippine Amusement and Gaming Corp (PAGCOR) saw its profit climb 9.5 percent to P1.6 billion (US$30 million) during the first quarter of 2019, mainly...

Philippine GGR up 17.4 percent in Q1

Gross gaming revenue in the Philippines gained 17.4 percent in Q1 to P60 billion ($1.13 billion), with most of the gains driven by casinos in Entertainment City.

TRENDING ARTICLES

IPI says raids don’t affect casino ops.

Imperial Pacific International said it assisted in an investigation by enforcement officers on Saipan on Nov. 7, adding the probe does not affect its daily casino operations.

Aristocrat logs 29 percent rise in net profit in FY2019

Slot and gambling machine maker Aristocrat Leisure saw its profits after tax rise by nearly 29 percent in the one-year period to the end of September, reaching almost A$700 million (about US$476 million). The company’s total sales were nearly A$4.4 billion.

Suncity moves quickly to secure Manila IR site

Hong Kong-listed Suncity Group aims to speed up the payment of $200 million to secure the project site for its proposed five-star hotel and casino complex, Westside City Resorts World, to be developed at Entertainment City, Manila.

Peter Wolff named GLI Director of Global Technical Compliance

Peter Wolff has been named as Gaming Laboratories International’s new director of global technical compliance, in which role he is expected to concentrate on technological advances within the gaming industry in order to support regulators in jurisdictions around the world.

VIP to make up of one-third of GGR by 2022

VIP as a percentage of revenues is expected to go down to as low as 34 percent by 2022, according to estimates from Bernstein...