Tuesday, June 18, 2019

James Packer resigns over mental health issues

Billionaire James Packer has stepped down from the board of Crown Resorts citing mental health problems. “Mr Packer is suffering from mental health issues. At...

Former ministry official tangled in Kangwon scandal

South Korea’s Ministry of Culture, Sports and Tourism office was raided on Saturday after allegations emerged that a former tourism ministry official had used...

Ruling party lawmakers call for five IRs

As the debate begins on precisely how many IRs should be licensed under the forthcoming IR Implementation Bill, a group of ruling party lawmakers...

Dragon Corp casino partner ended ties in November: report

The Norwegian company that was in a supposed partnership with Dragon Corp to develop a floating casino in Macau says it never signed a...

Udenna to shift hotel/casino assets to listed unit

Privately owned Udenna Corp is planning to shift its hotel and casino assets into a listed unit as it pushes further into the tourism sector in the Philippines.  

Industry should outperform Hang Seng Index in 18H2: MS

While Macau stocks underperformed the Hang Seng Index in 18H1, Morgan Stanley analysts believe Macau casinos will “meet or beat” earning estimates for the...

NagaCorp H1 results soar

NagaCorp reported an 85 percent gain in interim gross gaming revenue, driven by VIP visitation to its new Naga 2 property and strong growth in the mass market.

Belle Corp net profit up 11 percent on COD Manila gains

Philippine-listed Belle Corp grew its net profit by 11 percent year-on-year in 18H1, reaching P1.96 million, according to its Friday results filing. Excluding capital...

Caesars swings to Q2 profit as revenue doubles

Caesars Entertainment swung to a profit in Q2 as revenue doubled due to the inclusion of income from Caesars Entertainment Operating Company, which emerged from bankruptcy late last year.

No new casinos during presidency: Duterte

Philippine president Rodrigo Duterte on Wednesday announced there would be no new casinos set up during his presidency, raising further doubt over major investments...

TRENDING ARTICLES

Slow ramp-up expected for Grand Lisboa Palace

SJM’s Grand Lisboa Palace will suffer from s slow ramp up, and likely fall behind schedule for its opening, according to Bernstein analysts in...

New LT Game slots to be available in June

Paradise Entertainment chairman Jay Chun says he expects his latest line of slot machines, developed through its subsidiary LT Game, to be available at...

Melco to delay opening City of Dreams Mediterranean

The opening of Melco’s integrated casino resort in Cyprus has been pushed back six months due to the extensive infrastructure needed, local media reports....

Melco buys A330 to add to fleet, MNA reports

Melco Reports & Entertainment has bought a third plane, an Airbus A330, to its fleet to transport VIP gamers to its properties, MNA reports.

SkyCity online gaming site expected to launch mid-2019

SkyCity Entertainment Group on Wednesday has announced its Maltese subsidiary has partnered with international iGaming company Gaming Innovation Group Inc (GiG) to provide New...