Thursday, February 21, 2019

Melco 18Q4 results above estimates

Melco Resorts & Entertainment reported a 5 percent gain in Q4 revenue, attributing the increase to higher group-wide rolling chip and mass market table games revenue.

High-rollers returning to Macau, Feb GGR to grow 2-5 pct: Bernstein

Bernstein analysts are expecting February GGR in Macau to increase approximately 2 to 5 percent year-on-year, helped by the return of high rollers post...

Foxwoods and Mohegan continue to feel the bite of MGM competition

Foxwoods Resort and Mohegan Sun in Connecticut continue to report significantly lower slot machine revenue more than half a year since MGM Springfield opened...

Wakayama IR Business-Connect Seminar fully subscribed

The Wakayama IR Business-Connect Seminar, held today on Feb. 19, 2019, at the Daiwa Roynet Hotel Wakayama, has been fully subscribed, say, organizers. The...

More thought needed about VIP services

One of the objectives of the establishment of IRs in Japan is to attract a new class of VIP visitors who spend significant amounts...

Police probe fatal stabbing at Sands China hotel

Police in Macau are probing the fatal stabbing of a 41-year-old man from mainland China in Sands China’s Conrad Hotel.

Amax disposes of stake in Greek Mythology

Hong Kong-listed Amax International Holdings has disposed of its 24.8 percent stake in the defunct Greek Mythology casino. The announcement came after the company suspended...

Caesars Entertainment at a crossroads

The future direction of Caesars Entertainment became even less clear after it was reported by the Wall Street Journal that Carl Icahn, who holds...

Osaka city budgets for IR and Yumeshima development expenses

Osaka city has released its FY2019 budget proposal in which a total of JPY163 million (about $1.5 million) is earmarked for direct IR-related expenses....

Jury is still out whether Beijing’s clampdown on forex will affect Macau

It is currently unclear whether Beijing’s latest efforts to criminalize illegal forex trading activities will have any effect on gaming in Macau, but analysts...

TRENDING ARTICLES

Pansy Ho makes a play for SJM board

On Wednesday night, an alliance was formed between Shun Tak Holdings, a company owned by Stanley Ho, Fok Foundation and three parties controlled by...

Indo Pacific Gaming opens table games division

Indo Pacific Gaming International on Wednesday announced the formation of a new table gaming sales and operations division, to be headed by casino gaming...

Macau Jan. GGR falls less than expected

Macau recorded its first year-on-year decline in gross gaming revenue in 29-months in January, though the drop was not as severe as analysts had...

SKYCITY’s shares fall as market digests results

SKYCITY shares opened at NZ$3.83 this morning four percent down on its peak price for the year of NZ$3.99 on Tuesday the day after...

Deloitte Japan fined for violating auditor independence rules

The US Securities and Exchange Commission (SEC) announced last week that Deloitte Tohmatsu (Deloitte Japan) had agreed to pay a $2 million fine to...