Monday, August 19, 2019

Galaxy brings Japanese students to Macau for IR education

Galaxy Entertainment has announced a new three-week program which will bring students from Toyo University, Kyoto Sangyo University, Fukuoka University, and Okura Nikko Hotel Management to Macau for training about the IR industry.
Cambodia, Star Vegas

Donaco announces delays in arbitration case

Donaco International has announced a further delay in its legal battle to secure compensation from the former owners of its Cambodian resort, Star Vegas.
NZ SkyCity

SkyCity posts flat annual profit

New Zealand hotel and casino operator SkyCity Entertainment Group has reported flat normalised earnings and profit in full year financial results released on Wednesday.

Cashless gambling a way of the future

Cashless gaming is seen as the next significant technology trend to hit the gaming floors, but experts believe there will still be work to...
Korea, Paradise City

Paradise Q2 loss widens

Paradise Co., which operates foreigner-only casinos in South Korea, posted a wider Q2 loss although revenue gained.
AGE-2019 crowds

AGE visitors up 3 percent, seminars standing-room only

The Australasian Gaming Expo has attracted 3,100 visitors, with registrations up 3 percent from 2018 and arrivals on day one also gaining 3 percent. 
HK protests June (file)

Early resolution to HK protests unlikely: Vickers

The increasingly violent protests in Hong Kong, which is beginning to have an impact on Macau’s gross gambling revenue, are not likely to end anytime soon in the absence of visible dialogue to find a solution, according to a leading risk consultancy.
Resorts World in Manila

Travellers Q2 net halves despite revenue gains

Travellers International Hotel Group posted an almost 52 percent drop in Q2 net profit as costs rose and a one-time gain reported last year wasn’t repeated, though revenue growth was strong.
Galaxy Macau

Galaxy Q2 results top forecasts on higher hold

Galaxy Entertainment posted flat adjusted EBITDA for Q2 and lower revenue, but the results topped analysts’ forecasts helped by higher hold.
MGM Cotai

MGM China refinances debt

MGM China said the company’s lenders have agreed on a revolving credit facility of HK$9.75 billion ($1.24 billion) that will refinance existing senior secured credit facilities and will be used for working capital.

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Nagaworld

Naga 3 to be 90 percent non-gaming with focus on tech

NagaCorp says 90 percent of its $3.5 billion Naga 3 property will consist of non-gaming amenities, with a strong focus on high-tech elements.
Dynam pachinko hall

Dynam reports 1.2% revenue growth in April-June

Dynam Japan Holdings, the largest pachinko company measured by its number of parlors, reported to the Hong Kong Stock Exchange a 1.2% increase in total revenues in the April-June 2019 period, boosted by its low playing cost halls.

Pacquiao One Punch KO

Ganapati PLC’s latest initiative packs quite a punch. The global supplier of Japanese content recently announced its intention to produce an official Manny Pacquiao...
Macau casino floor

HK protests begin to hit Macau revenue: Bernstein

The street protests that have been rocking Hong Kong for the past nine weeks are beginning to have an impact on gross gambling revenue in Macau, Bernstein analysts wrote in a note.

Okada Manila opens rooms as July revenue jumps

Universal Entertainment said Okada Manila is opening more hotel rooms to accommodate visitors as its July revenue spiked 48 percent from the prior year.