Monday, August 19, 2019
James Murren

MGM’s Murren says Osaka IR can open before 2025 World Expo

MGM Resorts Chairman and CEO James Murren has told the Japan Times that there is still enough time to open the Osaka Yumeshima IR before the 2025 World Expo, and thus capturing the benefits of having an estimated 28 million people coming to the attractions next door.
Macau, Ponte 16

Success Universe forecasts H1 profit jump

Success Universe, an investor in Macau’s Ponte 16 resort, said it expects its group profit for the six months to end June to be about two to three times the level of the prior year.

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.

Landing expects net loss for six months to June 30

Landing International has informed its shareholders that it expects to record a net loss for the six months ended June 30, due in part...

IPI issues profit warning for 19H1

Saipan casino operator Imperial Pacific International said it expects to record a loss for the first half of 2019, due mainly to a decrease...
VIP Room

China statement a warning to junkets: Bernstein

China’s statement on online gambling in Manila could be seen as a warning to junkets and online gaming operations about gambling outside of Macau, Bernstein analysts wrote in a note.
Tiger Palace Resort, Nepal

Silver Heritage says Nepal legal action poses no threat

Australia-listed Silver Heritage said legal action brought against its Nepalese units by a local consumer water group pose no immediate commercial threat or risk to its operations in the country.

Sands China posts 9 pct profit in 19H1

Macau casino operator Sands China posted a nine percent increase in profit for the first half of 2019, driven by increases in mass gaming...

MGE third-quarter revenue flat, income down

Third-quarter revenues edged up slightly for Mohegan Gaming & Entertainment, rising 0.8 percent year-on-year to US$347.6 million, according to a report from the company.  MGE...

Bekier defends the use of junkets

Star Entertainment Group chief executive Matt Bekier has defended the use of junkets, describing their use as a well-established feature of the gaming industry,...

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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.