Tuesday, October 16, 2018

Studio City sets terms for IPO

Studio City International Holdings, the controlling entity of Studio City in Macau has announced terms for its long-awaited Initial Public Offering (IPO) on Wednesday....

Typhoon Mangkhut dampened otherwise strong Sept GGR

Macau GGR in September rose only 2.8 percent year-on-year - affected by casino closures during Typhoon Mangkhut and related disruptions. According to data from...

VIP revenue at Crown Perth falls in 2017-18

Baccarat revenue at Crown Perth fell nearly 24 percent in the 2018 financial year, a reflection of China’s increased crackdown on foreign gambling companies,...

Rich Goldman swings to profit, but gaming rev down

Macau junket promoter Rich Goldman Holdings saw its net profit attributable to owners of the company reach HK$39.9 million (US$5.1 million) in the twelve...

Melco facing near term headwinds, but undervalued

While Melco has been experiencing weaker than expected ramp up at City of Dreams and Studio City, Bernstein analysts believe the stock to be...

Macau gaming stocks to rebound, Golden Week strong: MS

The recent fall in Macau gaming stocks could swing back to a 50 percent rebound if it is anything like the slowdown of 2011/12,...

Macau gaming receipts up 18.7 pct in 2017

Macau’s total receipts from ten enterprises engaged in gaming activities increased by 18.7 percent year-on-year to MOP 268.01 billion (US$33.2 billion) in 2017, according...

SVH revenue gains on Tiger opening, loss widens in 18H1

Australia-listed Silver Heritage Group saw a significantly widened of loss in the first half of 2018, due mainly to costs associated with its Tiger...

Wakayama RFI gains feedback from 33 companies

The Wakayama RFI process launched in June was concluded at the end of August. A total of 33 companies submitted plans before the deadline. The...

IPI gets three year extension for initial gaming facility

Imperial Pacific International Holdings has been given an extension for completion of its initial gaming facility in Saipan to no later than February 28,...

TRENDING ARTICLES

Mombetsu Racecourse to resume operations next week

Mombetsu Racecourse has announced that it will resume horse races from September 25, in spite of the fact that both the facility and the region have not yet entirely recovered from the September 6 Hokkaido earthquake.

Stepping up the pace

GameCo LLC, creator of the world’s first Video Game Gambling Machine, will showcase a key innovation whereby their games can achieve a similar pace of play as traditional slot machines, providing an increased level of Coin-In as well as a much greater degree of player engagement.

RTG releases new slot – Stardust

RTG Asia has announced the introduction of its newest, medium volatility, five-reel slot - Stardust. The slot follows the story of a fairy named...

TYM Performance

This year at G2E Las Vegas, Tangam will be unveiling TYM Floor Performance, a new product which revolutionizes how data is utilized by stakeholders to...

Macau stocks to be weighed by weak Q3 earnings: MS

While Macau’s casinos benefited from strong visitation during Golden Week, Morgan Stanley analysts warn that weak third-quarter earnings and cuts in 2019 estimates may...