Thursday, May 23, 2019

Macau GGR remains headed for 2-4 pct growth in May: Bernstein

Analysts at Bernstein have reaffirmed their Macau GGR forecast for the month of May at 2-4 percent growth, year-on-year. The estimates follow a steady month-to-date...

VIP segment weighs on Galaxy 19Q1 results

Galaxy Entertainment Group (GEG) saw its results weighed down by a challenging VIP segment in 19Q1, with the high-roller focused segment falling 25 percent...

Pagcor remits P16.17 billion to the government in 2018

The Philippines gaming regulator on Tuesday announced it has remitted its single largest annual dividend to the national government in 2018 - due to...

500.com net loss widens in 19Q1 on Europe woes

China lottery service provider 500.com posted a widened net loss in the first quarter of 2019, reaching RMB93.2 million (US$13.9 million), due mainly to...

Bloomberry growth expected in 2019, despite competition: MS

Bloomberry Resorts is expected to see an eleven percent rise in gaming revenue in 2019,  driven by strong Chinese visitation and junket expansion in...

Asia Pioneer post widened loss in 19Q1

Hong Kong-listed Asia Pioneer Entertainment reported a widened loss of HK$1.9 million (US$242,000) for the quarter ended March 31, 2019, due mainly to a...

Mixed results for Korea’s casino operators in 19Q1

South Korea’s casino operators saw mixed results in the first quarter of 2019, with some, such as Kangwon Land, reporting a 13.3 percent rise...

MGE sees revenue, income fall in first quarter of 2019

Mohegan Gaming & Entertainment, the company behind the Mohegan Sun in Connecticut and Inspire Korea in Incheon, recorded a fall in net income and...

Wynn Palace revenues not enough to offset overall revenue decline

Strong results for Wynn Palace was not enough to fully offset the total revenue decline for Wynn Resorts in 19Q1, with Wynn Macau and...

Bloomberry sees net profit shrink 40 percent in 19Q1

Bloomberry Resorts, the operator of the Solaire Resort & Casino saw its consolidated net income plunge by 40 percent in the first quarter of...

TRENDING ARTICLES

Note offer still allows MGM room for funding: Fitch

MGM China Holdings says it’s raising $1.25 billion through a private placement of senior notes to help repay outstanding funds under its credit facility.

Hoiana center of Suncity expansion plans in Southeast Asia

A representative of SunCity Group says that its Hoiana IR project forms the center of the group’s expansion plans for Southeast Asia, according to...

Bright future seen for gaming growth

Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.

DICJ boss skips G2E Asia due to illegal gambling concerns

The head of the Gaming Inspection and Coordination Bureau, Paulo Martins Chan, who was scheduled to deliver a keynote speech at G2E Asia yesterday,...

India tax officials question fantasy sports GST best practice

India’s tax authorities are currently working out how to best tax online fantasy gaming businesses, after launching an inquiry into how GST is calculated,...