Sunday, January 26, 2020

Landing reshuffles board and moves its head office

In a series of filings to the Hong Kong Stock Exchange on Wednesday, Landing International announced changes in the composition of its board and...

Sands China declares HK$0.99 interim dividend

Hong Kong-listed Sands China has declared an interim dividend of HK$0.99 per share payable to shareholders of the company. According to a filing from the...

VIP gaming revenue down 23.1% in 19Q4: DICJ

VIP gaming revenue’s share of Macau gross gaming revenue decreased year-on-year in the fourth quarter of 2019, according to data released by the Gaming...

MGM property sales to assist in Japan IR efforts

U.S. casino operator MGM Resorts International says that the $2.5 billion sale of MGM Grand Hotel will be used to secure capital, in order to...

Okada Manila revenue soars 76 percent year-on-year in December

Universal Entertainment has announced that its Okada Manila resort took in nearly P5 billion (US$100 million) in revenues in December 2019, which was a...

Delta Corp posts stagnant results in Q3

Indian casino operator Delta Corp reported stagnant results in the quarter ending December 31 with almost INR2.1 billion (about US$29.4 million) in net income from operations, a figure that was virtually identical to the previous year.

Macau VIP results down 35% in 19Q4: MS

Analysts at Morgan Stanley estimate Macau’s VIP revenues to have declined 35 percent year-on-year in 19Q4, while mass and slots grew around 6 percent...

Macau GGR set for 8% growth in 2020, driven by VIP rebound

Macau gross gaming revenue could grow as much as 8 percent year-on-year in 2020, driven by VIP recovery in 20H2, and continued strength in...

Visa constraints a key driver for Jan GGR

The loosening of visa constraints in Macau will be a key driver to January GGR results, according to analysts from Bernstein in a note...

Paradise Co revenue up 23.4 pct in 2019

South Korea casino operator Paradise Co saw its casino revenues increase 23.4 percent year-on-year in 2019, reaching KRW 784.8 billion (US$673.1 million).  The increase in...

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Melco bets on blockchain in innovation drive

Melco Resorts & Entertainment is increasingly bullish on the disruptive impact of blockchain technology on the casino floor, with projects already live and more in the pipeline.

PAGCOR, AMLC sign agreement for cooperation

The Philippines gaming regulator has signed a deal with the country’s anti-money laundering watchdog to tighten their cooperation in the fight against money laundering,...

Cambodia airlines to suffers from low Chinese inflow

Despite a rising number of passenger arrivals to Cambodia’s international airports, along with new flight routes and destinations, the country’s airline sector appears to...

Macau’s CSR drive – with one eye on Beijing?

Macau’s operators have stepped up their corporate social responsibility (CSR) efforts in recent years, in particular when it comes to China cultural cooperation, which may help their case when it comes to concession renewal.

Chinese New Year celebrations cancelled over Wuhan coronavirus

Gaming analysts are scrambling to estimate the economic impact as the Wuhan coronavirus crisis escalates and all public celebrations of Chinese New Years (CNY)...