Tuesday, September 17, 2019

Gaming tax revenue up 1.5% in the first 8 months of 2019

The Macau government raked in MOP76.4 billion (US$9.4 billion) in gaming taxes in the first eight months of 2019, representing an increase of 1.5...

Okada Manila August revenue up on VIP growth

Universal Entertainment announced that Okada Manila saw a rise in gross gaming revenue in August 2019, driven by a boost in its VIP business.  VIP...

Wynn Macau Q3 to be impacted by trade dispute, protests

Wynn Resorts says it expects its Macau results in the third quarter of 2019 to be impacted by the ongoing US-China trade war and...

Betting, casino tax revenue down 0.9%

The Inland Revenue Authority of Singapore (IRAS) collected $52.4 billion in tax revenue in the 2019 fiscal year, up 4.4 percent from the prior...

Genting HK narrows H1 loss, but revenue falls slightly

Genting Hong Kong narrowed its 19H1 consolidated net loss by 60 percent to US$56.5 million, though revenue fell slightly in the half-year period.  The narrowed...

Melco H1 net revenue up 12.9%, profit down slightly

Melco International Development Limited said it was able to achieve stable operating and financial results in the first half of 2019 despite “ongoing challenges...

Macau GGR falls 8.6% in August

Macau August GGR missed expectations, falling 8.6 percent year-on-year to MOP24.3 billion, according to data from the Gaming Inspection and Coordination Bureau.  Analysts earlier said...

Genting Malaysia posts Q2 profit

Analysts were pleasantly surprised by Genting Malaysia’s solid 19Q2 earnings but said the recent acquisition of Empire Resorts will weigh on long-term earnings.  The casino...

Junkets don’t want to come here: Brown

Significantly reduced VIP gaming revenue caused Imperial Pacific International to swing to a loss of HK$1.9 billion (US$239.6 million) in the first six months...

Donaco net loss widens in FY19 on management shakeup

Casino operator Donaco International saw its annual loss widen to $194 million for the financial year ended June 30, 2019. Donaco said the net loss...

TRENDING ARTICLES

Yamashita

Yokohama opts to enter the IR race

The municipal government told reporters on Monday that Yokohama’s long period of indecision had ended and that Mayor Fumiko Hayashi would announce later in the week that her city would seek to host a major urban IR at the 47-hectare Yamashita Pier location.

Mars-X now available across the Asia-Pacific region

Casino players can “Xperience the Difference” through the latest dual-screen gaming sensation from Aristocrat.  The company’s new innovation, MarsX gives operators an entirely new way...

Caesars drops out of Japan IR race

Caesars Entertainment Corp has pulled out of the race for a Japanese casino license and will focus instead on its current plans and commitments,...

LVS secures new loan facility for MBS expansion

Casino operator Las Vegas Sands Corp on Wednesday announced it has secured a new delayed draw term loan facility in aggregate principal amount of...

Asian affiliate acquisitions hot up

The recent moves in the Asian affiliate space, including high-profile acquisitions and talk from some of the larger listed affiliates of entering new markets in Asia, might have observers believing the region is like any other, at least as far as affiliates go.