Tuesday, July 23, 2019

Okada Manila gaming revenues up 26 pct in June

Okada Manila saw a 26 percent increase in gross gaming revenue for the month of June, reaching P3 billion (US$58.9 million).  The increase was driven...

South Shore flags widened loss for the year on impairment

South Shore Holdings, operator of luxury hotel The 13 says it expects to make an impairment of HK$4.7 billion for the year ended March...

Delta Corp revenue flattish in 19Q2

Delta Corp saw a slight increase in profit in the second quarter of 2019, increasing 2.6 percent year-on-year to Rs 42.5 crore (US$6.2 million). This...

July GGR estimated to reach 2-4 percent growth: Bernstein

An easing of year-on-year comparisons will see July GGR grow between 2-4 percent year-on-year, say analysts from Bernstein.  According to channel checks from the brokerage,...

Casino tax hike not as bad as expected, say analysts

Shares in Genting Bhd and Genting Malaysia rebounded sharply upwards following the release of their 2019 first-quarter earnings, showing the impact of the casino...

Paradise casino revenue up 19 pct in 19H1

Casino operator Paradise Co said it saw its casino revenue increased 19 percent year-on-year in the first half of 2019, compared to the prior-year...

Macau June GGR increases 5.9 percent year-on-year

Macau gross gaming revenue increased 5.9 percent year-on-year in June, reaching MOP23.8 billion (US$2.9 billion), according to data from the Gaming Inspection and Coordination...

Amax posts significantly widened loss in FY19

Amax International Holdings posted a significantly widened loss of HK$418.3 million for the financial year ended March 31, 2019. The loss was an increase from...

Bernstein lowers June GGR estimates on low VIP hold

Analysts from Bernstein have lowered their June GGR estimates for Macau, due mainly to low VIP hold month to date. According to the brokerage’s...

Travellers optimistic of continuing double-digit growth

Travellers International Hotel Group president Kingson Sian is confident that the group will continue tracking double-digit growth after a strong first quarter, local media...

TRENDING ARTICLES

Meg-Star opens VIP poker room at Macau Roosevelt

Meg-Star has launched its watch-themed Poker VIP Club at the Macau Roosevelt, named “Poker Time”. The VIP poker room is said to be the...

New Zealand updates national strategy to tackle gambling harm

The New Zealand government has promised NZ$60 million (US$40.4 million) in funding over the next three years aimed at tackling problem gambling, particularly in...

Melco, MGM announce anniversary bonuses

MGM China and Melco Resorts and Entertainment said they will pay a bonus equivalent to one month’s salary to celebrate the 70th anniversary of the founding of The People’s Republic of China and the 20th anniversary of the establishment of Macau as a Special Administrative Region.

70 percent of suspicious transactions came from casinos

A little over 70 percent of all suspicious transactions in 19H1 took place inside of gaming venues, according to data from the Macau Financial...

Cambodia casino growth a threat to Genting Malaysia

Cambodia’s growing casino and tourism industry could pose a challenge to Genting’s Malaysia operations, according to a note from JP Morgan analysts.  In a recent...