Wednesday, August 15, 2018

AGTech swings to profit on non-cash and non-operating items

China lottery supplier AGTech Holdings swung to a profit of approximately HK$157.3 million  (US$20 million) for the six months ended June 30, 2018. AGTech...

Universal to take Tiger Resorts public in 2019, reports 18H1 results

Universal Entertainment Group says it is planning to take Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the company behind Okada Manila, public in 2019....

S. Korea casino operators report mixed results

Paradise Co. reported a narrowing of its net loss in the second quarter of 2018, due mainly to an increase in its casino revenue,...

Crown Resorts VIP business jumps 54.4 percent

Crown Resorts reported an almost 13 percent increase in normalized profit after tax for the year ending June 30th, fuelled by a 54.4 percent surge in VIP program play turnover.

Mohegan Gaming third quarter results in line with prior period

Mohegan Gaming & Entertainment saw its third-quarter results falling generally in-line with the prior-year period, according to a filing from the operator on Wednesday....

Paddy Power Betfair profits up 4 pct in 18H1

Online wagering operator Paddy Power Betfair saw a 4 percent increase in profits in 18H1, reaching GBP 106 million (US$136.5 million), according to an...

Tabcorp swings to FY17 net profit

Australian wagering giant Tabcorp swung to a net profit of A$28.7 million (US$21.3 million) in FY17, helped by growth in its wagering and lottery...

SkyCity international business rebounds, drives record FY17 results

SKYCITY Entertainment Ltd, the NZX listed operator of six casinos and hotels in New Zealand and Australia delivered record results in FY17, as international...

Bloomberry reports record profit in 18H1

Bloomberry Resorts, the owner of the Solaire Resort and Casino in Manila, reported record net profit in 18H1. Consolidated net profit reached P5.3 billion, the...

Galaxy H1 results driven by strong mass, VIP and operations

Galaxy Entertainment Group (GEG) delivered record performance in the first half of 2018, driven by strong mass, VIP and operational execution, although the results...

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Broken Tooth to bring chess and poker tournaments to China

Former triad leader Wan Kuok-koi, known also as Broken Tooth, has partnered with an unnamed Beijing firm to bring chess and poker tournaments to...

Construction activity could be related to gaming license play

A recent uptick in construction activity from gaming-related companies could be a play for a 7th or 8th gaming license, said Union Gaming in...

FEC to employ “Asian Wallet Strategy” in Europe

Hong Kong-listed Far East Consortium says it expects its casino gaming business to drive higher profitability in the long-term, according to comments made in...

Pagcor H1 gaming revenue up 18.1 percent

The Philippine Gaming and Amusement Corp. reported an 18.3 percent increase in gross revenue from gaming operations in the first half of 2018, beating its target by 9.7 percent.

Yokohama draws over 51 million tourists in 2017

Yokohama city, which is now mulling the possibility of an IR bid, drew over 51.4 million domestic and foreign tourists in 2017, according to...