Tuesday, February 25, 2020

SG reports continuing net loss for 2019

Scientific Games released its financial results for the full year period showing a net loss of US$118 million on somewhat higher total revenues. Overall,...

Universal Entertainment net sales up 34 percent in 2019

Universal Entertainment posted net sales of almost JPY125 billion (about US$1.1 billion), an increase of 34 percent year on year, and an operating profit...

SkyCity cuts forecasts as fire, Coronavirus hit

SkyCity Entertainment, New Zealand’s only listed gaming company, has cut forecasts for the year and says the near-term outlook is gloomy, as it grapples...

MGM China revenue up 19% in 2019, driven by non-VIP

MGM China Holdings Limited on Wednesday announced its 2019 financial results, with revenue up 19 percent year-on-year, driven by non-VIP gaming.  Said revenue reached HK$22.8...
Skycity

SkyCity half-year results impacted by fire, carpark sale

The half-year profit for New Zealand’s listed casino and hotel operator SkyCity Entertainment has dropped nearly fifteen percent on lower revenue and the impact...

Okada Manila GGR declines in January on VIP woes

Universal Entertainment reported lower GGR at the Okada Manila sparked by a decline in the VIP segment. The January GGR of PHP3.83 billion (about US$76.6...

Genting Singapore “pessimistic” as it reports 9 percent decline in 2019 profits

Genting Singapore declared itself “pessimistic” about the coming months under business impact of the Covid-19 outbreak in China, as it announced full year financial...

GKL profit down 6.9 percent in 2019

South Korean casino operator Grand Korea Leisure saw its profit fell 6.9 percent to KRW72.4 billion (US$61.2 million) in 2019. In a regulatory filing, the...

Kangwon Land reports 12.7 percent gain in profitability for 2019

Kangwon Land, the casino and resort company based in Gangwon Province that uniquely allows locals to gamble, reported a full-year profit in 2019 up...

NagaCorp GGR up 20 percent in final quarter of 2019

NagaCorp has announced strong financial results across the board for the final three months of 2019, seeing GGR up 20 percent to US$1.7 billion. Moreover,...

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Macau government orders two-week closure of all casinos

Chief Executive Ho Iat Seng has announced that all 41 of the territory’s casinos must be shut for a period of at least two...

MGM only accepted bidder for Osaka IR

The Osaka Prefectural Government released a press statement on Friday regarding the screening of candidates for the Osaka Yumeshima IR. Only one candidate made...

Coronavirus live updates: Almost a third of Macau casinos to remain closed

The latest news and updates on the COVID-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

SunCity grants employees special leave during casino closure

Macau junket operator SunCity Group is granting its employees special paid leave during the 15-day closure of casinos in Macau, local media reports. SunCity CEO...

Seven Macau hotels have suspended operations

A total of seven hotels in Macau are known to have suspended operations as a result of sharply lower visitation and countermeasures against the...