Monday, March 1, 2021
Aristocrat HQ

Aristocrat mulls M&A to expand in digital

Aristocrat Entertainment CEO Trevor Croker said the company plans to “significantly escalate” its focus on convergence products and services, which may involve mergers and acquisitions.

Aristocrat to “significantly escalate” focus on convergence products

Aristocrat Entertainment CEO Trevor Croker says the company plans to "significantly escalate" its focus on convergence products and has a strong enough balance sheet to support mergers and acquisitions in the sector. 

Genting Malaysia posts positive 2020 EBITDA, despite revenue plunge

Genting Malaysia reported positive adjusted EBITDA of RM350.3 million for 2020 despite seeing a 56 percent drop in revenue due to the Covid-19 pandemic. 

Caesars Korea project sold for “barbecue pork,” CEO says

Caesars' Entertainment CEO Tom Reeg responded to an analysts' question on the sale of its Korea venture by saying: "Korea has gone, we sold it for some barbecue pork. We sold it back to our partners and have no more commitment. We're out."

Caesars Q4 loss widens to US$555 million, sees pick up in Q1 demand

Caesars Entertainment posted a loss for Q4 of $555 million compared with a $13 million profit in the prior year, but said it has seen a pick up in demand in the New Year, especially at its regional properties.

Donaco H1 EBITDA positive after late year improvement

Donaco International, the operators of casinos in Cambodia and Vietnam, said it had positive EBITDA of A$0.2 million in the first half of the fiscal year after the final three quarters of the year generated $2.7million. Revenue declined to $6.3 million from $40.9 million.

International Entertainment hires advisors to ensure casino compliance

International Entertainment said it has hired various advisers to provide a legal opinion on the operation of casinos and gaming activities and to review the company's internal control policies in order to comply with a guidance letter from the Hong Kong Stock Exchange.

Russia mulls law to allow problem gamblers to self-exclude

A draft law has been prepared by the Ministry of Finance of the Russian Federation that would create a system of self-exclusion from casinos for problem gamblers.

Residents lose legal case to prevent Yokohama IR construction

A Yokohama court dismissed an effort by anti-casino local residents to argue that the city government could not make use of the land at Yamashita Pier for IR construction.

IPI won’t contest CNMI casino license suspension

Imperial Pacific International does not oppose having the Commonwealth Casino Commission suspend its casino gaming license, admitting its failure to pay the US$40 million Community Benefit Fund contribution in 2018 and 2019, and failing to pay the US$15.5 million annual casino license fee, as required by the Casino License Agreement. Meanwhile, it has been acknowledged that Ray N. Yumul is not yet legally recognized as IPI CEO in Saipan.

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Jumbo Interactive sees revenues up 9% in latter half of 2020

Jumbo Interactive, the Australian lottery firm, delivered revenue of A$40.9 million (US$32.2 million), up 9.0 percent, with underlying EBITDA up 3.7 percent to A$24.1 million.
Aristocrat HQ

Aristocrat mulls M&A to expand in digital

Aristocrat Entertainment CEO Trevor Croker said the company plans to “significantly escalate” its focus on convergence products and services, which may involve mergers and acquisitions.

Aristocrat to “significantly escalate” focus on convergence products

Aristocrat Entertainment CEO Trevor Croker says the company plans to "significantly escalate" its focus on convergence products and has a strong enough balance sheet to support mergers and acquisitions in the sector. 

Genting Malaysia posts positive 2020 EBITDA, despite revenue plunge

Genting Malaysia reported positive adjusted EBITDA of RM350.3 million for 2020 despite seeing a 56 percent drop in revenue due to the Covid-19 pandemic.