Monday, March 1, 2021

Canberra Labor Club pokie revenues down 28%

Poker machine revenue at the Canberra Labor Club fell by more than 28 percent year-on-year to A$17.4 million (US$13.7 million).

Lawrence Ho still sees Japan as “best potential new gaming market”

Melco Resorts Chairman and CEO Lawrence Ho told a conference call that he still sees Japan as “the best potential new gaming market globally.”
Jennifer Song

Interview with Jennifer Song: Optimism after Chinese New Year [video]

Jennifer Song, equity analyst with Morningstar, speaks with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a key catalyst for growth.
gaming recovery

Macau, Cambodia to lead gaming recovery: Colliers

Macau GGR recovery will be driven by premium mass, whilst Cambodia’s gaming recovery will be driven by the VIP segment, according to analysts at Colliers International. 
Galaxy board Q4

Melco/Galaxy turn EBITDA positive, upbeat on recovery

The last two of Macau’s operators released Q4 results on Thursday, with both returning to profit at the EBITDA-level and expressing confidence in the market recovery.

Melco EBITDA positive in Q4, revenue down 64%

Melco Resorts & Entertainment said it had returned to positive EBITDA in Q4, although revenue was down 64 percent from the prior-year quarter.

Sihanoukville’s Jin Bei closed after Covid case

All three segments of the Jin Bei Hotel as well as the Horng Gon Chea Yi Hotel in Sihanoukville have been closed down after two Chinese women were diagnosed with Covid-19.

Cambodia, Macau seen as leading casino recovery: Colliers

Cambodia and Macau are expected to lead the recovery in Asia-Pacific gaming this year, trailed by Singapore and the Philippines, according to a report from Colliers International. Cambodia's gross gambling revenue may hit 60 percent of its pre-Covid base.

Okura Holdings posts 84% drop in H2 profit

Pachinko operator Okura Holdings said Profit for the period attributable to shareholders of the in the six months to end December decreased to 23 million yen, compared with 224 million yen the year earlier.

Success Universes warns of 2020 loss due to Ponte 16 impact

Success Universe said it expects to post a 2020 loss of between HK$130 million to HK$150 million  compared with a profit of approximately HK$74.2 million for 2019, in part due to losses at its Ponte 16 property in Macau.

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Haruki Satomi assumes post of Sega Sammy group CEO

Haruki Satomi is the new group CEO of Sega Sammy Holdings, taking over from his father, Sammy Corporation founder Hajime Satomi. The former CEO will continue at Sega Sammy as chairman and representative director.
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.