Monday, March 1, 2021

Galaxy Entertainment posts Q4 adjusted EBITDA profit

Galaxy Entertainment posted adjusted EBITDA of HK$1 billion for Q4, an increase of 207 percent from its loss in the prior quarter. Revenue surged 229 percent quarter-on-quarter.

Ainsworth interim revenue drops 33%, loss widens

Ainsworth Game Technology has posted a 32.8 percent drop in revenue in the six months to December and its loss widened to AS$50 million, mainly due to an impairment charge on its Latin American business. 

RWM COO showcases 2.0 expansion in video

Resorts World Manila Chief Operating Officer Stephen Reilly has introduced the property's new Grand Wing, which has been under construction for five year in a near ten minute video. The production highlights the health and safety options, as well as the hotels, restaurants and swimming pool facilities.

APAC tourism to pick up in H2, but will remain low: Fitch

Fitch Ratings predicts a slow return in international tourism flows across the Asia Pacific to begin in 2H21, but arrivals will remain well below pre-pandemic levels and projections will depend on virus containment and effective vaccine distribution.

PAGCOR donates to hospital project, police, red cross

THE Philippine Amusement and Gaming Corporation (PAGCOR) has donated P123.6 million to the state-run Veterans Memorial Medical Center (VMMC) to bankroll a building project.
inspire korea

Incheon gaming zone development faces delays

The planned gaming and entertainment zone in Incheon, South Korea, is facing delays on almost all fronts, mainly, but not entirely, due to the coronavirus pandemic.

Questions raised about Vietnamese casino stock prices

Commentators in the Vietnamese media have been raising questions about why some casino stocks are seeing massive increases in their stock values while they continue to report financial losses each quarter.

Local group accuses Lotte Tour of manipulating Jeju opinion poll

A local group opposing the opening of the Jeju Dream Tower casino opened a new front in its attacks on Lotte Tour Development by accusing it of manipulating opinion polls that showed a favorable public response to the project.

Germany may provide financial support to Genting Hong Kong

Talks are getting underway between MV Werften and its owners Genting Hong Kong with the German federal and state government for the release of additional rescue funds to maintain work at the financially troubled shipyard group.

Richard Smyth becomes SkyCity Acting CFO

SkyCity Entertainment has announced that Richard Smyth, currently Deputy Chief Financial Officer, will become Acting Chief Financial Officer from February 27 to April 19.

TRENDING ARTICLES

Singapore tourism arrivals drop 85.7% in 2020

The Singapore Tourism Board said visitor arrivals dropped 85.7 percent to 2.7 million in 2020, but that the sector has emerged as more resilient after taking steps to reshape its tourism offerings.
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.