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.
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.