Friday, December 14, 2018

Malaysia

Ramp up seen as theme parks draw in crowds

An increase in visitation is expected to drive gaming business at Resorts World Genting this year, although analysts say the two key attractions in...

Tourism Malaysia and Tencent to create digital ecosystem

Tourism Malaysia has teamed with China's Tencent Holdings to create a digital tourism ecosystem aimed at helping the Southeast Asian nation gain a greater...

Does Wynn sale open Macau door for Genting?

Steve Wynn’s announcement he is selling some, or all, of the 12 percent stake in the company he founded may open the door for...

Berjaya Sports Q3 revenue edges higher on car unit

Berjaya Sports Toto, a Malaysian lottery company and car sales dealer, said its Q3 revenue edged up 2.7 percent as higher sales at the...

Police destroy illegal gaming machines worth RM4.5 million

Over 3,197 gambling machines seized in raids over the last 3 years have been destroyed by Penang police, according to a report from Malay...

Genting Malaysia records fall in EBITDA, profit in 17Q4

Lower revenue from its US business weighed on Genting Malaysia’s 17Q4 results, with group-wide profit and EBITDA falling during the quarter, according to a...

Playtech stock drops after Malaysia warning

Shares in London-listed Playtech plunged in Thursday trading after the group warned that the ongoing crackdown on illegal gaming in Malaysia continues to affect...

Genting’s New York IR debuts, eyes Asian tourists

The $1.2 billion Resorts World Catskills opened its doors on February 8, expanding the Genting brand in the U.S., even though the Malaysian company missed out on a license for its own property in New York State. The project, which is the biggest of four new resorts in the upstate area, will be the first IR in the U.S. to carry the Genting name. The company has been pushing hard to penetrate the North American market, though with mixed results.

GENM to start seeing benefits from GITP expansion in 2018

With the GITP expansion plan expected to start bearing fruit this year, 2018 should be a strong year for Genting Malaysia Bhd, say analysts. Kenanga...

RGB expecting double digit net profit growth in FY17

Electronic gaming machine supplier RGB International Bhd says it is expecting its turnover to increase by RM50 million this year as a result of...

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DFNN reports increased revenue across all business segments

Philippines-listed DFNN saw increased revenue across all its businesses, with total consolidated revenue increasing 16 percent to P984.3 million in the first nine months...

GEA Summit gathers 2,500 visitors

The inaugural launch of the GEA Summit, touted as a “small-sized and lightweight buyer-seller meeting”, gathered around 2,500 guests from the industry, according to...

Donaco reports soft start to FY19

Weaker VIP win rate, online gaming business start up costs, and a Chinese crime syndicate have been blamed for Donaco’s “soft start” to the...

Solid releases pachinko game, Hawaiian Dream

Golden Hero - a brand exclusive to Solid Gaming - and JTG have teamed up to release Hawaiian Dream, an online version of the popular...

Donaco plans strategic review, debt restructuring

Australia-listed Donaco International said it’s conducting a strategic review of its businesses, including a potential restructuring of an almost $40 million debt to Mega Bank.