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Okada Manila April GGR gains 26 percent

Tiger Resorts & Leisure, the company that operates Okada Manila, said the integrated resort generated a 26 percent gain in gross gaming revenue in April.

Bloomberry sees net profit shrink 40 percent in 19Q1

Bloomberry Resorts, the operator of the Solaire Resort & Casino saw its consolidated net income plunge by 40 percent in the first quarter of...

Melco Q1 revenue gains 4 percent on Macau mass market

Melco Resorts & Entertainment posted a 4 percent gain in Q1 revenue, driven mostly by mass market table games in Macau, though the operator posted flat revenue from its operations in Manila and said it had turned cautious on the market due to increased competition.

Training ground – how casinos are promoting from within

For operators in Asia, it has become easier to promote from within, rather than look further afield.

PAGCOR Q1 profit up 9.5 percent

Philippine Amusement and Gaming Corp (PAGCOR) saw its profit climb 9.5 percent to P1.6 billion (US$30 million) during the first quarter of 2019, mainly...

PAGCOR loses appeal on Waterfront license

The Court of Appeals has denied an appeal by the Philippine Amusement and Gaming Corp to reverse a decision calling on the regulator to issue a license to Waterfront Philippines for a casino, local media reports.

Okada Manila reports $55.5 million operating loss in 2018

Universal Entertainment Corp’s flagship integrated resort business, Okada Manila, reported a narrowed operating loss of JPY6.2 billion (US$55.5 million) in 2018, helped by higher...

PH govt mapping new rules to address illegal foreign workers

The Philippines is finalizing new rules that will be able to weed out illegal foreign workers and ease concerns over tax evasion and loss...

Govt dismisses perjury complaint against Okada executive

Government prosecutors have dismissed a perjury complaint against an executive of Okada Manila relating to a $7 million deal for the purchase of lighting...

Melco implements equity restructuring to eliminate deficit

Melco Resorts and Entertainment Philippines on Thursday announced it will be implementing an equity restructuring by reducing the number of shares to increase its...

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Note offer still allows MGM room for funding: Fitch

MGM China Holdings says it’s raising $1.25 billion through a private placement of senior notes to help repay outstanding funds under its credit facility.

Hoiana center of Suncity expansion plans in Southeast Asia

A representative of SunCity Group says that its Hoiana IR project forms the center of the group’s expansion plans for Southeast Asia, according to...

Bright future seen for gaming growth

Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.

DICJ boss skips G2E Asia due to illegal gambling concerns

The head of the Gaming Inspection and Coordination Bureau, Paulo Martins Chan, who was scheduled to deliver a keynote speech at G2E Asia yesterday,...

India tax officials question fantasy sports GST best practice

India’s tax authorities are currently working out how to best tax online fantasy gaming businesses, after launching an inquiry into how GST is calculated,...