Paradise Entertainment, of provider of electronic gaming equipment, said it expects to swing to a profit for the first half of this year, powered mainly by strong sales of equipment and systems.
In the same period of 2017, the Hong Kong-listed company posted a HK$35 million ($4.4 million) loss.
Paradise said the improvement was due to a 10 percent gain in revenue from casino management services and a surge of 160 percent in gaming machine sales.
The company is expected to release its official interim results in August.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
Japanese Prime Minister Yoshihide Suga oversaw a central government meeting on Friday which confirmed the outlines and the timeline of the nation’s IR development policy. He promised that it would be carried out with “fairness and transparency.”
Sociedade de Jogos de Macau, S.A. says its eligible employees will receive Living Subsidies equivalent to 2 months or 1.5 months of salary. The Living Subsidies will be made in two equal payments in January and July respectively, with the first payment to be made on 6 January 2021.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
