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Galaxy board Q4

Melco/Galaxy turn EBITDA positive, upbeat on recovery

The last two of Macau’s operators released Q4 results on Thursday, with both returning to profit at the EBITDA-level and expressing confidence in the market recovery.

Melco EBITDA positive in Q4, revenue down 64%

Melco Resorts & Entertainment said it had returned to positive EBITDA in Q4, although revenue was down 64 percent from the prior-year quarter.

Sihanoukville’s Jin Bei closed after Covid case

All three segments of the Jin Bei Hotel as well as the Horng Gon Chea Yi Hotel in Sihanoukville have been closed down after two Chinese women were diagnosed with Covid-19.

Cambodia, Macau seen as leading casino recovery: Colliers

Cambodia and Macau are expected to lead the recovery in Asia-Pacific gaming this year, trailed by Singapore and the Philippines, according to a report from Colliers International. Cambodia's gross gambling revenue may hit 60 percent of its pre-Covid base.

Okura Holdings posts 84% drop in H2 profit

Pachinko operator Okura Holdings said Profit for the period attributable to shareholders of the in the six months to end December decreased to 23 million yen, compared with 224 million yen the year earlier.

Success Universes warns of 2020 loss due to Ponte 16 impact

Success Universe said it expects to post a 2020 loss of between HK$130 million to HK$150 million  compared with a profit of approximately HK$74.2 million for 2019, in part due to losses at its Ponte 16 property in Macau.

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.
Life After Pogos

Life After POGOs – AGB Dossier

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.

Australian market report: How to adapt to the new normal

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...
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

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.
news, macau, gambling

Asia Gaming Briefings – Nov 2020 Edition

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.