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Kingston Financial sees 13% drop in 2020 revenue
Kingston Financial, which operates casinos in Macau under SJM Holding’s license, reported a 13 percent decline in revenue for the year ending March 31, with income from its gaming division declining.
PAGCOR profits nearly halved in 20Q1
Philippines gaming regulator PAGCOR saw its net income fall 49.9 percent to P777.4 billion (US$15.4 billion) in the first quarter of 2020, with gaming...
Landing seeks HK$137.1m for Jeju ops, says 2019 loss widens
Landing International Development posted a wider loss for 2019 and said it’s seeking to raise $137.1 million ($17.6 million) through a placing of shares to support general working capital for its operations on Jeju Island, South Korea.
Success Universe expects to report 2019 profit gain
Success Universe, an investor in Macau’s Ponte 16, said it expects to report a gain of about 30-40 percent in 2019 profit, compared with the HK$54.2 million ($6.98 million) it reported the prior year.
SkyCity sees $55m hit to EBITDA vs guidance for 2020
SkyCity Entertainment says it expects its EBITDA for the year to end June to be about $55 million lower than its previous expectations, assuming its properties remain open.
PAGCOR donates PHP500m more for Covid-19 response
The Philippine Amusement and Gaming Corp. (PAGCOR) said it has allocated a further PHP500 million ($9.7 million) to government efforts to help combat the Covid-19 outbreak in the country.
Casino closures begin in U.S.
Multiple casinos across the U.S. have announced they are temporarily closing due to the coronavirus, with properties in Massachusetts, Indiana, Ohio, Illinois and Pennsylvania all shuttering their operations.
Belle Corp profit down 9 percent on lottery and keno suspension
Philippines gaming investor Belle Corp posted a 9 percent decline in net income in 2019, reaching P2.9 billion, driven mainly by a decline in...
Slow but steady progress
Vietnam’s gambling industry stayed largely out of the headlines in 2019, though projects have been inching their way forward, with the country’s largest resort to date scheduled to open in the first half of this year.
VIP gaming revenue down 23.1% in 19Q4: DICJ
VIP gaming revenue’s share of Macau gross gaming revenue decreased year-on-year in the fourth quarter of 2019, according to data released by the Gaming...
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 – 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.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Attracting players, not fraudsters
With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
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.
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.
Asia Gaming Briefings – Oct 2020 Edition
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.