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Vietnam casinos reporting financial losses
A number of prominent casinos in Vietnam have been reporting financial losses, according to the local media.
RGB sees slow recovery, posts narrower Q3 loss
RGB International, a Malaysian gambling supplier, said it sees a slow recovery for gaming in Asia, but remains cautious for the rest of the year. The company posted a loss of MYR12.4 million in Q3, narrowing from MYR14.4 million the prior quarter.
Kingston Financial reports Macau gaming operations swing to loss
Kingston Financial posted HK$13.5 million loss from its Macau gaming business in the six months to end-September, down 106 percent from the prior-year period. The group also announced it is extending its casino service contract with SJM Holdings for a further two years to June 2022.
Century Entertainment record six-month loss of US$800,000
Century Entertainment International Holdings has reported to the Hong Kong Stock Exchange its financial results for the April-September 2020 period. In this six-month stretch, the firm had losses of approximately HK$6.2 million (US$800,000).
Ainsworth stock tumbles on projected H1 loss
Shares in Ainsworth Game Technology fell 8.5 percent in Australian trading on Thursday after the company told investors that it expected to post a loss of about $15 million in the first half of the fiscal year, due to continuing difficult trading conditions.
Grand Korea Leisure expects US$4.6 million loss from Seoul casino closures
Grand Korea Leisure released a business update indicating that the two-week closure of its two casinos in the Seoul metropolitan area, the Gangnam and Hilton casinos, will result in an estimated loss of sales in the range of KRW5.1 billion (US$4.6 million).
500 com reports US$7.4 million loss for Q3
Troubled online sports lottery operator 500 com reported a US$7.4 million loss in the July to September quarter, based on net revenues of only US$900,000.
APE nine-month revenue drops 26.8%
Asia Pioneer Entertainment said its revenue in the nine months to end September fell 26.8 percent to HK$39.1 million and it posted a loss for the period of $23.5 million compared with a loss of $2.7 million a year earlier.
Galaxy Q3 loss narrows from Q2 on cost cuts
Galaxy Entertainment posted a $943 million ($121.6 million) adjusted EBITDA loss in Q3, narrowing from a loss of $1.37 billion in the prior quarter, helped by cost cutting. Revenue fell 88 percent year-on-year.
Sega Sammy sales down by a third in July-September period
Sega Sammy Holdings has reported that its overall sales fell by 33.4 percent year-on-year to JPY110.2 billion (US$1.1 billion). The group posted an operating loss of JPY3.1 billion for the quarter.
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.