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Imperative for Empire to secure financing soon: Nomura
Empire Resorts must secure financing at attractive rates soon if it is to turn profitable and avoid the need for a further capital injection from Genting, Nomura said in a research note.
RGB losses at US$1.6 million in Q4 2020
Malaysia-based electronic games and services supplier RGB International has reported a fourth quarter loss of MYR6.4 million (US$1.6 million) based on total revenues of MYR52.2 million.
Paradise Co. company losses in 2020 reach US$97.8 million
Paradise Co. has reported its fourth quarter and full year financial results for the year 2020, recording full year net losses on its controlling interest of KRW109.8 billion (US$97.8 million).
Paradise Co Q3 loss narrows from prior quarter, op unit EBITDA positive
Paradise Co. said its quarterly loss narrowed to KRW31.9 billion won ($28.5 million) from the prior quarter when it posted a loss of KRW48.6 billion, while its Paradise operating unit turned EBITDA positive in the period.
Despite losses, LVS says recovery is well underway
Las Vegas Sands put a positive spin on the future outlook as it reported another quarter of heavy losses triggered by the Covid-19 pandemic.
POGOs given “ample opportunity” to settle dues, PAGCOR says
Philippine Offshore Gaming License Operators (POGOs) have been given ample opportunity to settle their obligations to the government, though some have chosen to close down because of the impact of Covid-19 on their business, the regulator said.
SkyCity revenues rise and profits fall in FY2020
The SkyCity Entertainment Group announced its full year results on Thursday morning for the July 2019 to June 2020 period, showing revenues rising but...
Success Universe posts US$17 million loss for H1
Success Universe Group, which operates Sofitel Macau At Ponte 16, has posted HK$132.2 million (US$17 million) in net losses in the first half of...
Suncity revenue down 70 percent in H1
Suncity Group Holdings has reported 2020 H1 results showing RMB93.7 million (US$14 million) in total revenues, a figure which is down 70 percent year-on-year.
The...
Summit Ascent loses US$6.1 million in H1
Summit Ascent Holdings has reported a HK$47 million (US$6.1 million) loss for the first half of 2020. The previous year, there had been a...
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.
Asia Gaming Briefings – April 2021 Edition
In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
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 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.