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Aristocrat mulls M&A to expand in digital
Aristocrat Entertainment CEO Trevor Croker said the company plans to “significantly escalate” its focus on convergence products and services, which may involve mergers and acquisitions.
Aristocrat to “significantly escalate” focus on convergence products
Aristocrat Entertainment CEO Trevor Croker says the company plans to "significantly escalate" its focus on convergence products and has a strong enough balance sheet to support mergers and acquisitions in the sector.
Genting Malaysia posts positive 2020 EBITDA, despite revenue plunge
Genting Malaysia reported positive adjusted EBITDA of RM350.3 million for 2020 despite seeing a 56 percent drop in revenue due to the Covid-19 pandemic.
Caesars Korea project sold for “barbecue pork,” CEO says
Caesars' Entertainment CEO Tom Reeg responded to an analysts' question on the sale of its Korea venture by saying: "Korea has gone, we sold it for some barbecue pork. We sold it back to our partners and have no more commitment. We're out."
Caesars Q4 loss widens to $555m, sees pick up in Q1 demand
Caesars Entertainment posted a loss for Q4 of $555 million compared with a $13 million profit in the prior year, but said it has seen a pick up in demand in the New Year, especially at its regional properties.
Donaco H1 EBITDA positive after late year improvement
Donaco International, the operators of casinos in Cambodia and Vietnam, said it had positive EBITDA of A$0.2 million in the first half of the fiscal year after the final three quarters of the year generated $2.7million. Revenue declined to $6.3 million from $40.9 million.
Int. Entertainment hires advisors to ensure casino compliance
International Entertainment said it has hired various advisers to provide a legal opinion on the operation of casinos and gaming activities and to review the company's internal control policies in order to comply with a guidance letter from the Hong Kong Stock Exchange.
Interview with Jennifer Song: Optimism after Chinese New Year [video]
Jennifer Song, equity analyst with Morningstar, speaks with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a key catalyst for growth.
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.
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.
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.
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.