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Kingston Financial Group issues profit warning
The Kingston Financial Group, which operates a couple of smaller casinos in Macau, has issued a profit warning, noting that it anticipates a significant decrease of profits of approximately 65 percent for the April-September period.
Digital growth allows Lotto NZ to beat profit projections
The New Zealand Lottery Commission (Lotto NZ) was able to surpass expectations and post a profit during its 2019-20 fiscal year, with a strong digital performance offsetting the impact of Covid-19 on retail sales.
Emperor Entertainment issues profit warning
Emperor Entertainment Hotel Ltd. has issued a profit warning for the six-month period ending September 30, noting that the firm expects a consolidated net loss attributable to owners of the Company of not more than HK$160 million (US$21 million).
SkyCity raises FY20 earnings guidance
SkyCity Entertainment has raised its guidance for earnings for the 2020 fiscal year due to higher estimates from insurance proceeds for fire damage at the New Zealand International Convention Centre last year.
Okura Holdings expects profit to fall
Okura Holdings said it expects to record a decrease in profit of 83 percent for the eleven months ended 31 May 2020, mainly attributed...
IGT reduces 2020 profit outlook after tough Q1
International Game Technology (IGT) said its first-quarter results were affected by Covid-19 related lockdowns beginning in March, and have subsequently reduced its 2020 profit...
Bloomberry Q1 net drops 38%, sees slow recovery
Bloomberry Resorts said its Q1 net income fell 38 percent due to the impact of the coronavirus and it expects a slow recovery.
Genting SG pessimistic over the remainder of 2020
Genting Singapore said it remains pessimistic on its outlook for the remaining year, with its flagship property Resorts World Sentosa being “severely affected” and...
Transact Q1 results down, expects slow recovery of casino market
Transact Technologies reported a widened loss of $1 million for the first quarter ending 31 March 2020, with net sales down 11 percent year-on-year.
Adjusted...
Wynn Macau swings to loss in 20Q1
Hong Kong-listed Wynn Macau saw its operating revenues decrease 62.9 percent in the first quarter of 2020, due to the impact of the coronavirus,...
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.