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Q2

Galaxy sees further Covid headwinds, but committed to expansion plans

Galaxy Entertainment said it expects further headwinds from the Covid-19 pandemic after reporting a Q2 loss, but said it remains committed to its expansion plans and its pursuit of a license in Japan. 
Galaxy Macau

Galaxy Q2 results top forecasts on higher hold

Galaxy Entertainment posted flat adjusted EBITDA for Q2 and lower revenue, but the results topped analysts’ forecasts helped by higher hold.
Genting Singapore

Genting Singapore Q2 misses expectations

Genting Singapore’s Q2 net profit fell by 5 percent, missing analysts’ expectations, dragged down by a poor performance in the mass market and higher bad debt levels. 

GKL posts 38.1 percent jump in 16Q2 profit

Casino operator Grand Korea Leisure Co Ltd (GKL) reported a 38.1 percent year-on-year increase in net income to KRW25.6 billion (US$23.1 million) in 16Q2. According...

Caesars Entertainment posts 16Q2 loss

Caesars Entertainment Corp. (CEC) reported a widened net loss of US$2.0 billion for the second quarter of 2016, compared to a net loss of...

Wynn Resorts results above expectations

Casino operator Wynn Resorts has reported results above analyst expectations, attributed mainly to an increase from Macau operations. According to its financial statement, more than...

Sands China results weaker than expected, Parisian opening Sep. 13

Sands China saw modestly weaker than expected results in 16Q2, but saw positive growth in its mass / premium segments, say analysts. In the second...

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Macau Casino Dealer

Coronavirus live updates: Macau gaming workers to face more Covid-19 tests

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

Covid survey bodes ill for Golden Week

A Bank of America survey held in August found that only 47 percent of Mainland Chinese travellers who want to visit Macau would be willing to take a Covid-19 test, casting doubt on visitation for the upcoming Golden Week holiday. 
Andhra Pradesh considers legalization of offshore casinos

Andhra Pradesh considers legalization of offshore casinos

The state government of Andhra Pradesh, which last month moved to ban all online gambling, is now said to be considering the legalization of...

China racing gets government backing

Racing in China has received government backing following the unveiling of a five-year blueprint for the country’s equine sector in which the promotion of the sport and a related lottery form a key part of the strategy.
asia gaming briefings OCT 20

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.
asia gaming briefings Sep 20

Asia Gaming Briefings – Sep 2020 Edition

IN FOCUS: SPORTS BETTING Ball games bounce back. Major sporting events are slowly ramping up around the world and with them the drama and surprises, not all of them good for sports betting operators.
Asia Gaming Briefings AUG 2020

Asia Gaming Briefings – Aug 2020 Edition

IN FOCUS: AUSTRALIA Reopening pubs, online rethink and reflections on gambling behaviour The country tackled the first wave of the epidemic with relative success, however,...