Aristocrat Entertainment says it has seen exceptional product performance and stronger-than-expected consumer sentiment in the U.S. and Australasian markets, triggering analysts at J.P. Morgan to upgrade their estimates for the group.
Australian casino operator Star Entertainment said its gross gambling revenue was up 37 percent year-on-year in the five months from January to May, highlighting the resilience of Australia’s domestic market.
Nagacorp said its mass market business continued to improve in Q1, gaining sequentially from the second half of last year and returning to about 99 percent of its Q1, 2020 levels before the pandemic took hold.
Pachinko operator Okura Holdings said Profit for the period attributable to shareholders of the in the six months to end December decreased to 23 million yen, compared with 224 million yen the year earlier.
Jumbo Interactive, the Australian lottery firm, delivered revenue of A$40.9 million (US$32.2 million), up 9.0 percent, with underlying EBITDA up 3.7 percent to A$24.1 million.
New Zealand casino operator SkyCity Entertainment Group saw mixed financial results for the six months ended December 31, 2020, with strong local gaming performance, but weaker tourism-related business over the half-year.
Tabcorp said its first half net profit after tax fell 7 percent to A$185 million, while revenue declined 1.5 percent, "primarily due to Covid-19 impacts."
Genting Singapore stock has been downgraded to "hold" at Maybank as it was unable to match rival Marina Bay Sands in growing its gross gambling revenue in the most recent quarter.
Ainsworth Game Technology has revealed that its preliminary unaudited results for the six months ending December 31, 2020, indicate a loss before taxes of approximately A$14 million (US$10.8 million).
Genting Singapore expects a lacklustre year in 2021 as visitation to Singapore is likely to remain restricted and does not see a significant improvement from the results achieved in H2, 2020, Bernstein Research noted.