Monday, October 26, 2020
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Police bust scam using practice bank notes

Macau’s Judiciary Police said two local men and two from Mainland China were arrested on Saturday in Macau and Zhuhai for using “practice” bank notes to buy casino chips, according to local news reports.

China online gaming crackdown hurting VIP: Reuters

China’s clampdown on online gaming to stop capital outflows is having a negative impact on liquidity in Macau’s VIP sector, Reuters reports.

Covid-19 delays Rich Goldman’s Manila venture

Junket promoter Rich Goldman said the Covid-19 pandemic has delayed the closure of a joint venture agreement that would allow it to provide VIP customers to Bloomberry Resorts’ Solaire Resort & Casino in Manila.

Leisure & Resorts World Q1 profit drops 19% on lockdown

Leisure & Resorts World Corp, which operates bingo parlours and online gaming in the Philippines, reported a drop of 18.9 percent in gross profit in the first quarter, due to Covid-19 mandated lockdowns.
imperial casino

Poor regulation undermines CNMI gaming industry

“As soon as we catch up on our cash flow, we will also catch up on payroll,” a spokesperson for the casino resort in the Commonwealth of the Northern Mariana Islands told reporters.

SJM reports 12.5% profit gain for 2019

SJM Holdings posted a 12.5 percent gain for 2019 and said it was in a solid position to weather the challenges posed by the Covid-19 outbreak.

Melco Q3 revenue gains, with mass at record

Melco Resorts & Entertainment reported a 16 percent gain in Q3 revenue helped by a strong performance at City of Dreams Macau and a record performance from the mass market and slots.
SJM Grand Lisboa

SJM Holdings Q3 misses estimates on weak VIP

SJM Holdings reported lower-than-expected Q3 EBITDA as VIP gross gambling revenue tumbled 43 percent in the quarter.
Poker Kings Club signing

Poker King Club opens in Paradise Busan casino

Suncity Group’s Poker King Club has teamed with South Korea’s Paradise Co. to open a poker room in the operator’s casino in Busan.
Naga 2

Nagacorp 9-mo. GGR rises 20 percent, mass leads

Nagacorp, the operator of the NagaWorld resort in Phnom Penh, reported that gross gaming revenue in the first nine months of the year rose 20 percent, with the mass market slightly outperforming the VIP sector.

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