TagFinancial intelligence office
International Game Technology (IGT) announced that it has completed its previously announced acquisition of iSoftBet, a leading igaming content provider and third-party game aggregator, for approximately €160 million in cash.
Financial analysts remain bullish about the Macau gaming sector from avoiding any long term effects from a potential global recession. The US casino industry has shown little signs of slowing down.
Imperial Pacific International (IPI) and the Commonwealth Casino Commission have said they are closing in on a settlement that may allow the casino to reopen, even as the regulator has given the green light for a sale of the company’s gaming assets.
SJM Holding’s Grand Lisboa Hotel in Macau has been locked down after 13 Covid cases were tracked to the property.
Genting Malaysia, which struggled to return to profit in 1Q22, is facing a brighter future as Covid restrictions ease and Resorts World Genting ramps up operations, Hong Leong Investment Bank says.
Macau began another round of mass testing on Monday as the number of Covid cases continued to rise, topping 900.
Crown Resorts is facing a second regulatory probe in Victoria over its problem gambling practices and may face a fine of as much as $100 million ($69 million).
Aquis Entertainment said it had requested a suspension from trading on the Australian Stock Exchange after a second bidder emerged for its Canberra casino.
The Macau government has published long-awaited guidelines for the re-tendering process for its six casino concessions, though the broad brush outline is still short on specifics, industry observers say.