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David Croft

Covid curbs not as-bad-as-expected for floor yields

It has been over twelve months since casino properties around the world began re-emerging from their Covid-19 related lockdowns. No doubt, limits on customer numbers and distancing has hurt gaming revenue, but gaming industry executive David Croft says the increased spacing hasn’t hurt yields as much as one would expect. 

Macau maintains estimate for $16.2bln gross gaming revenue in 2021

Macau authorities are holding strong to their estimate that the SAR's gross gaming revenue will reach MOP130 billion ($16.2 billion) in 2021, despite underperformance in the first half.
Macau Casino Dealers

Commission to evaluate Macau-HK reopening, as local outlook improves

Analysts from J.P. Morgan say they are expecting "upbeat summer holidays" in Macau, with the city hoping to recover after registering its worst gross gaming revenue figure of 2021 in June.
International Entertainment gains provisional license for Manila IR

International Entertainment signs casino operating agreement with PAGCOR

Hong Kong-listed International Entertainment Corp is planning to develop an integrated resort casino in Manila-Philippines, featuring 250 gaming tables, 100 junket tables, 1,600 slot machines and 800 5-star luxury hotel rooms, as well as restaurants, leisure facilities and shopping arcades.
macau grand lisboa hotel

SJM majority stakeholder sees $107m loss for 2020

Sociedade de Turismo e Diversões de Macau (STDM), the majority shareholder in SJM Holdings, says that it has recorded a net loss of some $107.4 million for 2020.

Macau’s CNY revenues poised to disappoint

Local gaming revenues during the Chinese New Year period have actually declined when compared to January, analysts from brokerage Sanford C. Bernstein indicated in a note.

Kingston Financial sees 13% drop in 2020 revenue

Kingston Financial, which operates casinos in Macau under SJM Holding’s license, reported a 13 percent decline in revenue for the year ending March 31, with income from its gaming division declining.

PAGCOR profits nearly halved in 20Q1

Philippines gaming regulator PAGCOR saw its net income fall 49.9 percent to P777.4 billion (US$15.4 billion) in the first quarter of 2020, with gaming...

Landing seeks HK$137.1m for Jeju ops, says 2019 loss widens

Landing International Development posted a wider loss for 2019 and said it’s seeking to raise $137.1 million ($17.6 million) through a placing of shares to support general working capital for its operations on Jeju Island, South Korea.

Success Universe expects to report 2019 profit gain

Success Universe, an investor in Macau’s Ponte 16, said it expects to report a gain of about 30-40 percent in 2019 profit, compared with the HK$54.2 million ($6.98 million)  it reported the prior year.