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Wynn Resorts extends contracts for CEO and CFO, ups salaries
Wynn Resorts has announced extensions to the contracts of its CEO and CFO, as well as salary increases for each.
Far East Consortium pondering spin-off of Czech gaming business
Hong Kong Stock Exchange-listed conglomerate Far East Consortium has announced its plans to spin-off and separately list its Czech gaming business and German and Austrian hotel business.
PAGCOR warns of ‘US-based illegal gaming website’
Philippine gaming regulator and operator PAGCOR has warned against a ‘US-based illegal gaming website’ that it says has been allegedly operating in the Philippines.
Macau GGR to record fourfold increase in 2Q23 with signs of deceleration: Deutsche Bank
Deutsche Bank estimates that gross gaming revenue (GGR) in Macau may rise 423 percent in 2Q23, reaching $5.56 billion. The estimated GGR for 2Q23 is still 39 percent lower than the same period in 2019.
Deputy CEO of Resorts World Sentosa resigns after just five months on the job
Resorts World Sentosa's Deputy Chief Executive Officer, Lam Yi Young, has resigned after just five months in the position.
The Rise of Robots, CoBots and Automation – A New Normal
Talk about robots in the workplace and people imagine R2-D2 or C-3PO from Star Wars. Worse still, a monster that turns on its human masters. The truth, explains Matt Ballesty from Three Points Consulting, is more pragmatic – “The next robot you meet will probably be serving you a drink or cleaning your hotel ro
Paradise Co. sees 30% monthly uptick in May revenue, as Japanese players return in droves
Korean casino operator Paradise Co. has reported a 30 percent monthly increase in gaming revenue, and a 313.3 percent yearly increase, to KRW70.13 billion ($53.09 million) in May.
Genting and NagaCorp bosses amongst Top 10 richest billionaires in Malaysia
Chen Lip Keong, owner of NagaCorp and Karambunai, and Genting Group boss Lim Kok Thay are amongst the top10 richest billionaires in Malaysia, according to the annual list of ‘Malaysia’s 50 Richest’ 2023 edition from Forbes.
Dynam acquires pachinko hall business in Gifu Prefecture for $27.2 million
Pachinko giant Dynam has announced that it is acquiring a pachinko business from Japanese firm Keiai for JPY3.8 billion ($27.2 million).
DFNN revenue up 69% in 2022, with EBITDA climbing 191% yearly
Philippines-listed technology-provider and remote gaming platform provider DFNN posted a 69 percent increase in revenue for FY22 to PHP905.8 million ($16.1 million), driven mainly by robust income generated from its interactive technology platforms and an increase of sales.
NagaCorp pushes back Naga 3 completion date by 4 years, to September 2029
Cambodian gaming operator NagaCorp has announced that it is pushing back the completion date of its $3.5 billion Naga 3 project in Phnom Penh by four years, to September of 2029, as opposed to the previous completion date of September 2025.