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Naga3 in advanced planning stage

NagaCorp says the third phase of its IR in Phnom Penh is in the advanced planning stage, after the opening of Naga2 late last year helped to almost double gross gambling revenue in the first nine months of the year.
Pokerstars

Stars Group Q2 revenue gains 34.8 percent, helped by Australia

Canada-based Stars Group, owner of the PokerStars brand, reported a 34.8 percent jump in Q2 revenue, helped by recent acquisitions in Australia.

SKYCITY CEO sees bright future; analysts unexcited

SKYCITY Entertainment CEO Graeme Stephens is optimistic about the group’s prospects, helped by expansion in Auckland, a planned venture into online gaming and a rebound in international VIPs, although analysts remain cautious.

Macau Legend sees H1 profit

Macau Legend Development said it expects to post a profit in the first half of 2018, boosted by the sale of New Macau Landmark Management.

MGM China H1 revenue up 30 percent

MGM China Holdings Limited said its H1 revenue rose 30 percent, helped by the February opening of its new Cotai resort.

500.com Q2 revenue jumps on TMG acquisition

500.com, a provider of lottery services in China reported soaring revenue for Q2, helped by the early July acquisition of TMG Group, an online lottery betting and online casino platforms operated out of Malta.

Paradise expects to swing to H1 profit

Paradise Entertainment, of provider of electronic gaming equipment, said it expects to swing to a profit for the first half of this year, powered mainly by strong sales of equipment and systems.

Melco Q2 hit by bad luck; COD Manila and Altira drive performance

Melco Resorts & Entertainment reported an 8 percent gain in adjusted property EBITDA driven by its City of Dreams Manila and Altira properties, though overall revenue fell after a change in accounting practices.

Maruhan suffers 7.6 percent revenue decline in FY17

Maruhan, operator of the second-largest number of pachinko halls and number one in terms of sales, suffered a 7.6 percent decline in overall revenues...

Star Entertainment VIP revenue surges, Brisbane project costs rise

Star Entertainment Group said its international VIP rebate business has continued to show strong growth into the second quarter, with turnover jumping almost 64 percent year to date.
Solid Gaming

Knowledge trumps content in Asia’s complex i-gaming world

In Asia’s complex and diverse igaming landscape, having the right content means business success only if one more key ingredient is included - market knowledge. 

Instant and secure deposits

AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...

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Suppliers get igaming boost

Suppliers get igaming boost

Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Ho Iat Seng

Macau gaming law revision not likely until late 2021

Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry. 

BBIN becomes official igaming partner of Atletico Madrid in Asia

BBIN said it has become the Official iGaming Supplier Partner of Atlético de Madrid in Asia.
India lottery

India’s Supreme Court upholds GST on lotteries

India’s Supreme Court has dealt a blow to the country’s lottery business, upholding the constitutional validity of imposing a General Services Tax (GST) on sales and winnings of lottery tickets.

India’s Supreme Court upholds GST on lottery sales

India's Supreme Court has rejected a petition by Skill Lotto Solutions against the government's decision to impose a general sales tax of 12 percent on lottery tickets. That tax rises to 28 percent if the tickets are sold to someone in another state.