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Genting’s U.S. GGR tracks higher in 3-months to May: Nomura

The Genting Group’s U.S. operations continued to see an improvement in gross gambling revenue in the three months to end-May, according to Nomura which tracks the data on a rolling basis.

Macau operators told to reduce staffing, ask employees to take leave

Macau’s operators are reportedly asking staff to take various forms of leave after being told to reduce the number of employees at work by 90 percent.

SkyCity to face SA probe due to systemic casino failures

The South Australian regulator plans to launch an inquiry into SkyCity Entertainment’s operations in Adelaide, saying recent probes elsewhere have revealed systemic problems in the country’s casino industry. 

Macau operators to post 2Q22 losses as monthly GGR hits 21-month low

All of Macau’s six operators are likely to post EBITDA losses in 2Q22 after gross gambling revenue for June hit its lowest level in 21 months, says J.P. Morgan.

Century Entertainment gearing up for September reopening in Dara Sakor, Cambodia

Century Entertainment plans to reopen its gaming table business in Sihanoukville, Cambodia, in the second half of the year, bring business back to normal and reducing the net loss of HK$3.7 million posted for 2Q2022.

Light & Wonder sells off OpenBet in final portfolio streamline process

Light & Wonder, formerly Scientific Games, has entered into an agreement for the sale of OpenBet to global sports and entertainment company Endeavor for $800 million, as a final step to streamline its portfolio to focus on cross-platform gaming solutions

Tourism fuels jump in May Las Vegas Strip revenue

The Las Vegas Strip posted gross gaming revenue (GGR) of $731.5 million in May, which was up 11.6 percent year-over-year, with visitors fuelling the gains.

Universal’s Philippine unit plans for “prompt” merger with 26 Capital

Universal Entertainment said it plans for a “prompt” merger between its Philippines’ unit and 26 Capital prior to a September 30th deadline.

India defers GST decision on online gambling 

India’s Goods and Services Tax Council has deferred a decision that would substantially increase taxes for online gambling companies for a further 15 days.

Star Queensland probe to begin in July, focus on five key areas

An inquiry into whether Star Entertainment is suitable to hold its casino license in Queensland will begin in July and will focus on five key areas. The probe will be headed by former judge, the Honourable Robert Gotterson.

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