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Gentingโs U.S. GGR tracks higher in 3-months to May: Nomura
The Genting Groupโs 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
Macauโs 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 Entertainmentโs operations in Adelaide, saying recent probes elsewhere have revealed systemic problems in the countryโs casino industry.ย
Macau operators to post 2Q22 losses as monthly GGR hits 21-month low
All of Macauโs 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.
Universalโs Philippine unit plans for โpromptโ merger with 26 Capital
Universal Entertainment said it plans for a โpromptโ merger between its Philippinesโ unit and 26 Capital prior to a September 30th deadline.
India defers GST decision on online gambling
Indiaโs 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.ย The probe will be headed by former judge, the Honourable Robert Gotterson.
Covid speeds technology adoption in casinos
The pace at which casinos are adopting new technologies is accelerating and thereโs likely to be more change in the next five years than weโve seen for the past forty, says Heather Scheibenstock, executive director of SenSen Networks.