MGM Resorts reaches agreement for IR project in Osaka

MGM Resorts says that it has finally reached an implementation agreement for its massive IR project in Osaka, Japan.

Sega Sammy restructuring European business in move to cut costs

Sega Sammy has announced strict changes to its European business, choosing to cancel the title distribution of certain products in the region.

SkyCity promotes Donna Cooper to a director position

Australia and New Zealand gaming operator SkyCity Entertainment Group has announced the appointment of a new non-executive director to the company’s board. The group, in a Thursday announcement, noted that Donna Cooper had been approved as a non-executive director of the SkyCity board, effective the same day.

26 Capital SPAC dissolution blocked by courts

A US judge has temporarily blocked the dissolution of Special Purpose Acquisition Company (SPAC) 26 Capital after a lawsuit to recover some $1.9 million in legal fees linked to the defunct plan for a merger with Okada Manila operator Universal Entertainment.

FEC separately listing Czech Republic casino subsidiary

Hong Kong-listed real estate giant and gaming operator Far East Consortium (FEC) is planning to spin-ff one of its subsidiaries on the bourse, with a public and international offering of shares.

NagaCorp’s EBITDA unlikely to return to pre-Covid values

The demise of the VIP junket sector likely means Cambodia casino operator NagaCorp's EBITDA will unlikely return to pre-covid 'anytime soon', as the company had a 'historical over-reliance on VIP GGR, according to the latest investment memo from Citigroup.

Galaxy Entertainment to build synthetic ice rink and urban farm at old shipyards

Macau casino operator Galaxy Entertainment Group (GEG) is set to help revitalize Lai Chi Vun, the old shipyards in Coloane.

Okura turns to profit in 1H23 as expense-cutting measures continue

Pachinko operator Okura Holdings reported 13 percent year-on-year revenue jump in the first half of this year, reporting some revenue increased by approximately JPY6,284 million ($42 million) for the period.

AGTech wins sports lottery terminal supply tender for Shanghai, Fujian and Guizhou

Lottery and integrated technology and services company AGTech Holdings announced that  one of its wholly-owned subsidiaries has recently won the lottery terminals procurement tenders to supply lottery terminals to the Sports Lottery Administration Centres in Shanghai municipality, Fujian province and Guizhou province.

Tabcorp fined $9,590 for gambling inducements on website 

Australian gaming group Tabcorp has been convicted and fined AU$ 15,000 ($9,590) for offering an inducement to people without a TAB betting account.