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Okada Manila operator Universal records loss in 1Q25 as VIP slumps

The Japan-based operator of Okada Manila, Universal Entertainment, has reported a net loss of JPY7.56 billion ($51.53 million) for its fiscal year, due to a decrease in sales volume and drops in the VIP segment at the Manila IR due to a ‘decrease in the number of foreign guests’.

Resorts World Sentosa Chairman Tan Hee Teck to step down on May 31st

Resorts World Sentosa Chairman and Genting Singapore CEO Tan Hee Teck will retire from his position on May 31st.

Solaire North’s rapid ramp up helps Bloomberry achieve 14% GGR growth in 1Q25

Solaire North’s first full quarter lifts Bloomberry’s GGR 14% in 1Q25, helping cushion declines at Solaire Resort Entertainment City.

GKL reports 57.9% net profit increase to $11.4M in 1Q25

Net profit at GKL reached $11.4 million for the first quarter ending March 31st, driven by robust casino sales and enhanced profit margins.

Kangwon Land secures approval for 10x increase in VIP baccarat limits

Kangwon Land, the only South Korean casino open to locals, has announced a significant increase to betting limits for baccarat.

Aristocrat sees revenue increases across all segments, profit tops $474M in fiscal half year

Aristocrat has announced a 5.6 percent increase in profit for the first financial half year (ending March 31st), totaling AU$732.6 million ($474.36 million), bolstered by strong North American sales.

IGT results drop in 1Q25 but are “in line with expectations”, as company focuses on lottery segment

International Game Technology (IGT) says that its first quarter results were “In line with expectations”, with revenue falling by 12 percent yearly to $583 million as it focuses on its lottery business.

SBObet surrenders Isle of Man online gambling license

Celton Manx, the license holding entity for SBObet and various of its online presences, has surrendered its Isle of Man online gambling license.

Macau International Airport expansion project commences construction

The expansion project at Macau International Airport (MIA) has been kicked off. The undertaking aims to increase the airport's capacity and operational capabilities, targeting 15 million annual passengers.

Macau’s post-Golden Week slowdown shows 44% drop to $71.8M daily revenue

Despite a robust Golden Week, Macau saw a sharp 44% fall in daily gaming revenue after the holiday, exceeding typical dips.

UPCOMING INDUSTRY EVENTS

UPCOMING INDUSTRY EVENTS