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IGT forms joint venture to provide lottery products in China Global gaming giant IGT has formed a Chinese-foreign equity joint venture with Shenzhen Tian Lian Cai Investment Co Ltd – a subsidiary of Chinese conglomerate Telling Telecommunication Holding Co Ltd – to provide innovative lottery products to regulated Lottery Centers in the People’s Republic...
Thursday, 27 July 2017 22:53

Genting Singapore tipped to outperform MBS in mass Genting Singapore is tipped to outperform its Singapore rival Marina Bay Sands (MBS) in the mass market segment, according to Morgan Stanley analysts, with property EBITDA estimated to come in at SG$270 million when the former releases its 2Q revenue results in the coming weeks. The prediction foll...
Thursday, 27 July 2017 22:43

Pachinko leader Dynam sees revenue decline as high limit players stay away Japan’s pachinko market leader, Dynam Japan Holdings, saw its revenues decline in the three months to 30 June 2017 due to “a harsh environment” that has seen a fall in the number of customers playing in its high playing cost halls. In its 2Q earnings release, filed with the Hong Kong Stock Ex...
Thursday, 27 July 2017 22:14

City of Dreams Manila, Studio City growth behind Melco Resorts revenue surge A massive 80.6% increase in revenue at Studio City in Macau and 46.6% growth at City of Dreams Manila has propelled Melco Resorts & Entertainment Ltd’s strong 2Q results, with revenue for the company up 21% year-on-year to US$1.3 billion. On a US GAAP basis, operating income for the second qu...
Thursday, 27 July 2017 21:56

Mass market boosts MGM China 1H results but 2Q declines MGM China Holdings Ltd recorded a slight 3% rise in revenue to HK$7.4 billion while Adjusted EBITDA was up 11% to HK$2.2 billion for the six months to 30 June on the back of a strong performance in mass. However, the results were primarily due to a busier first three months of the year, with the Apr...
Thursday, 27 July 2017 21:30

Parisian, Marina Bay Sands lead Sands Q2 jump Sands China Ltd has reported net revenue of US$1.82 billion in 2Q17, an increase of 23% over the same period in 2016 thanks in part to the opening of Parisian Macao last September, while Marina Bay Sands (MBS) in Singapore produced stunning results for Las Vegas Sands. Sands China's income increas...
Wednesday, 26 July 2017 23:25

Smoking laws, construction mess keeping mass market away from Wynn Palace Casino operator Wynn Resorts expects its flagship Macau property, Wynn Palace, to be “the biggest beneficiary” of new smoking laws that will see smoking banned from VIP gaming areas citywide from 1 January 2019, according to Wynn Macau Ltd President Ian Coughlan. Dissecting the company’s seco...
Wednesday, 26 July 2017 22:35

India’s Delta Corp climbs ever higher as gaming profits soar Indian gaming and hospitality leader Delta Corp saw its total income from operations climb 18.4% to Rs128.6 crore (US$23.8 million) in the three months to 30 June, led by strong growth in its casino gaming division. Segment revenue for gaming in 2Q17 reached Rs115.7 crore, up 20.2% year-on-year and...
Wednesday, 26 July 2017 10:47

Sky City Entertainment confirms AU$330 million Adelaide casino upgrade Adelaide Casino will become the latest Australian property to be given a multi-million dollar facelift after owner Sky City Entertainment revealed it has signed a Development Agreement with the South Australian government. The AU$330 redevelopment, due for completion in 2020, will include an extra ...
Wednesday, 26 July 2017 08:24
Australasian Gaming Expo exhibitor space sold out The Gaming Technologies Association, owner and operator of the Australasian Gaming Expo (AGE) has announced that the event is a sell-out. Scheduled for 15 to 17 August 2017 at the new ICC Sydney at Darling Harbour, AGE 2017 has already shattered records for the most exhibition stands (248 which is...
Tuesday, 25 July 2017 22:47

What's new

IGT forms joint venture to provide lottery products in China Global gaming giant IGT has formed a Chinese-foreign equity joint venture with Shenzhen Tian Lian Cai Investment Co Ltd – a subsidiary of Chinese conglomerate Telling Telecommunication Holding Co Ltd – to provide innovative lottery products to regulated Lottery Centers in the People’s Republic... Thursday, 27 July 2017 22:53

Genting Singapore tipped to outperform MBS in mass

Genting Singapore tipped to outperform MBS in mass Genting Singapore is tipped to outperform its Singapore rival Marina Bay Sands (MBS) in the mass market segment, according to Morgan Stanley analysts, with property EBITDA estimated to come in at SG$270 million when the former releases its 2Q revenue results in the coming weeks. The prediction foll... Thursday, 27 July 2017 22:43

Pachinko leader Dynam sees revenue decline as high limit players stay away

Pachinko leader Dynam sees revenue decline as high limit players stay away Japan’s pachinko market leader, Dynam Japan Holdings, saw its revenues decline in the three months to 30 June 2017 due to “a harsh environment” that has seen a fall in the number of customers playing in its high playing cost halls. In its 2Q earnings release, filed with the Hong Kong Stock Ex... Thursday, 27 July 2017 22:14

City of Dreams Manila, Studio City growth behind Melco Resorts revenue surge

City of Dreams Manila, Studio City growth behind Melco Resorts revenue surge A massive 80.6% increase in revenue at Studio City in Macau and 46.6% growth at City of Dreams Manila has propelled Melco Resorts & Entertainment Ltd’s strong 2Q results, with revenue for the company up 21% year-on-year to US$1.3 billion. On a US GAAP basis, operating income for the second qu... Thursday, 27 July 2017 21:56

Current Issue

Shining Star- Matt Bekier

Shining Star- Matt Bekier When Matt Bekier was appointed CEO of Star growth expected when 2017 results are released later this year and entertainment Group – then known as echo entertainment – in 2014, the company was reeling from a 30.5% fall in profits, plunging share prices and ongoing public relations nightmares incl... Wednesday, 26 July 2017 08:08

Beating the odds, changing the game

Beating the odds, changing the game By Muhammad CohenWith customers literally breaking down the doors at its May 2004 opening, Sands Macao demonstrated Macau’s untapped mass market potential. Thirty-eight months later, the Venetian Macao tapped that potential – and it was a gusher. The success of the Venetian, which instantly beca... Wednesday, 26 July 2017 07:54

View from the top

View from the top Inside Asian Gaming speaks to Aristocrat’s recently promoted CEO Trevor Croker about his first few months in the top job and his plans for maintaining the slots giant’s winning momentum.   Inside Asian Gaming: You’ve been CEO for a little over four months now. How have you found the role so... Wednesday, 26 July 2017 07:37

From Uber to Amazon

From Uber to Amazon By: Dr Peter T Treadway In his latest column for Inside Asian Gaming, Dr Peter T Treadway explains why regions like Macau and Hong Kong must support tech business as the way of the future.   Since issuing the last Dismal Optimist in May, tech stocks roared upward. That is until the afternoon of... Wednesday, 26 July 2017 07:19