Scientific Game

Daily News

Steve Wynn evicted, given no compensation under Wynn Resorts separation agreement Wynn Resorts co-founder Steve Wynn will receive no compensation and has less than four months to vacate his personal residence at Wynn Las Vegas under the terms of his separation agreement, the company has revealed. Details of the formal agreement between Wynn Resorts and its former Chairman were d...
Monday, 19 February 2018 14:00

Okada Manila delays, Wynn Resorts litigation lead to Universal profit slump Japan’s Universal Entertainment Corporation has recorded a net loss of ¥13.43 billion (US$125.4 million) for the nine months to 31 December 2017, a significant decline from its previously announced forecast due to construction expenses at Okada Manila, sluggish pachinko and pachislot sales and on...
Thursday, 15 February 2018 06:48

Kenneth Rosevear retires from MGM China board MGM China has announced the resignation of Kenneth Rosevear as a non-Executive Director. Rosevear steps down from the role just a day after the launch of the company’s new Macau integrated resort, MGM Cotai, which opened with a lavish ceremony on Tuesday. MGM said that Rosevear’s departure was...
Thursday, 15 February 2018 06:47

Parisian Macao hits five billion social media impressions Sands China’s newest Macau integrated resort, The Parisian Macao, has attracted more than five billion impressions since opening in September 2016. The milestone was revealed by Chairman and CEO Sheldon Adelson in a filing to the Hong Kong Stock Exchange overnight outlining Sands China’s finan...
Thursday, 15 February 2018 06:27

Sega Sammy shares sale sees shuffle of stakeholders Sega Sammy Holdings Inc’s Chairman, CEO and largest shareholder, Hajime Satomi, has sold off 74% of his stake in the company to an asset management firm controlled by he and his family. The sale of 23,558,000 shares to HS Company represents 10.12% of Sega Sammy’s issued share capital and has re...
Thursday, 15 February 2018 06:02

Macau Legend issues profit warning amid expected 85% increase in losses Macau Legend Development Limited has issued a profit warning for the year ended 31 December 2017, stating that it expects net loss to climb by more than 85% over the prior year period. The company reported a loss of HK$227.5 million (US$35.7 million) in 2016. In a filing to the Hong Kong Stock Exch...
Thursday, 15 February 2018 05:23

Suncity Group subsidiary to provide technical and pre-opening services for Vietnam IR Suncity Group Holdings Limited has signed an agreement via its wholly-owned local subsidiary Suncity Group Management and Consultancy Limited (Hoi An) that will see it provide technical and pre-opening services for Suncity’s new Vietnam integrated resort, Hoiana. The agreement follows a similar d...
Wednesday, 14 February 2018 07:01

Melco Resorts announces discretionary bonus for employees Melco Resorts & Entertainment Limited has become the latest Macau concessionaire to declare discretionary bonuses for its non-management staff. Melco announced on Tuesday that it would pay a one-month discretionary bonus to all eligible non-management employees in advance of Chinese New Year, ...
Wednesday, 14 February 2018 06:36

MGM Cotai launch “vital” for 2020 concession renewal: Bowie By Ben Blaschke The long-awaited opening of MGM China’s new Macau integrated resort, MGM Cotai, is “vital” to the upcoming concession renewal process, according to CEO and Executive Director Grant Bowie. His comments came during MGM Cotai’s Grand Opening on Tuesday, which saw guests and di...
Wednesday, 14 February 2018 06:12

Fitch Ratings upgrades Macau to AA Ratings agency Fitch Ratings has upgraded Macau’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from AA- to AA. Reflecting on the past 12 months for the Asian gaming hub, Fitch said the upgrade reflects a number of key ratings drivers, including estimated GDP growth of 8.7% in 2017 follo...
Wednesday, 14 February 2018 04:26

What's new

Changing of the guard: Macau’s Galaxy buys 5.3 million Wynn Resorts shares as Steve Wynn agrees to sell entire stake

Changing of the guard: Macau’s Galaxy buys 5.3 million Wynn Resorts shares as Steve Wynn agrees to sell entire stake By Ben Blaschke and Andrew W Scott Galaxy Entertainment Group (GEG) has emerged as a shock investor in Wynn Resorts, with the two integrated resort giants announcing today that Galaxy has agreed to purchase 5.3 million primary Wynn Resorts shares for a total of US$927.5 million. Wynn also announce... Friday, 23 March 2018 08:31

The Star Gold Coast opens luxury hotel The Darling

The Star Gold Coast opens luxury hotel The Darling Star Entertainment Group has opened its new luxury suite hotel, The Darling, at The Star Gold Coast – part of the company’s Australia-wide property makeover. The 17-storey hotel is considered the jewel in crown of The Star Gold Coast’s AU$850 million redevelopment, featuring seven suites on e... Friday, 23 March 2018 06:44

Korea’s Jeju Shinhwa World holds Grand Opening

Korea’s Jeju Shinhwa World holds Grand Opening Korea’s Jeju Shinhwa World celebrated its Grand Opening on Thursday, described as “the first and only iconic world-class integrated leisure and entertainment resort in Jeju Island, Korea.” The ceremony, hosted by the Chairman of Jeju Shinhwa World owner and operator Landing International, Dr ... Friday, 23 March 2018 06:21

Revenue, profits surge as Summit Ascent avoids Russian tax hike

Revenue, profits surge as Summit Ascent avoids Russian tax hike Hong Kong-listed casino investor Summit Ascent international has announced a 46% increase in revenue from its Russian integrated resort, Tigre de Cristal, in Vladivostok in 2017, due primarily to a 33% surge in rolling chip turnover. Group wide revenue increased to HK$470.8 million for the year, up... Friday, 23 March 2018 05:57

Current Issue

MGM “all-in” on Cotai

MGM “all-in” on Cotai Almost five years to the day since MGM first broke ground on its second Macau integrated resort, MGM Cotai finally opened its doors to the public on 13 February with the US$3.4 billion investment pinning its future on the premium mass market and an array of innovative features. By Ben Blaschke “... Tuesday, 27 February 2018 14:50

European vacation

European vacation Novomatic is targeting both the US and Asian markets with its recent acquisition of a 52% stake in Australian slot machine developer Ainsworth Game Technology.By Ben Blaschke WHEN Austrian gaming giant Novomatic Group confirmed the completion of its AU$500 million purchase of a 52.2% stake in Austra... Tuesday, 27 February 2018 14:48

Problem solving

Problem solving Inside Asian Gaming speaks with Davis Fong, Associate Professor in International Integrated Resort Management and Director of Institute for the Study of Commercial Gaming at the University of Macau’s Faculty of Business Administration, about the extent of gambling disorders in the Asian gaming hub... Tuesday, 27 February 2018 14:44

Gaming and the nine intelligences

Gaming and the nine intelligences Sudhir Kale explores the nine types of intelligence as defined by Harvard psychologist Howard Gardner and how they apply to the gaming industry.  DURING my decades of involvement in the gaming industry, I have had the pleasure of knowing many senior executives from all over the world. They are all... Tuesday, 27 February 2018 14:40