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Revenue falling for Korea’s only locals casino Kangwon Land Kangwon Land, the only casino in Korea where locals can legally gamble, saw its net sales fall 9.2% year-on-year and 10.5% sequentially in 2Q18 to KRW338.7 billion (US$301.6 million). The decline included falling revenue in both gaming and non-gaming segments, with gaming revenue down 9.1% year-on-...
Thursday, 09 August 2018 18:49

Okada Manila operator Tiger Resort, Leisure and Entertainment to go public in 2019 Universal Entertainment Group is preparing to take its wholly-owned subsidiary Tiger Resort, Leisure and Entertainment, Inc (TRLEI) – operator of Okada Manila – public. The Japanese gaming firm confirmed its intentions in its 1H18 earnings release on Thursday, declaring that TRLEI will be liste...
Thursday, 09 August 2018 17:57

AIGF launches Skill Games Charters to regulate India’s skill gaming industry The All India Gaming Federation (AIGF), an apex body for gaming in India, has launched its Skill Games Charters in a move aimed to help regulate the country’s skill gaming sector. The AIGF Skill Games Charters lays down certain ground rules for its own members and members to be in terms of legali...
Thursday, 09 August 2018 06:49

Uncertainty abounds as Landing says Duterte laid foundations for Manila land deal Uncertainty over the future of Landing International Development’s planned US$1.5 billion Manila integrated resort has been further clouded by the company’s assertion that it was Philippines President Rodrigo Duterte himself who guided them to the plot of land they are now fighting to retain. L...
Thursday, 09 August 2018 06:25

Record mass performance helps Bloomberry 2Q18 growth after bad luck in VIP Bloomberry Resorts Corporation continued its recent surge in 2Q18, recording a new all-time high for quarterly mass table drop and EGM coin-in at flagship property Solaire. But the company’s net profit took a hit due to low VIP hold and a significant loss at its Jeju Sun Hotel & Casino in Kor...
Wednesday, 08 August 2018 18:37

Early signs positive for Tabcorp as Tatts merger spurs FY18 growth The December 2017 merger between Australian gaming giants Tabcorp Holdings and Tatts Group saw Tabcorp’s revenue for the year ended 30 June 2018 climb 71.7% to AU$3.8 billion in what Managing Director and CEO David Attenborough describes as a “company-defining year.” The merger, bringing toge...
Wednesday, 08 August 2018 14:22

Galaxy powering ahead as 2Q18 revenue climbs 22% Galaxy Entertainment Group (GEG) has continued to shine in 2018 with group-wide net revenue jumping 22% year-on-year in 2Q18 to HK$13.9 billion, led by surging VIP but complemented by solid gains across all sectors. GEG’s total gross gaming revenue on a management basis – which includes revenue...
Wednesday, 08 August 2018 13:46

VIP recovery leads SKYCITY to record FY18 results Australasian IR operator SKYCITY Entertainment Group saw its net profit rise 10.4% to NZ$169.9 million in the 12 months ended 30 June 2018, driven by the rapid recovery of the company’s VIP sector in the 12 months since the arrests of 19 Crown Resorts employees in mainland China sent regional VIP ...
Wednesday, 08 August 2018 07:10

Wynn Resorts appoints Matt Maddox and Richard J Byrne to board Wynn Resorts has increased the size of its board to 11 members after announcing the appointments of CEO Matt Maddox and independent director Richard J Byrne overnight. Their addition comes just a day after former Harrah’s boss Phil Satre was named as the company’s new Chairman, to replace D. Bo...
Wednesday, 08 August 2018 06:50

Grand Korea Leisure sees 2Q18 net income soar Korea’s state-run, foreigners only casino operator Grand Korea Leisure (GKL) saw its net income jump 76.2% to KRW27.2 billion (US$24.3 million) in the three months to 30 June 2018. In a filing to the Korea Exchange, GKL reported a 5.9% year-on-year increase in revenue to KRW116.1 billion (US$103....
Wednesday, 08 August 2018 06:49

What's new

Cebu City to move forward with casino resort plan

Cebu City to move forward with casino resort plan A Cebu City government official told local media on Monday that a proposed Php18 billion (US$356 million) integrated resort would proceed with its upcoming ground-breaking ceremony this Saturday in defiance of President Rodrigo Duterte’s apparent ban on new casinos. The IR, to be built on Kawit I... Tuesday, 21 August 2018 06:08

Success Universe issues positive profit alert

Success Universe issues positive profit alert Macau casino investor Success Universe has issued a positive profit alert ahead of its 1H18 results announcement next week. The group said late Monday that it expects to record an unaudited consolidated profit for the six months to 30 June compared with a loss for the same period last year. The pro... Tuesday, 21 August 2018 05:49

Another key departure as Cai Lingli steps down from Imperial Pacific board

Another key departure as Cai Lingli steps down from Imperial Pacific board Imperial Pacific International (IPI) has lost its second key board member in the space of a week with Cai Lingli – a relative of majority owner Cui Li Jie – stepping down as a director of the company and chairperson of the executive committee. Her departure comes just seven days after Marco Te... Tuesday, 21 August 2018 05:23

Melco Resorts confirms Studio City IPO plans in motion

Melco Resorts confirms Studio City IPO plans in motion Melco Resorts & Entertainment has confirmed that it is continuing preparations to launch an Initial Public Offering of shares in Studio City International Holdings – the holding company for its Studio City integrated resort in Macau. Updating the company’s intentions almost exactly a year s... Tuesday, 21 August 2018 04:56

Current Issue

OZ VIP: A new dawn

OZ VIP: A new dawn It has taken just 12 months for Australia’s VIP turnover to rebound following the arrests of 19 Crown Resorts employees in China in October 2016, but the balance of power between Australian operators has shifted dramatically in the process. By Ben Blaschke   Just 12 months after the release of... Sunday, 29 July 2018 22:32

Waiting for Garapan

Waiting for Garapan Imperial Pacific says it will miss another deadline for completing its Saipan casino hotel, and there’s no consensus on a completion date. Meanwhile, VIP roll and trade receivable numbers soar. By Muhammad Cohen   Imperial Pacific International continues to excel at manythings. Its monopoly ca... Sunday, 29 July 2018 22:27

License to thrill: How casino re-tendering will shape Macau’s future

License to thrill: How casino re-tendering will shape Macau’s future Professor Glenn McCartney takes a look at the impending Macau casino re-tendering process and why the government’s criteria for issuing licenses will shape the city’s tourism future. By Professor Glenn McCartney   Macau’s casino concession and sub-concession contracts will all end in a few... Sunday, 29 July 2018 22:21

Making live online gaming a reality

Making live online gaming a reality Latency has long been the ultimate challenge for online gaming operators in their quest to provide a quality product, but a new open framework technology could prove to be a game-changer. By Jaheer Abbas | Senior Director, SEA & India at Limelight Networks   It’s hard to imagine that onlin... Sunday, 29 July 2018 22:09