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Aristocrat announces record revenues for FY17 Slot machine giant Aristocrat Leisure has announced record earnings for the full year ended 30 September 2017, with revenue up 15.3% to AU$2.45 billion and EBITDA rising 24.2% to AU$1 billion. In a filing to the Australian Securities Exchange, Aristocrat credited “a higher quality of earnings and...
Thursday, 30 November 2017 06:46

Silver Heritage ready to launch casino operations after receiving government 5-Star Hotel Rating Silver Heritage Group Ltd says it now has the documentation needed to lodge an application to launch casino operations at Tiger Palace Resort Bhairahawa after its hotel was awarded a 5-Star Hotel Rating by the Ministry of Culture, Tourism and Civil Aviation of Nepal. Silver Heritage will lodge the...
Thursday, 30 November 2017 06:16

Summit Ascent likely to slow Russian Phase 2 development: analyst Macau-based operator Summit Ascent will likely slow down the Phase 2 development of its Tigre de Cristal resort in Vladivostok, Russia if regulatory uncertainties aren’t eased soon, according to Union Gaming analyst Grant Govertsen. The prediction follows a first reading of a bill by the Russian ...
Thursday, 30 November 2017 05:59

Amax International eyes overseas opportunities as Greek Mythology lockout continues Hong Kong-listed gaming investor Amax International Holdings has outlined its plans to expand its interests outside of Macau to open new revenue streams following a protracted legal dispute with the management of its Macau casino, Greek Mythology. Releasing its financial results for the six months ...
Thursday, 30 November 2017 05:24

Legendary chef Alain Ducasse restaurants to cover entire floor at Melco’s Morpheus hotel Melco Resorts & Entertainment has announced a collaboration with legendary French chef Alain Ducasse that will see him operate two restaurants and a bar covering an entire floor of luxury hotel Morpheus when it launches in 2018. The opening of the two side-by-side dining destinations will make ...
Thursday, 30 November 2017 04:33
Sands Procurement Academy honors second group of graduates Sands China Ltd recognized the second group of local SME suppliers to graduate from the Sands Procurement Academy Tuesday, with a ceremony at The Venetian Macao’s Adelson Advanced Education Centre. The event was co-organised with the Macao Chamber of Commerce and the Macau Productivity and Tec...
Wednesday, 29 November 2017 06:32

Ainsworth’s AU$500 million Novomatic sale nearing completion Global gaming giant Novomatic is close to completing its AU$500 million acquisition of a 52.5% stake in Australian slot machine manufacturer Ainsworth Game Technology, with approvals now received from the “majority of gaming regulators” according to Ainsworth Chairman Graeme Campbell. Addressin...
Wednesday, 29 November 2017 06:28

MGM China 2018 EBITDA to grow faster than peers Financial services firm Morgan Stanley believes MGM China will enjoy the strongest EBITDA growth of any of Macau’s six gaming concessionaires in 2018, driven by a stronger than expected performance at its new MGM Cotai IR, due to open on 29 January. In a Wednesday note, Morgan Stanley analysts ou...
Wednesday, 29 November 2017 05:59

Better news for Korean casinos as China partially lifts tourism ban South Korea’s embattled tourism industry will be granted a much-needed reprieve with China set to allow travel agencies in Beijing and Shangdong to resume some group tours to its near neighbour. The easing of restrictions will come as a welcome relief to operators of Korea’s 16 foreigner-only c...
Wednesday, 29 November 2017 05:40

Ourgame revamp on track despite further 3Q17 losses Chinese poker, eSports and online gaming company Ourgame Holdings Ltd says its business revamp is making solid progress, despite another tough quarter that saw revenue plummet 37.4% on the same period in 2016. Ourgame reported revenue of RMB142.3 million (US$21.5 million) for the three months to 30...
Wednesday, 29 November 2017 05:19

What's new

Sands China assists Holy House of Mercy with post-typhoon aid

Sands China assists Holy House of Mercy with post-typhoon aid Sands China Ltd presented a cheque for just over MOP$2 million to Macau Holy House of Mercy on Tuesday to help with the cost of restoring its elderly home, which was severely damaged when Typhoon Hato tore through Macao in August. Sands China Ltd. President Dr Wilfred Wong and Vice President of Cor... Wednesday, 13 December 2017 05:59
Galaxy Macau and Broadway Macau win top marks at 2017 Quality Tourism Services Accreditation Scheme Galaxy Macau and Broadway Macau have won 13 distinct honors from the established Quality Tourism Services Accreditation Scheme (QTSAS) ceremony organized by Macao Government Tourism Office (MGTO). As a third-year winner, these awards further reinforce the resort’s leading position in providing t... Wednesday, 13 December 2017 05:56

International Table Tennis Federation eyes betting integrity with new Sportsradar partnership

International Table Tennis Federation eyes betting integrity with new Sportsradar partnership The International Table Tennis Federation (ITTF) has signed a new integrity partnership with Sportradar which will see it utilize the organisation’s vital monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing. The partnership will see hundreds of match... Wednesday, 13 December 2017 05:46
Norwegian Cruise Line Holdings announces transfer to the New York Stock Exchange Norwegian Cruise Line Holdings Ltd has announced the pending transfer of its ordinary shares from the Nasdaq Global Select Market to the New York Stock Exchange. In a press release, the company said it expects to begin trading on the NYSE on 19 December 2017, under its current ticker symbol “NCLH... Wednesday, 13 December 2017 05:40

Current Issue

2017 Inside Asian Gaming Power 50: Meet the Selection Panel

2017 Inside Asian Gaming Power 50: Meet the Selection Panel Andrew W Scott CEOInside Asian Gaming Inside Asian Gaming’s CEO first entered a casino in 1986, fell in love with the surrounds and has been around them ever since. Andrew founded World Gaming Group and launched WGM in 2009, took over IAG in 2015, debuted a third magazine called High Life in ... Tuesday, 05 December 2017 19:28

2017 Inside Asian Gaming Power 50: Ten Years On

2017 Inside Asian Gaming Power 50: Ten Years On A decade of making the Asian Gaming Power 50 By Andrew W ScottIAG Asian Gaming Power 50 selection panel Chairman EVERY year for the last decade, Inside Asian Gaming has completed a task that is fascinating, exhilarating, intellectually stimulating and industry-defining whilst simultaneously bei... Tuesday, 05 December 2017 19:12

2017 Inside Asian Gaming Power 50: Number 19 -  James Murren

2017 Inside Asian Gaming Power 50: Number 19 - James Murren 19 James Murren CHAIRPERSON AND EXECUTIVE DIRECTORMGM China Holdings POWER SCORE1,165 LAST YEAR12 CLAIMS TO FAME • Chairman of the world’s second largest casino company • Credited with keeping MGM Resorts afloat during the GFC If the strong domestic results achieved by MGM China’s pa... Tuesday, 05 December 2017 14:44

2017 Inside Asian Gaming Power 50: Number 18 - Chen Lip Keong

2017 Inside Asian Gaming Power 50: Number 18 - Chen Lip Keong 18 Chen Lip Keong CEO AND EXECUTIVE DIRECTORNagaCorp POWER SCORE1,234 LAST YEAR20 CLAIMS TO FAME • Casino monopoly within 200 kilometers of Phnom Penh runs to 2035, license to 2065. • Owns 65% of first gaming company ever listed in Hong Kong • NagaWorld extension Naga2 debuted in Novemb... Tuesday, 05 December 2017 14:39