Revenue up, income down for IGT in 1Q22
Global gaming giant IGT saw its net income fall by 15% year-on-year to US$117 million in the three months to 31 March 2022, driven by a reduction in foreign exchange gains. The lower income was in spite of a 4%...
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Melco to hold Cyprus jobs fair ahead of City of Dreams Mediterranean launch
Melco Resorts & Entertainment subsidiary Melco Cyprus has announced plans to host an open career day this Friday 25 February ahead of the impending launch of City of Dreams Mediterranean. The Melco Open Career Day will be held at Melco...
Genting Group head Lim Kok Thay one of “several investors” keen to purchase unfinished cruise ship Global Dream
Genting Group patriarch Lim Kok Thay is said to be among several investors to have expressed interest in purchasing Global Dream – the unfinished cruise ship currently sitting dormant at Genting Hong Kong’s bankrupt shipbuilding yard in Germany. According to...
New chair, CEO for IGT as part of executive reshuffle
Global gaming giant IGT has announced a series of key changes to its Board of Directors and executive team, including the promotion of CEO Marco Sala to Chairman and appointment of current director Vincent Sadusky as new CEO. The reshuffle...
German court denies Genting Hong Kong’s bid for US$88 million in funding
A German court has ruled against Genting Hong Kong as the cruise ship operator looks to access US$88 million in funding from the State of Mecklenburg Vorpommern. Industry media outlet Seatrade Cruise News reported overnight that the court believes Mecklenburg...
ICE London locks in new April dates
Organizer Clarion Gaming has confirmed new dates for this year’s ICE London with the world’s largest gaming industry trade event to take place from 12 to 14 April 2022 at ExCeL London. ICE London had originally been planned for 1...
Melco Cyprus first European Operator to receive “RG Check” accreditation
Melco Cyprus, operator of Cyprus Casinos (C2) and upcoming integrated resort, City of Dreams Mediterranean, yesterday evening announced it has become the first gaming operator in Europe to achieve international third-party responsible gaming accreditation “RG Check” from the Responsible Gambling...
IGT issues 2022 outlook and strategic initiatives
Global gaming supplier International Game Technology (IGT) has issued its outlook for 2022, estimating revenue of between US$4.1 billion and US$4.3 billion – slightly exceeding its expected result for 2021. The forecast, introduced ahead of a virtual investor day on...
