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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SkyCity says no dividends in 2022 on extended debt covenant waivers
New Zealand’s SkyCity Entertainment Group says it is unable to issue dividends to shareholders for the remainder of 2022 after securing an extension to debt covenant relief for the June 2022 and December 2022 testing periods. In a Tuesday morning...
Thai committee to submit report on legalized casinos in May
An extraordinary committee examining the feasibility of opening regulated casinos in Thailand will submit its report next month, according to the Bangkok Post. The study, launched in December following a House of Representatives vote, has specifically focused on the potential...
SkyCity welcomes end of capacity restrictions as New Zealand opens borders to Australia
SkyCity Entertainment Group has confirmed that its three New Zealand properties are no longer subject to capacity restrictions or social distancing measures from today after the government lowered the national COVID-19 alert level. Authorities announced on Wednesday that New Zealand...
Imperial Pacific outlines array of new revenue and funding sources, says outstanding license fees could be repaid in final bid to save Saipan casino
Imperial Pacific International has outlined several new sources of revenue and funding as it looks to avoid revocation of its Saipan casino license and resume operations at Imperial Palace‧Saipan. Ahead of a meeting with the Commonwealth Casino Commission next month...
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Government audit finds serious deficiencies in SkyCity Auckland’s responsible gaming processes: report
New Zealand’s Department of Internal Affairs (DIA) found that SkyCity Entertainment Group’s flagship Auckland casino had “very few” harm minimization measures in place and was “deficient” in its processes around identifying banned players. The findings of the 2019 audit, finalized...
Court finds Saipan regulator justified in suspending Imperial Pacific’s casino license
The Superior Court of the Commonwealth of the Northern Mariana Islands has found that the Commonwealth Casino Commission was justified in suspending the casino license of Imperial Pacific International (CNMI) LLC last April. The court’s decision, handed down by Superior...
Las Vegas Sands’ new Asian IR opportunity likely in Thailand: Bernstein
A new and potentially substantial Asian IR development allegedly on the cards for global casino giant Las Vegas Sands (LVS) is likely referring to Thailand, according to brokerage Bernstein. LVS Chairman and CEO Rob Goldstein told the Las Vegas Review-Journal...
