Japan’s Pixel Companyz names European casino operator Groupe Partouche as new IR partner
Japanese fintech and renewable energy firm Pixel Companyz has announced French casino operator Groupe Partouche as its new consortium partner to develop an integrated resort in Japan. According to a Friday press release, the two will work together alongside other...
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Galaxy achieved 25% improvement in cost controls in 2Q: Francis Lui
Galaxy Entertainment Group Vice Chairman Francis Lui says Galaxy has managed to reduce its daily operating costs by more than 25% to around US$2.5 million between the first and second quarters of 2020 as it looks to navigate the COVID-19...
COVID-19 reboot an opportunity to achieve greater gender equality
Women in Gaming and Hospitality Australasia (WGHA), a not for profit organization striving to achieve inclusiveness within the industry, says COVID-19 represents an opportunity to achieve equality of outcomes within their workforce. In a statement issued Thursday, WGHA CEO Helen Galloway...
CNMI regulator says Imperial Pacific must pay US$15.5 million license fee
The Commonwealth Casino Commission of the CNMI has promised to seek all remedies available to chase payment of money owed by Imperial Pacific International (CNMI) LLC after the Saipan casino operator revealed this week it couldn’t meet the 12 August...
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G2E Asia cancels 2020 events in Macau, Philippines
Organizers Reed Exhibitions and the American Gaming Association have announced the cancellation of both G2E Asia and G2E Asia @ the Philippines due to ongoing global travel restrictions as a result of COVID-19. Originally scheduled to be held in May,...
Dry run Manila casino ops give Bloomberry slight GGR kick but can’t prevent US$96 million loss
Bloomberry Resorts Corporation reported a 92% year-on-year decline in net revenue to Php940.9 million (US$19.3 million) in the second quarter, impacted by the ongoing closure of gaming operations in Metro Manila to stop the spread of COVID-19. The results included...
COVID-19 impact sees Galaxy Entertainment Group fall to HK$1.37 billion Adjusted EBITDA loss in 2Q20
Galaxy Entertainment Group (GEG) slipped to an Adjusted EBITDA loss of HK$1.37 billion (US$177 million) in the three months to 30 June 2020, down from a profit of HK$4.33 billion (US$559 million) in 2Q19 on a 91% fall in net...
