Archive

_2015-02-26
Morgan Stanley Research analysts have downgraded Genting Singapore’s stock rating to equal-weight after weak Q4 results. With reported adjusted EB

_2015-02-26
Macau’s junket market is expected to shrink further in 2015 amid tight liquidity and falling VIP revenue, with some analysts warning that the system that helped create the world’s biggest gambling hub may be near broken. The number of licensed gaming...

_2015-02-26
A key Supreme Court hearing that may finally set the framework for legal gambling on games of skill in India has been delayed once again.  The court was to hear whether the game of rummy, online or offline, could be played for profit on January 14th,...

_2015-02-24
The Commonwealth of Northern Marianas Lottery has approved Imperial Pacific International Holdings’ live training center concept, under which the $

_2015-02-23
Australian electronic gaming company eBet Ltd. announced strong results for the six months ending December 31 2014, with net profit after tax increas

_2015-02-22
Australia’s Tatts Group reported a 14.6 percent increase in half-year net profit after tax following strong digital sales, the company announced.

_2015-02-22
The Australian sports betting site, Favourit, has experienced strong growth in the UK since launching in November, the company announced. Favourit,

_2015-02-22
By David Rittvo*  As the Japan Diet begins its winter 2015 session, there is renewed anticipation for the passage of the Draft Integrated Resort legislation. Although the previous special session ended without the passage of the bill, there have been...

_2015-02-22
Nepal’s casino industry is showing signs of life after shutting down for nearly a year for failing to comply with new regulations, but the recent opening of two foreign-funded ventures may be masking continuing underlying problems. In early February,...

_2015-02-17
MGM Resorts International posted worse-than-expected Q4 results as Macau revenue fell, but said its MGM China unit will pay a special dividend. The

_2015-02-16
Macau table-only GGR calculations for the first two weeks of February by Sterne Agee amount to $1.14b, indicating a year-over-year monthly result of

_2015-02-16
China’s online sports-lottery operator, 500.com Ltd, reported a 44 percent drop in operating profit in the fourth quarter last year as it struggle

_2015-02-16
Macau’s Galaxy Phase 2 may only be granted up to 150 new gaming tables, far less than what it can accommodate, USB analysts argue. “There have b

_2015-02-15
Australia’s High Court declined to grant Tabcorp special leave to appeal a judgment made in July ordering the company to pay a levy on its former g

_2015-02-15
Sega Sammy Holdings announced a corporate restructuring that will lead to the loss of 300 jobs in Japan. “With the number of regular employees pla

_2015-02-15
Grand Korea Leisure Co. Ltd. reported a 57 percent year-on-year increase in the number of players from China during the fourth quarter 2014. Grand K

_2015-02-12
Junket operator Suncity Group Ltd may open its VIP gaming room in the Wynn Macau by the end of this week, Union Gaming Research Macau said. The rese

_2015-02-12
Melco Crown Entertainment posted Q4 results that missed expectations as both rolling chip revenue and mass market revenue declined. Net revenue for

_2015-02-12
Hong Kong's Chow Tai Fook Enterprises plans to invest $2.6 billion to build a casino resort near South Korea's largest airport, local authorities sai

_2015-02-12
Melco Crown Entertainment’s Altira Macau and Crown Towers casinos have once again received the Forbes Travel Guide Five-Star Awards, taking the tot

_2015-02-12
Macau Legend Development’s CEO David Chow Kam Fai said the Macau government should make the gambling industry accessible to new investors to make i

_2015-02-12
The Harbourview Hotel, with 389-rooms and modeled on 18th century Prague architecture, has opened in Macau, marking the first of several non-gaming r

_2015-02-12
SkyCity Entertainment Group is optimistic about its prospects, but analyst reactions to its latest results have been lacklustre, while a major project designed to boost growth at home is facing difficulties. The company, which operates four casinos in...

_2015-02-12
Published in: Latest Intelligence The Hong Kong Jockey Club is boasting a world-first application of technology originally used in derivative financial markets, and innovation experts say has the potential to revolutionize pari-mutuel wagering and in...

_2015-02-05
Published in: Latest Intelligence Sri Lanka’s new government has put a stop to three new gaming projects, including one by Australia’s Crown Resorts, slamming the door on what had been seen as an exciting new Asian casino market.    A mini-budget...

_2015-02-05
Published in: Latest Intelligence Hengqin, an island 200 meters from Macau, yet three times its size, is being touted as a game-changer for the world’s biggest gambling hub and a catalyst for the future growth of its casino industry.   It is part...