Monday, August 08, 2022


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Okura 2019 profit, revenue decline


Okura reported lower 2019 revenue after closing some of its parlours after rule changes reduced the gaming element of the machines, cutting their appeal.

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Ainsworth 2019 results “relatively weak”


Ainsworth Game Technology announced a 66 percent drop in 2019 profit, with Chief Executive Laurence Levy calling the results “relatively weak,” with room for improvement.

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SkyCity tackles licensing hurdles


SkyCity Entertainment is grappling with capacity issues, as licensing regulations in New Zealand make expansion of its properties difficult. 

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Tabcorp FY revenue up 8.7 percent on lottery/keno


Tabcorp posted an 8.7 percent increase in revenue in the first full year after combining with Tatts Group, with a strong contribution from its lottery and keno division.

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SkyCity posts flat annual profit


New Zealand hotel and casino operator SkyCity Entertainment Group has reported flat normalised earnings and profit in full year financial results released on Wednesday.

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South Shore Holdings loss widens on impairments


South Shore Holdings, operator of The 13 ultra-luxury hotel in Macau, reported that its loss for the year to end-March rose to HK$5.84 billion ($742 million) from $1.57 billion the prior year.

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Amax sees “obvious increase” in FY2019 loss


Amax International said it expected to report an “obvious increase” in its loss for the year to end-March 2019, although it stressed the shortfall is due to one-off impairments that don’t affect the cash flow of the business.

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Travellers International 2018 revenue gains on VIP gaming


Travellers International Hotel Group, the operator of Resorts World Manila, reported a 16.9 percent increase in gross gambling revenue for 2018, boost

New Silkroad swings to profit for 2018, casino business gains


New Silkroad swung to a profit in 2018 and posted an almost 60 percent gain in revenue on sales from its South Korean casino business, the sale of win

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Paradise swings to 2018 profit


Paradise Entertainment swung to a profit in 2018, helped by an increase in revenue from casino management services at its Kam Pek Paradise casino and

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APE 2018 revenue jumps 27 percent


Asia Pioneer Entertainment has posted a 27 percent increase in 2018 revenue, driven mainly by consultancy services and lease sales in Cambodia and the

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Summit Ascent VIP has potential to nearly double by 2020: Union Gaming


Summit Ascent Holdings, which operates the Tigre de Cristal property in the Primorye gaming zone in Russia, has the potential to almost double its VIP

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Suncity warns of 2018 loss


Suncity Group Holdings, Macau’s largest junket operator, has warned it will post a loss for 2018, swinging from a profit the prior year. In a fil

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Bloomberry posts record 2018 results


Bloomberry Resorts, operator of the Solaire Casino & Resort, posted record EBITDA and net profit for 2018, driven by record gross gambling revenue

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Clairvest investment funds decline slightly to $668 million


According to its 2018Q4 financial report, the Clairvest Group of Canada, now seeking an IR license in a Japanese regional market, had C$890.7 million

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Melco International EBITDA jumps 80 percent


Melco International Development said its EBITDA for 2017 soared 80 percent after benefiting from full control of its Melco Resorts & Entertainment uni

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Wynn Macau profit drops, but revenue gains on VIP gaming


Casino operator Wynn Macau posted a 40 percent year-on-year decline in 2016 net profit, but posted higher revenue, driven by VIP gaming at its new Wyn

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Success Universe sees improvement in Macau, looks for new opportunities


Success Universe says it’s optimistic about the long-term future for the Macau gaming industry, with the expansion in the mass sector pointing to mo

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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