Thursday, July 07, 2022


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Aristocrat may have acquisition opportunities: JP Morgan


Aristocrat Entertainment is likely to emerge from the current crisis with a larger land-based footprint in the medium-term and may be well placed to expand through acquisitions of weaker rivals, JP Morgan said in a note.

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Aristocrat logs 29 percent rise in net profit in FY2019


Slot and gambling machine maker Aristocrat Leisure saw its profits after tax rise by nearly 29 percent in the one-year period to the end of September, reaching almost A$700 million (about US$476 million). The company’s total sales were nearly A$4.4 billion.

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Melco, MGM outshine peers in Q3


Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.

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Genting U.S. expansion raises eyebrows


Genting Malaysia is pushing ahead with its overseas expansion plans, though analysts its acquisition of Empire Resorts will weigh on long-term earnings. 

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Genting settles lawsuit with Fox, Disney


Genting Malaysia said it has settled all legal proceedings with Fox Entertainment Group and its related companies and as a result will be permitted to use some Fox intellectual property in an outdoor theme park that is under development.

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Summit Ascent expects interim profit


Summit Ascent Holdings, the operator of the Tigre de Cristal, in Russia’s Primorye gaming zone, said it expects to post a profit for the first half of this year, compared with a loss the same period in 2018. 

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Genting Malaysia seeks cost cuts to offset tax upsets


Genting Malaysia has been forced into cost cutting mode to offset the negative impact of recent tax rulings, though analysts still expect 2019 to be another tough year for the country’s only operator.

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Queen’s Wharf hotels to drive A$43 mln EBITDA per year


Additional hotel capacity at the Queen’s Wharf project will see the Star Entertainment Group (SGR) generate an additional A$43 million (US$30 millio

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SkyCity’s FY19 earnings growth to beat expectation


New Zealand casino operator SkyCity is expected to report better-than-expected growth in normalized earnings after a strong six months ended December

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RHB maintains ‘buy’ call on Genting


Malaysian brokerage RHB Research on Wednesday announced it is maintaining its “buy” call on Genting Singapore, due to its potential Japan expansio

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Genting outlook dimmed by lawsuit, tax hikes


A more than $1 billion legal dispute with Walt Disney Co. and Fox Entertainment over a planned theme park is capping off a roller coaster of a year for Genting Malaysia, with analysts slashing their forecasts for the group.

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Scientific Games net loss widens, revenue gains


Scientific Games reported its Q3 net loss widened due to restructuring and other charges, though revenue gained. Revenue was up 7 percent to $821.0

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Wynn guidance overshadows strong Q3


Wynn Resorts posted strong Q3 results, but provided weaker-than-expected guidance for the final quarter of the year, prompting some analysts to scale back their forecasts.

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Century Casinos 16Q4 earnings surge


Century Casinos, which operates properties in the U.S., Canada and on a cruise ship in Asia, reported strong 16Q4 results, boosted by higher revenue i

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VIP to drive Tigre De Cristal earnings


Hong Kong-listed Summit Ascent Holdings Ltd is expected to hit “mid-teens” EBITDA growth in 2017 and 2018, and outsized growth in 2020 following P

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Paradise Sept. casino sales gain 19 percent


South Korea’s Paradise Co. posted a 19 percent jump in September casino sales compared with the same month a year ago, led by table games. In a regu

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Star Entertainment shows strong earnings growth in FY16


Australia-listed Star Entertainment Group says strong earnings growth continued in its full year 2016, with good revenue growth across all lines of bu

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GKL posts 38.1 percent jump in 16Q2 profit


Casino operator Grand Korea Leisure Co Ltd (GKL) reported a 38.1 percent year-on-year increase in net income to KRW25.6 billion (US$23.1 million) in 1

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MGM China Q1 posts results shy of forecasts, sees stabilization


MGM China posted a steep drop in Q1 earnings and revenue, but joined the growing chorus of Macau operators in saying they see signs of stabilization i

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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