Wednesday, June 29, 2022


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Playtech Q1 results boosted by higher trading volumes


Online gaming provider Playtech plc reported strong results during the Jan 1 to Apr 30 period, with its businesses, particularly TradeTech benefitting

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Genting SG pessimistic over the remainder of 2020


Genting Singapore said it remains pessimistic on its outlook for the remaining year, with its flagship property Resorts World Sentosa being “severel

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Wynn seen leading Q1 EBITDA growth: MS


Wynn Resorts is expected to post the highest growth in property EBITDA for Q1, with MGM Resorts lagging Macau’s operators, according to Morgan Stanl

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Bloomberry posts record 2017 results, Q4 hit by low hold


Shares in Bloomberry Resorts jumped 3.5 percent in Manila after the operator posted record results for 2017, though its gaming revenue and EBITDA in t

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Deutsche trims Wynn share price target


Deutsche Bank has cut its share price target for Wynn Resorts to $215 from $221, though the firm reiterates its buy rating and says all indications po

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MGM China Q4 revenue gains, led by mass


MGM China’s Q4 revenue gained 10 percent, pulled up by the mass market, which benefited from a gain in both volume and hold percentage. Net revenues

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Wynn Macau operations rebound in 17Q2


Wynn Resorts’ Macau operations have posted a 57.5 percent increase in net profit for the second quarter of 2017, reaching US$102.6 million, boosted

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IGT 17Q1 results lower than expected


Interactive and lottery giant IGT reported lower than expected results for the first quarter of 2017, due in part to underperformance of its internati

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Macau stock rally seen losing steam


Macau’s gaming stocks have rebounded to trade at two-year highs, tracking the recovery in gross gaming revenue, however analysts warn against over optimism, saying growth may be nearing its peak, at least in the short term.

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Margin pressure seen rising as VIP gaming picks up


Macau’s casino operators are likely to facing increasing margin pressure in 2017 as overall costs rise and promotional pressures gain with the uptic

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Travellers 16Q3 profit surges, RWM phase 3 to open 2018


Travellers International Hotel Group Inc., the operator of Resorts World Manila, has posted a 153 percent year-on-year rise in net income for the thir

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Silver Heritage may miss 2016 forecasts


Australia-listed Silver Heritage Group has advised the market that it may likely fall short of its 2016 total revenue and adjusted EBITDA forecasts th

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Galaxy net profit up 28 percent in Q3


Macau casino operator Galaxy Entertainment Group posted a 28 percent year-on-year rise in net profit in the third quarter of 2016, above analyst expec

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GGR stabilizing but soft recovery ahead: Fitch


Fitch’s Alex Bumazhny said that the firm is projecting approximately a 5 percent decline in Macau gaming revenue for 2016. Year-to-date revenues are

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Resorts World Sentosa cuts 400 jobs


Genting Singapore’s Resorts World Sentosa is cutting close to 400 casino employees as the company continues to face headwinds from falling revenue,

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Genting HK reports jump in net profit to US$2.1 billion


Genting HK has reported group profit at US$2.1 billion in 2015, compared with US$374.1 million in 2014, according to a recent filing to the Hong Kong

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Crown Resorts reports varied performance across businesses in 2015


Crown Resorts Limited reported a net profit of A$205 million (US$147.7 million) for the half year ended Dec. 31, 2015, down 22.1 percent compared to t

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Donaco net profit jumps to A$13.4 million in second half year of 2015


Australian-listed Donaco International reported a 230 percent increase in net profit after tax at A$13.4 million (US$9.6 million) for the half year en

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Ceasars Entertainment revenue increases 14.7 percent in 2015


Caesars Entertainment says net revenues increased 14.7 percent to US$4.5 billion driven by increased performance of their hospitality offerings as wel

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