Tuesday, August 09, 2022


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SJM reports 12.5% profit gain for 2019


SJM Holdings posted a 12.5 percent gain for 2019 and said it was in a solid position to weather the challenges posed by the Covid-19 outbreak.

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MGM China revenue up 19% in 2019, driven by non-VIP


MGM China Holdings Limited on Wednesday announced its 2019 financial results, with revenue up 19 percent year-on-year, driven by non-VIP gaming. 

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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.

LVS to dominate in Asia for the next five years


Las Vegas Sands and its Sands China unit are likely to dominate the market in Singapore and Macau for the next five years, according to a report from Bernstein.

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SJM Holdings Q3 misses estimates on weak VIP


SJM Holdings reported lower-than-expected Q3 EBITDA as VIP gross gambling revenue tumbled 43 percent in the quarter.

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Okada Manila EBITDA margin improving


Okada Manila’s EBITDA margin appears to be improving on operational changes, table pricing and an improvement in non-gaming amenities.

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Melco, MGM seen gaining market share: Bernstein


Melco Resorts & Entertainment and MGM Resorts are likely to have gained market share in Q3 as new properties ramp up, while Wynn Resorts and Galaxy Entertainment may have slipped due to their greater reliance on VIP, Bernstein analysts say.

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Sands, Galaxy retain top market share in 19H1


Sands China and Galaxy Entertainment Group retained their top position in Macau gaming market share in 19H1, according to analysts at Deutsche Bank.

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Lisboa Palace opening delayed again


SJM Holdings has pushed back the completion date of its Lisboa Palace resort on Cotai again, this time until about March next year, according to media reports.

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Sands seen gaining premium mass share


Las Vegas Sands is likely to begin gaining share in the premium mass market in the second half of this year and into next as new suites for its Londoner resort and Four Seasons hotel come on line, analysts at Bain Capital wrote in a note. 

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Mass growth outstrips VIP in Q2, takes market lead


Gross gambling revenue in Macau’s mass market sector far outstripped the long-dominant VIP segment in Q2, helped in part by a reclassification of tables following the full smoking ban that came into effect in January.

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Mass market strong in Q2 with Melco gaining EBITDA share: MS


The mass market in Macau accelerated to grow 12 percent in Q2 compared with the same period a year ago, with Melco Resorts & Entertainment increasing its share of EBITDA, according to a note from Morgan Stanley.

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SJM Q1 profit gains 16.5 percent driven by mass


SJM Holdings said Q1 profit rose 16.5 percent over the prior year to HK$850 million ($108.3 million), driven by mass market revenue.

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SJM sees Lisboa Palace completion in H1


SJM Holdings posted a 45.2 percent gain in 2018 profit attributable to owners of the company and said it expects to complete construction of its Cotai

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Unibet plans to ramp up marketing next year


Foreign online bookmaker Unibet says it will be ramping up its marketing in Australia with the aim of increasing its market share, local media reports

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Paradise VIP growth “encouraging”


South Korea’s Paradise Co., which operates foreigner-only casinos, reported that Chinese VIP volume gained 1 percent in September in the first gain

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William Hill loses market share in Australia


UBS has reiterated a ‘sell’ rating on sports betting group William Hill on Wednesday, as the group loses market share in Australia amidst fierce c

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AGTech secures 60 percent of sports lottery market share


Beijing AGTech Technology Co. Ltd, a subsidiary of AGTech has announced it has secured more than 60 percent of market share in the supply of China Spo

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Headwinds still strong for Genting Singapore


Genting Singapore, whose 2015 profit plunged by 70 percent to S$193.1 million ($138 million), is expected to suffer more pain ahead as it struggles to reposition the brand and recover from prior lending policies.  Singapore’s two casinos have both...

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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