Monday, June 27, 2022


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SkyCity cuts forecasts as fire, Coronavirus hit


SkyCity Entertainment, New Zealand’s only listed gaming company, has cut forecasts for the year and says the near-term outlook is gloomy, as it grap

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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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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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Casino firms not hitched to social capital bandwagon


There is a growing trend towards businesses founded on the premise of social capital, though despite their enormous profits, most casino firms have yet to sign on.

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Improving customer experience to drive profit


Over the last fifteen years or so, much has been written about the primacy of customer experience to bolster organizational growth and profitability. Pretty much every large organization claims to compete on the basis of customer experience (CX). Yet,...

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World Cup draws record bets but predictable final damps profit


With the football World Cup finally at a close, Russian bookies are finding their profits are lower than expected, despite a surge in volume. Russi

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Seeking wind for top-line sales


In the words of Las Vegas Sands Chief Operating Officer Rob Goldstein, “Singapore is a wonderful success story, but at this point it's just a very large producer of EBITDA without growth prospects in the near future.” Although management did a sterling...

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Wynn Palace continues to drive performance in 17Q4


Casino operator Wynn Macau saw its net profit increase more than 300 percent in the fourth quarter of 2017, reaching $187.2 million, according to a re

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Berjaya Sports Toto Q2 revenue drops 5 percent


Berjaya Sports Toto said Q2 revenue fell almost 5 percent, dragged down by a weak performance at its H.R. Owen car sales unit and International Lotter

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Results improve as cost cutting, debt control kicks in


Singapore’s two gaming operators reported an improvement in Q2 results, helped by cost controls, lower bad debts and higher premium play, though analysts see few catalysts for significant expansion of the market. In 2007, Singapore granted Las Vegas...

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Star Group posts record statutory earnings in FY17


Australia-listed Star Entertainment Group reported record statutory earnings for the 2017 financial year, helped by strong domestic revenue growth in

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MGM China profit hurt by weak mass and VIP revenue


MGM China posted a one percent decline in 17Q2 revenue as mass floor table games income fell two percent, while VIP gained just one percent. The compa

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Taking stock


Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts...

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Genting Malaysia profit rises two-fold in 17Q1


Casino operator Genting Malaysia Bhd recorded a two-fold rise in net profit in the first quarter of 2017, aided by lower foreign exchange losses on it

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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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Konami revenue down 8 percent in FY17


Konami Holdings Corp reported a 8 percent decline in total revenue for the year ended March 31, 2017, though gaming and systems revenue fell 3 percent

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Sands China 17Q1 profit jumps 11.5 pct


Macau casino operator Sands China reported an 11.5 percent year-on-year increase in profit to US$349 million in the first quarter of 2017, compared to

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Silver Heritage posts $3.96 mln revenue in 17Q1


Asian casino operator Silver Heritage Group Ltd has posted first quarter revenue of US$3.96 million, according to the company's latest filing to the A

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Tabcorp confirms dividend target after AUSTRAC accord


Tabcorp said it is maintaining its dividend targets this year after a Federal Court approved a A$45 million ($35 million) penalty to settle a case wit

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