Friday, August 12, 2022


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SkyCity sees $55m hit to EBITDA vs guidance for 2020


SkyCity Entertainment says it expects its EBITDA for the year to end June to be about $55 million lower than its previous expectations, assuming its properties remain open. 

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Genting HK flags H1 loss, executives waive pay


Genting Hong Kong, a cruise ship operator, says it expects to post an operating loss in the first half despite cost-cutting measures such as senior executives agreeing to forego their salaries until the end of the year. 

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Imperial Pacific announces temporary casino closure


Imperial Pacific International, which operates the only casino on the island of Saipan, has reportedly announced the temporary shutdown of its property from 12 a.m. on Tuesday. 

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Landing issues profit warning for full year 2019


Landing International Development has issued a profit warning to shareholders through the Hong Kong Stock Exchange warning that the firm’s full year

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Landing expects net loss for six months to June 30


Landing International has informed its shareholders that it expects to record a net loss for the six months ended June 30, due in part to a decrease i

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Star Entertainment to cut jobs as VIP revenues dwindle


Australia’s Star Entertainment Group has cut its EBITDA forecast for fiscal 2019 and says it will slash hundreds of jobs to counter the impact of a sharp slowdown in its VIP business.

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Sands China benefits from visitation, gaming growth in 2018


Strong visitation and overall growth in the Macao gaming market led to Sands China posting a 17 percent increase in profit in 2018, reaching US$1.9 bi

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Landing International to post 2018 loss


Landing International, the operator of the Jeju Shinhwa World IR in South Korea, said it expects to post a loss for 2018 after discontinuing two businesses, posting higher operating expenses and changing accounting practices.

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IPI issues profit warning for 18H1


Saipan casino operator Imperial Pacific International has issued a profit warning for the six months ended June 30, 2018. IPI said the “substanti

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Playtech issues profit warning on Asia woes


Increasing competition in Asia, coupled with a competitive pricing environment has pushed down revenue expectations for online gaming supplier Playtec

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IEC expects HK$75 million loss for FY18


Hong Kong-listed gaming and entertainment firm, International Entertainment Corp. says it is expecting to record a loss of “not more than” HK$75 m

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China Star Entertainment to post profit


China Star Entertainment, the former owner of Macau’s Hotel Lan Kwai Fong, said it will swing to a profit for the full year of 2017, compared with a

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Playtech stock drops after Malaysia warning


Shares in London-listed Playtech plunged in Thursday trading after the group warned that the ongoing crackdown on illegal gaming in Malaysia continues

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Tax changes rock Russia’s gambling sector


Russia has passed a bill that doubles tax rates for both land-based casinos and bookmakers, with even more hikes in the pipeline, raising concern the ever shifting sands of regulation are changing the outlook for the industry and threatening foreign investment. Steve...

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Success Universe expects widened loss in 17H1


Success Universe has warned investors it is expecting to record a “significant increase” in consolidated loss for the six month period ending June

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Genting HK issues profit warning for 17H1


Genting Hong Kong says it expects to record a widened net loss for the six months ended June 30, 2017, attributable to operating losses in its Crystal

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China Star Entertainment warns of loss


China Star Entertainment said it expects to post a loss in 2016 due to the downturn in service income from its gaming operations in Macau as well as a

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Landing International Development issues profit warning


Hong Kong-listed Landing International Development Ltd has warned investors it expects to record an increase in net loss for the year ended December 3

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Jumbo Interactive hit by low run of jackpots


Jumbo Interactive says it expects net profit after tax to be around A$2 million ($1.45 million), in line with the same period in 2015, according to a

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