Monday, August 08, 2022


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Philippines GGR sees 20.8% growth in 19Q3 on VIP uptick


Philippines’ gross gaming revenue reached P55.3 billion (US$1.1 billion) in the third quarter of this year, a rise of 20.8 percent year-on-year, acc

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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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Solaire Resort posts a 46% increase in Q3 GGR


Philippines-listed Bloomberry Resorts has reported a 46 percent increase in Q3 GGR at its Solaire Resort & Casino in the Philippines, driven by hi

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Lottery service provider saw its net loss narrow in 19Q3, due mainly to a year-on-year reduction in operating expenses.  Net revenues decr

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South Korea’s casino operators see varying results in Q3


South Korea’s only locals-permitted casino, Kangwon Land, reported positive results in 19Q3, driven by an uptick in sales, though its foreigner-only

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Genting Singapore Q3 revenue and profit decline


Genting Singapore posted a decline in Q3 profit and revenue amidst what it described as a “confluence of events.”

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Everi continues growth trajectory in 19Q3


Everi Holdings logged its 13th consecutive quarter of year-on-year growth in 19Q3, attributed to the company’s product development initiatives and o

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MGM China Q3 revenue gains on Cotai growth


The addition of 25 new-to-market VIP tables at MGM Cotai helped to spur Q3 revenue growth at MGM China, though mass is seen as the prime growth opport

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Melco Q3 revenue gains, with mass at record


Melco Resorts & Entertainment reported a 16 percent gain in Q3 revenue helped by a strong performance at City of Dreams Macau and a record performance from the mass market and slots.

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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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Macau Q3 results expected to be weak, but within expectations


Third-quarter results from Macau’s six gaming concessionaires, which are due to be released towards the end of this month, are expected to be weak,

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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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Melco results hit by lower VIP


Melco Resorts & Entertainment posted lower revenue and profit for Q3, hurt in part by a decline in VIP gross gambling revenue across all its properties.

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Genting Singapore Q3 profit gains 25 percent


Genting Singapore said Q3 net profit gained 25 percent, though revenue was primarily driven by non-gaming attractions.

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Macau stocks to be weighed by weak Q3 earnings: MS


While Macau’s casinos benefited from strong visitation during Golden Week, Morgan Stanley analysts warn that weak third-quarter earnings and cuts in

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Macau’s inflection in full swing: Bernstein


Macau’s gross gaming revenue in 16Q4 is forecast to hit +7 percent year-on-year, as new projects continue to ramp up, said Bernstein in a note on Mo

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Philweb swings to P206.1m loss


Philweb Corp, an operator of e-gaming cafes in the Philippines, reported a net loss of P5.4 million (US$109,700) in 16Q3, down from a net profit of P2

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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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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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