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
Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.
Philippines-listed Bloomberry Resorts has reported a 46 percent increase in Q3 GGR at its Solaire Resort & Casino in the Philippines, driven by hi
Lottery service provider 500.com saw its net loss narrow in 19Q3, due mainly to a year-on-year reduction in operating expenses. Net revenues decr
South Korea’s only locals-permitted casino, Kangwon Land, reported positive results in 19Q3, driven by an uptick in sales, though its foreigner-only
Genting Singapore posted a decline in Q3 profit and revenue amidst what it described as a “confluence of events.”
Everi Holdings logged its 13th consecutive quarter of year-on-year growth in 19Q3, attributed to the company’s product development initiatives and o
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
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.
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.
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,
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
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.
Genting Singapore said Q3 net profit gained 25 percent, though revenue was primarily driven by non-gaming attractions.
While Macau’s casinos benefited from strong visitation during Golden Week, Morgan Stanley analysts warn that weak third-quarter earnings and cuts in
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
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
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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