Archive

_2020-10-08
The simplification of visa procedures for Chinese visitors is key to drive a more robust recovery in Macau, where this year’s Golden Week figures proved disappointing, according to a note from Bernstein Research.

_2020-10-05
NagaCorp said the momentum it has seen on its gaming floors since reopening to the public in August appears to have been sustained through to end September, led by the mass market.

_2020-10-05
Russian President Vladimir Putin has signed a bill into law that will require casino operators to step up their identification of patrons in a bid to improve tax revenue.

_2020-09-23
Ainsworth Game Technology said it will prudently invest in research and development to position itself for a long-term post-pandemic recovery.

_2020-09-20
Bloomberry Resorts is expected to break even on an EBITDA level by Q4 due to cost cuts and support from the local market, according to analyst Michael Ting, who publishes on Smartkarma.

_2020-09-17
Ha Tien Vegas is the latest of Cambodia’s casinos to restart, with plans to open its doors from Friday, September 18th.

_2020-09-15
Dream Sports, the parent company of Dream11, has secured new funding worth $225 million, valuing the fantasy league company at $2.5 billion. 

_2020-09-15
Hotel occupancy rates in the run up to and during the Golden Week holiday are seeing “meaningful” improvement, but average daily rates remain weak, Morgan Stanley says in a note. 

_2020-09-11
Real money games in India are the “next big segment” seeing compound average growth of 40 percent a year, according to a report from Bernstein Research.

_2020-09-09
A $9.4 million claim by the Commonwealth of Northern Marianas Islands’ tax department should come before the claims of former contractor Pacific Rim Development in a legal dispute, local media reports the Office of the Attorney General as saying.

_2020-09-08
Kangwon Land outperformed South Korea’s foreigner-only casinos in 2019, with turnover rising 5.8 percent compared with a drop of 10.9 percent for 16 other properties.

_2020-09-01
Donaco International said it has seen “significant progress” in moves towards reopening borders in Southeast Asia and its two casinos will be ready to resume operations as soon as the situation warrants.

_2020-08-27
Malaysian supplier RGB International swung to a loss in Q2 as Covid-19 forced the closure of its servicing centres and it sold fewer products.

_2020-08-25
Guangdong province, the largest source market for Macau, started accepting applications for tourism visas to the Special Administrative Region on Tuesday. 

_2020-08-25
Vietnam’s eight operational casinos have doubled their revenue in the past three years, from VND1.19 trillion in 2017 to VND2.5 trillion in 2019, according to Ministry of Finance figures cited by local media. 

_2020-08-17
Macau’s six operators are likely to be able to break even on the EBITDA level by mid-Autumn as China renews individual visit scheme visas, according to Bernstein Research.

_2020-08-11
The Gaming Association of New Zealand has criticized a report released this week that claims the gambling sector is costing industry millions, saying it is a serious misrepresentation of the facts.

_2020-08-06
Genting Singapore is seeking to cut costs by about 20 percent to 30 percent after suffering its worst quarterly loss since it opened Resorts World Sentosa.

_2020-07-29
The latest border easings between China and Macau are a positive step but will have limited impact on gross gambling revenue, analysts said.