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SJM reports 12.5% profit gain for 2019

2020-03-16

SJM Holdings posted a 12.5 percent gain for 2019 and said it was in a solid position to weather the challenges posed by the Covid-19 outbreak.

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Poker King Club opens in Paradise Busan casino

2019-10-14

Suncity Group’s Poker King Club has teamed with South Korea’s Paradise Co. to open a poker room in the operator’s casino in Busan.

New SilkRoad Jeju casino H1 revenue rises 16.2 percent

2019-08-28

Hong Kong-listed New Silkroad said revenue at its South Korean casino, on Jeju island, posted a 16.2 percent gain in revenue in the first half, driven by VIP gamers.

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Travellers Q2 net halves despite revenue gains

2019-08-13

Travellers International Hotel Group posted an almost 52 percent drop in Q2 net profit as costs rose and a one-time gain reported last year wasn’t repeated, though revenue growth was strong.

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Genting Singapore Q2 misses expectations

2019-08-02

Genting Singapore’s Q2 net profit fell by 5 percent, missing analysts’ expectations, dragged down by a poor performance in the mass market and higher bad debt levels. 

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Operators eye Thai potential

2019-08-02

Thailand’s ongoing ban on all forms of gambling is proving a gold mine for casinos elsewhere in the region, with a growing number taking steps to specifically target the Thai VIP base. 

Crown denies criminal allegations as probe widens

2019-07-31

The board of Crown Resorts has issued a strong rebuttal of allegations that it is linked to criminal figures who may be laundering money through Australian casinos, though the probe into its operations has now widened to include the country’s most powerful...

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Summit Ascent expects interim profit

2019-07-24

Summit Ascent Holdings, the operator of the Tigre de Cristal, in Russia’s Primorye gaming zone, said it expects to post a profit for the first half of this year, compared with a loss the same period in 2018. 

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Operators not showing confidence in VIP, Morgan Stanley says

2019-05-21

None of Macau’s operators, or junkets, are showing confidence that VIP trends or demand are organically improving, despite positive macro leading indicators, analysts at Morgan Stanley wrote after a recent trip to the territory.

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Bright future seen for gaming growth

2019-05-17

Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.

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Travellers Q1 revenue rises, though net profit drops on higher expenses

2019-05-10

Travellers International Hotel Group reported a 46.5 percent gain in net revenue for Q1, helped by gaming and non-gaming activities, though net profit fell as costs rose.

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Can Corona lure in the locals?

2019-05-03

On first glance, the island of Phu Quoc, with a population of just 100,000, would appear to be an unusual destination for arguably Vietnam’s most significant casino development to date.

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Silver Heritage sees improving revenue in Nepal

2019-04-30

Silver Heritage say business improved substantially in the quarter to end-March at both its Tiger Palace Resort in Bhairahawa and at its operations in Kathmandu.

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Of silver linings and inconvenient truths: Singapore casino expansion

2019-04-12

Singapore’s two integrated resorts will cast a longer reflection on the island state but new shadows cloud the horizon across the southern shoreline.

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Travellers International 2018 revenue gains on VIP gaming

2019-03-28

Travellers International Hotel Group, the operator of Resorts World Manila, reported a 16.9 percent increase in gross gambling revenue for 2018, boost

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Bloomberry posts record 2018 results

2019-03-05

Bloomberry Resorts, operator of the Solaire Casino & Resort, posted record EBITDA and net profit for 2018, driven by record gross gambling revenue

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Melco 18Q4 results above estimates

2019-02-19

Melco Resorts & Entertainment reported a 5 percent gain in Q4 revenue, attributing the increase to higher group-wide rolling chip and mass market table games revenue.

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Naga 2018 profit soars, outlook seen positive

2019-02-13

NagaCorp posted a 53 percent increase in net profit for 2018 as all business segments reported strong growth, led by VIP gaming.

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Casino boom attracts junket interest

2019-02-08

Cambodia’s casino boom is continuing, with a 53 percent increase in licenses granted during 2018 and growing interest from Macau-based operators and junkets as Chinese tourism and investment surges.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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