Archive

_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.

_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.

_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.

_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.

_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. 

_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. 

_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...

_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. 

_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.

_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.

_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.

_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.

_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.

_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.

_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

_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

_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.

_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.

_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.