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Genting Singapore sees 2017 profit soar by 78% Genting Singapore saw its net profit soar by 78% to SG$685.6 million in 2017, boosted by a revised commission structure for its VIP gaming business and increased visitation at Resorts World Sentosa. Combined revenue for the 12 months to 31 December grew 7% year-on-year to SG$2.39 billion, with gami...
Monday, 26 February 2018 06:50

Suncity Group reaches agreement to unfreeze RMB800 million in assets Macau junket operator Suncity Group Holdings Ltd has announced the release of frozen assets and properties valued at RMB209 million after entering into a settlement agreement in a Shenzhen court. The agreement follows a ruling by the Guangdong Province Shenzhen City Intermediate People’s Court in...
Monday, 26 February 2018 06:42

Belle Corporation declares increased cash dividend Melco Resorts’ City of Dreams Manila partner Belle Corporation has declared a regular cash dividend of Php0.12 per share for 2017, representing a total dividend payment of Php1.3 billion to shareholders. The dividend is an increase of 26% on the Php0.095 paid out for FY16. The company said the 20...
Monday, 26 February 2018 06:40

Macau visitors increase average spend by 23% in 4Q17                     - Spending by Macau visitors grew 23% year-on-year in 4Q17          - Mainland Chinese visitors spent an average of MOP$2,417          - 47.7% of visitor spend was on shopping          - Total 2017 per-capita spend grew 10.5% to MOP$1,880 Visitors to Ma...
Monday, 26 February 2018 06:02

Silver Heritage terminates consultancy agreement with Nepalese partner Australian-listed Silver Heritage Group Ltd has terminated its consultancy agreement with one of its Nepal-based partners after he publicly accused the company of failing to acquire necessary work permits for some senior staff at recently opened Tiger Palace Resort Bhairahawa. As reported by Inside...
Monday, 26 February 2018 04:30

Inside Asian Gaming takes a look back at the biggest stories of the past week Inside Asian Gaming takes a look back at the biggest stories of the past week
Friday, 23 February 2018 06:55

TGG to deploy machines on Solaire Resort & Casino’s gaming floor Hong Kong’s TGG Interactive has announced a deal with Manila’s Solaire Resort & Casino to integrate the Philippines casino operator to its Asian VIP and middle-class focused digital gaming machine library on the casino floor. In a press release, TGG said that the successful deployment at S...
Friday, 23 February 2018 05:20

Saipan gaming commissioner accuses Macau casinos of not reporting real VIP volumes The Executive Director of the Commonwealth Casino Commission (CCC), the gaming regulatory body of the Northern Mariana Islands, has attributed the comparatively enormous VIP rolling chip volumes running through Imperial Pacific International’s (IPI) Saipan casino to Macau operators failing to repo...
Friday, 23 February 2018 05:06

Macau’s Chinese New Year visitation grows 6.5% Macau’s visitor arrivals surged by 6.5% year-on-year to more than 960,000 during Chinese New Year, including around 710,000 from mainland China, according to preliminary statistics released by the Macao Government Tourism Office (MGTO). The figures cover the seven days of Spring Festival Golden W...
Friday, 23 February 2018 04:27

Crown Resorts on the rise as VIP play returns Australian casino operator Crown Resorts has seen its VIP segment rebound quickly following the release from a Shanghai jail of 16 employees last August. Releasing its financial results on Thursday for the six months to 31 December 2017, Crown revealed a 15.9% increase in VIP turnover Australia-wid...
Thursday, 22 February 2018 19:16

What's new

Genting Singapore sees 2017 profit soar by 78%

Genting Singapore sees 2017 profit soar by 78% Genting Singapore saw its net profit soar by 78% to SG$685.6 million in 2017, boosted by a revised commission structure for its VIP gaming business and increased visitation at Resorts World Sentosa. Combined revenue for the 12 months to 31 December grew 7% year-on-year to SG$2.39 billion, with gami... Monday, 26 February 2018 06:50

Suncity Group reaches agreement to unfreeze RMB800 million in assets

Suncity Group reaches agreement to unfreeze RMB800 million in assets Macau junket operator Suncity Group Holdings Ltd has announced the release of frozen assets and properties valued at RMB209 million after entering into a settlement agreement in a Shenzhen court. The agreement follows a ruling by the Guangdong Province Shenzhen City Intermediate People’s Court in... Monday, 26 February 2018 06:42

Belle Corporation declares increased cash dividend

Belle Corporation declares increased cash dividend Melco Resorts’ City of Dreams Manila partner Belle Corporation has declared a regular cash dividend of Php0.12 per share for 2017, representing a total dividend payment of Php1.3 billion to shareholders. The dividend is an increase of 26% on the Php0.095 paid out for FY16. The company said the 20... Monday, 26 February 2018 06:40

Macau visitors increase average spend by 23% in 4Q17

Macau visitors increase average spend by 23% in 4Q17                     - Spending by Macau visitors grew 23% year-on-year in 4Q17          - Mainland Chinese visitors spent an average of MOP$2,417          - 47.7% of visitor spend was on shopping          - Total 2017 per-capita spend grew 10.5% to MOP$1,880 Visitors to Ma... Monday, 26 February 2018 06:02

Current Issue

Design For Profit

Design For Profit Architect Paul Steelman provides his insights into designing the most expensive privately funded buildings on earth and making and breaking trends. By Muhammad Cohen | Editor-at-Large EMINENT casino architect Paul Steelman helped create the Asian gaming boom with the groundbreaking design of Sands... Monday, 29 January 2018 15:11

Climbing the mountain

Climbing the mountain   ASX-listed Silver Heritage Group finally launched hotel and casino operations at its new Tiger Palace Resort Bhairahawa in late 2017, having survived the 2015 earthquake, a fuel blockade on the Nepal-India border and an AU$19 million (US$14.4 million) funding shortage as a result of the delays. ... Monday, 29 January 2018 15:07

Can sportsbooks survive a 1% tax on handle?

Can sportsbooks survive a 1% tax on handle?   The big news coming out of the United States this year is the likely striking down of the federal ban on sports betting. But with many states licking their lips in anticipation of added tax dollars, the sports betting industry may well have another crippling fight on its hands. THE US Supreme C... Monday, 29 January 2018 15:05

Herman Ng:Macau Pioneer

Herman Ng:Macau Pioneer Inside Asian Gaming discovers a bit more about Herman Ng, CEO and Executive Director of Macau-based slot machine services firm Asia Pioneer Entertainment (APE). Ben Blaschke: Can you start by telling us a bit about yourself and your background? Herman Ng: I grew up in Macau and then when I was 16 ... Monday, 29 January 2018 14:52