Scientific Game

Daily News

Korean state-owned casino operators tumble in annual government performance assessment Korean casino operator Grand Korea Leisure (GKL) has received the lowest possible E grade in the government’s annual evaluation of management performance among public institutions. GKL was one of two companies to receive the low mark alongside Korea Coal Corporation, with the evaluation focusing ...
Thursday, 21 June 2018 06:47

Macau floating casino developer never signed final contract with operator: report The company flagged to help develop and build Macau’s first floating hotel and casino – The Dragon Pearl Casino Hotel – has revealed that it never managed to sign a final contract for the ambitious project with operator Dragon Corp. As revealed by Macau News Agency this week, Norway’s Brova...
Thursday, 21 June 2018 06:18

Macau’s Emperor Entertainment confident in prospects despite 8.1% gaming decline Macau casino operator Emperor Entertainment Hotel Limited, which runs the Grand Emperor Hotel and Inn Hotel Macau, has declared its future prospects bright despite a 7.1% decline in revenue for the year ended 31 March 2018, including an 8.1% fall in revenue from gaming operations. Emperor Entertain...
Thursday, 21 June 2018 05:23

Japan extends Diet session to pass long-awaited IR bill Japan’s lower house has voted to extend the current Diet session until 22 July in order to pass key legislation, including the long-awaited IR Implementation Bill. The IR bill passed through the lower house on Tuesday but was in danger of stalling again with the standard 150-day Diet session orig...
Wednesday, 20 June 2018 18:50

Resorts World Manila to launch the Philippines’ first Ritz-Carlton By Muhammad Cohen Resorts World Manila (RWM) is set to become home to the Philippines’ first Ritz-Carlton. Inside Asian Gaming has learned that as a key part of RWM’s multi-million makeover, the current Maxims hotel is being converted into a Ritz-Carlton with the launch date scheduled for late...
Wednesday, 20 June 2018 06:14

NagaCorp boss increases majority stake NagaCorp CEO Chen Lip Keong has increased his shareholding in the company with the purchase of 5.4 million shares for a total consideration of HK$39.6 million. In a filing to the Hong King Stock Exchange overnight, NagaCorp said that Dr Chen had completed the on-market purchase of the shares, lifti...
Wednesday, 20 June 2018 05:54

PhilWeb adds two new eGames sites to portfolio Philippines gaming services provider PhilWeb Corporation has acquired two PAGCOR eGames sites in Consolacion and Lapu-Lapu City in Cebu through its subsidiary BigGame, Inc. The sites were acquired from Golden Frontier Gaming, PhilWeb announced, for a cash payment of Php2.5 million plus 394,322 comm...
Wednesday, 20 June 2018 05:52

Paradise Entertainment buys 33,000 square feet of Macau warehouse space Macau-based casino operator and electronic gaming machine manufacturer Paradise Entertainment Limited has entered into an agreement to purchase six units of warehouse space on the Macau Peninsula for a total consideration of HK$128.5 million. In a filing to the Hong Kong Stock Exchange, the company...
Tuesday, 19 June 2018 21:17

Hainan casino operations to be met with “harsh reaction” from authorities Any attempts by resorts on the Chinese holiday island of Hainan to launch gambling operations would be met by an “immediate and harsh reaction from authorities” – quashing any theoretical impact on Macau’s casinos. So says Union Gaming’s Head of Equity Asia Research, Grant Govertsen, in r...
Tuesday, 19 June 2018 20:11

Japan’s lower house passes IR Implementation Bill Japan’s casino legislation has taken a giant step forward after the lower house officially passed the IR Implementation Bill on Tuesday, paving the way for the nation’s first integrated resorts. The bill will now head to the upper house where the ruling Liberal Democratic Party will try to pass...
Tuesday, 19 June 2018 16:43

What's new

Vietnam police crack second illegal online gambling ring

Vietnam police crack second illegal online gambling ring Vietnam police have cracked a major online gambling ring which attracted bets of more than US$26 million from Vietnamese players. According to a report in VnExpress, a website named 12bet was at the center of the illegal ring offering sports betting, online casino games and lottery products. Polic... Monday, 25 June 2018 06:24

International Entertainment Corp looks to broaden horizons after increased 2018 losses

International Entertainment Corp looks to broaden horizons after increased 2018 losses Hong Kong-listed International Entertainment Corporation (IEC) has touted diversification of its business through new gaming and sports related opportunities as the way forward after announcing losses of HK$67.3 million for the year ended 31 March 2018. The loss represents a 61.0% increase on the c... Monday, 25 June 2018 05:53

Macau visitor arrivals up 5.2% in May

Macau visitor arrivals up 5.2% in May Macau attracted 2,704,745 visitors in May, an 8.7% decline on April numbers but up 5.2% year-on-year according to figures released by the Statistics and Census Service (DSEC). The sequential fall has been attributed to one less weekend in the calendar month compared to 2017 due to the golden week w... Monday, 25 June 2018 05:49

Macau GGR on track to soar in June and beyond after slow May: analysts

Macau GGR on track to soar in June and beyond after slow May: analysts Macau’s June gross gaming revenue is on target to grow 20% compared to the same period last year, buoyed by the annual dragon boat festival and the opening of Morpheus at City of Dreams, according to financial services firm Morgan Stanley. In a Friday note addressing weaker than anticipated mass ... Monday, 25 June 2018 05:40

Current Issue

Tribal Ambition

Tribal Ambition By Muhammad Cohen and Ben Blaschke   Mohegan Gaming and Entertainment CEO Mario Kontomerkos believes the Native American casino operator has two aces in the hole for Japan, especially when it comes to the so-called regional markets beyond major areas. In his presentation at last month’s Japan ... Monday, 04 June 2018 20:55

Social Gathering

Social Gathering By Shaun McCamley   Social casino gaming is booming. In 2017, the global social gaming industry generated a whopping US$106 billion in revenues, with the social casino segment generating US$4.5 billion in revenues. Not surprisingly China, Japan and Korea generated 90% of the games revenue in the... Monday, 04 June 2018 20:44

Redefining Tourism

Redefining Tourism By Muhammad Cohen   In an era when tourism constitutes a growing portion of the global economy, integrated resorts present a potent although frequently misunderstood means for growing visitor arrivals and revenue. It’s not simply the casino but their range of attractions that make IRs such powe... Monday, 04 June 2018 20:37

Japan IR Timeline

Japan IR Timeline By Ben Blaschke   What year for Japan’s first IR? It’s a question that continues to divide industry stakeholders, the answer further clouded by the substantial disparity in opinion offered at last month’s Japan Gaming Congress (JgC) in Tokyo. At the nearer end of the scale, members of the... Monday, 04 June 2018 20:27