Scientific Game

Daily News

Japanese government proposes ¥2,000 (US$19) casino entry fee Japan’s ruling Liberal Democratic Party (LDP) has proposed charging residents a ¥2,000 fee, equivalent to US$19, to enter the nation’s casinos. According to reports by local media, the fee would apply to all Japanese residents regardless of nationality but would not be charged to foreign touris...
Thursday, 22 February 2018 06:06

Dallmeier claims successful European launch for innovative CAT system Casino solutions provider Dallmeier has hailed this year’s ICE Totally gaming trade show and exhibition a huge success after showcasing its new Casino Automation Technology (CAT) for the first time in Europe. “Our new CAT product was extremely well received by the major European casino operator...
Thursday, 22 February 2018 05:29

GPI announces new licensing and development agreements Casino currency supplier GPI has announced global licensing and development agreements with BrainChip and Xuvi to develop its advanced Automated Table Solution (ATS). ATS combines GPI’s SMART RFID and CIS with BrainChip’s accelerated solutions for artificial intelligence (AI) applications, and ...
Thursday, 22 February 2018 05:21

PhilWeb approved to deploy gaming system in 21 more Pagcor sites Philippines gaming services provider PhilWeb Corporation has been granted permission by gaming regulator Pagcor to deploy its Electronic Gaming System (EGS) to an extra 21 gaming sites nationwide. The deployment, which will see the company convert the sites from InstaWin EGS to PhilWeb’s EGS, mor...
Thursday, 22 February 2018 05:10

MGM Cotai’s The Mansion luxury villas to open in September MGM Cotai’s ultra-luxury The Mansion villas are unlikely to open until September, according to MGM China CEO and Executive Director Grant Bowie. Speaking during parent company MGM Resorts’ fourth quarter and full year 2017 earnings call this week, Bowie said that The Mansion – a private encla...
Thursday, 22 February 2018 04:40

Landing International given green light to move casino operations to HK$11.7 billion Jeju integrated resort Landing International Development Limited has announced that it will relocate Landing Casino to its HK$11.7 billion Korean integrated resort Jeju Shinhwa World this week after receiving conditional government approval. In a filing to the Hong Kong Stock Exchange overnight, Landing International sa...
Thursday, 22 February 2018 04:21

Strong fourth quarter results drive MGM China growth in 2017 MGM China saw its revenue grow 3.0% for Full Year 2017 to HK$15.4 billion, aided by strong fourth quarter results in which net revenue rose 10% year-on-year and 17% sequentially to HK$4.6 billion. Casino revenue at MGM Macau contributed the vast majority of MGM China’s revenue for the 12 months t...
Wednesday, 21 February 2018 06:49

Japan casino tax rate could be as high as 50%, floor space and entry restrictions looming Japan is considering a tax rate of up to 50% on revenue made by local casinos, with the proceeds to be split between national and local governments, according to The Japan Times. The report cites ongoing discussions between the ruling Liberal Democratic Party and Komeito which have outlined plans f...
Wednesday, 21 February 2018 06:04

Universal rejects Steve Wynn claims that Stockholders Agreement no longer binding Japan’s Universal Entertainment Group has rejected an assertion by former Wynn Resorts Chairman and CEO Steve Wynn that a 2010 Stockholders Agreement between Mr Wynn, ex-wife Elaine Wynn and Universal subsidiary Aruze USA “no longer binds either party.” The Wynn Resorts founder made the state...
Wednesday, 21 February 2018 05:38

Revenue up but profit down as bad luck hits Star Entertainment Group Australia’s Star Entertainment Group saw its profit tumble 76.8% to AU$33 million and EBITDA fall 33.6% to AU$200 million in the six months to 31 December 2018 due to bad luck in its international VIP business. But the results didn’t accurately reflect strong business volumes, with internationa...
Wednesday, 21 February 2018 04:53

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