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Galaxy powering ahead as 2Q18 revenue climbs 22% Galaxy Entertainment Group (GEG) has continued to shine in 2018 with group-wide net revenue jumping 22% year-on-year in 2Q18 to HK$13.9 billion, led by surging VIP but complemented by solid gains across all sectors. GEG’s total gross gaming revenue on a management basis – which includes revenue...
Wednesday, 08 August 2018 13:46

VIP recovery leads SKYCITY to record FY18 results Australasian IR operator SKYCITY Entertainment Group saw its net profit rise 10.4% to NZ$169.9 million in the 12 months ended 30 June 2018, driven by the rapid recovery of the company’s VIP sector in the 12 months since the arrests of 19 Crown Resorts employees in mainland China sent regional VIP ...
Wednesday, 08 August 2018 07:10

Wynn Resorts appoints Matt Maddox and Richard J Byrne to board Wynn Resorts has increased the size of its board to 11 members after announcing the appointments of CEO Matt Maddox and independent director Richard J Byrne overnight. Their addition comes just a day after former Harrah’s boss Phil Satre was named as the company’s new Chairman, to replace D. Bo...
Wednesday, 08 August 2018 06:50

Grand Korea Leisure sees 2Q18 net income soar Korea’s state-run, foreigners only casino operator Grand Korea Leisure (GKL) saw its net income jump 76.2% to KRW27.2 billion (US$24.3 million) in the three months to 30 June 2018. In a filing to the Korea Exchange, GKL reported a 5.9% year-on-year increase in revenue to KRW116.1 billion (US$103....
Wednesday, 08 August 2018 06:49

Macau Legend flags profit boost in 1H18 Macau casino operator Macau Legend says it expects to report unaudited consolidated profit attributable to the owners of the company of around HK$229 million for the six months to 30 June 2018, due primarily to the sale of its former subsidiary New Macau Landmark Management Limited (NML). New Macau...
Wednesday, 08 August 2018 06:43

Las Vegas Sands targets responsible citizenship with launch of Project Protect  Las Vegas Sands (LVS) has announced a new global initiative aimed at enhancing its performance in responsible gaming, anti-money laundering and human trafficking prevention.  Titled Project Protect, the initiative will coalesce LVS’s efforts around policy and procedural enhancements in each of t...
Wednesday, 08 August 2018 06:42

Landing pushes ahead with Manila IR as Duterte fires entire board of Philippines land lease partner By Ben Blaschke Landing International Development broke ground on its US$1.5 billion NayonLanding integrated resort in Manila on Tuesday, describing the project as a unique family, leisure and entertainment IR unlike anything its Philippines competitors can offer. But the ceremony was largely over...
Tuesday, 07 August 2018 18:10

Cryptocurrency warnings renewed after Macau locals stripped of HK$20 million The Monetary Authority of Macao (AMCM) has issued a new warning against the use of virtual currencies amid revelations that around 70 Macau locals have been left around HK$20 million out of pocket by a Hong Kong-based cryptocurrency mining company. According to a report by Macau News Agency, Rita B...
Tuesday, 07 August 2018 07:21

Former Harrah’s boss Phil Satre named as new Wynn Resorts Chairman Wynn Resorts has announced former Harrah’s boss Phil Satre as its new Chairman. Satre, who only days ago told a Las Vegas newspaper that failing to pursue a Macau gaming license in 2001 was his biggest career regret, will join the board initially as Vice Chairman before replacing D. Boone Wayson ...
Tuesday, 07 August 2018 06:33

Legendary chef who launched Macau’s fine-dining scene, Joel Robuchon, dies aged 73 Legendary French Chef Joël Robuchon – whose global empire includes one of the two Macau restaurants to boast three Michelin stars – has passed away at the age of 73 after a brief battle with cancer. Renowned as one of the key gastronomic influencers of the 20th century, his simple yet playful...
Tuesday, 07 August 2018 06:16

What's new

Macau’s GGR on track to exceed August expectations

Macau’s GGR on track to exceed August expectations Strong summer seasonality has prompted a better than expected start to the month for Macau’s gaming operators, with August GGR tracking 8% higher than in July and 20% higher than the same month in 2017 according to brokerage Sanford C Bernstein. In a Monday note, analysts Vitaly Umansky, Zhen Gon... Tuesday, 14 August 2018 05:38

The Stars Group’s global expansion drives 34.8% revenue boost in 2Q18

The Stars Group’s global expansion drives 34.8% revenue boost in 2Q18 Online poker and gaming operator The Stars Group has reported a 34.8% increase in consolidated revenue to US$411.5 million for the three months to 30 June 2018, boosted by its recent push into the Australian sports betting scene via the acquisitions of CrownBet Holdings Pty Limited and William Hill ... Tuesday, 14 August 2018 05:37

Australasian Gaming Expo kicks off today

Australasian Gaming Expo kicks off today The 2018 Australasian Gaming Expo kicks off today, with more than 200 exhibitors from across the gaming industry gathering at Sydney’s International Convention Centre (ICC). This year’s exhibition represents the second year that AGE has been held at the spectacular new ICC, which opened in 2017... Tuesday, 14 August 2018 05:36

Singapore’s Wilson Lim wins biggest ever APPT Manila

Singapore’s Wilson Lim wins biggest ever APPT Manila Singapore’s Wilson Lim has won the biggest APPT Manila in history, overcoming a field of 1,364 main event players to claim the title and its Php12.97 million top prize. Lim also won a PSPC Platinum Pass, worth US$30,000, to the PokerStars Players Championship in the Bahamas in January. Incredibl... Tuesday, 14 August 2018 05:33

Current Issue

OZ VIP: A new dawn

OZ VIP: A new dawn It has taken just 12 months for Australia’s VIP turnover to rebound following the arrests of 19 Crown Resorts employees in China in October 2016, but the balance of power between Australian operators has shifted dramatically in the process. By Ben Blaschke   Just 12 months after the release of... Sunday, 29 July 2018 22:32

Waiting for Garapan

Waiting for Garapan Imperial Pacific says it will miss another deadline for completing its Saipan casino hotel, and there’s no consensus on a completion date. Meanwhile, VIP roll and trade receivable numbers soar. By Muhammad Cohen   Imperial Pacific International continues to excel at manythings. Its monopoly ca... Sunday, 29 July 2018 22:27

License to thrill: How casino re-tendering will shape Macau’s future

License to thrill: How casino re-tendering will shape Macau’s future Professor Glenn McCartney takes a look at the impending Macau casino re-tendering process and why the government’s criteria for issuing licenses will shape the city’s tourism future. By Professor Glenn McCartney   Macau’s casino concession and sub-concession contracts will all end in a few... Sunday, 29 July 2018 22:21

Making live online gaming a reality

Making live online gaming a reality Latency has long been the ultimate challenge for online gaming operators in their quest to provide a quality product, but a new open framework technology could prove to be a game-changer. By Jaheer Abbas | Senior Director, SEA & India at Limelight Networks   It’s hard to imagine that onlin... Sunday, 29 July 2018 22:09