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Daily News

VIDEO: Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week.
Friday, 10 August 2018 07:02

Resorts World Sentosa wins SG$10 million court case against high roller Singapore’s high court has ruled in favor of Resorts World Sentosa (RWS) in a case against a Malaysian businessman who was trying to void SG$5.9 million in outstanding debt. Lee Fook Kheun had argued that a series of credit deals he signed with RWS over the course of three days in 2010 were inval...
Friday, 10 August 2018 06:42

PAGCOR to cancel Landing gaming license if land lease found to be invalid Philippines gaming regulator PAGCOR says Landing International Development’s provisional gaming license will only stand if its land lease deal signed with Nayong Pilipino Foundation is found to be valid. The regulator’s comment came three days after Philippines President Rodrigo Duterte fired t...
Friday, 10 August 2018 06:25

Crown Melbourne drives strong VIP recovery for Crown Resorts in FY18. Predictions of a quick rebound in the VIP segment for Australian casino operator Crown Resorts have come to fruition with VIP turnover in FY18 climbing 54.5% to AU$51.5 billion. The results still lag some way behind the AU$65.1 billion in turnover Crown booked for FY16 but represent a considerable ...
Thursday, 09 August 2018 20:07

Revenue falling for Korea’s only locals casino Kangwon Land Kangwon Land, the only casino in Korea where locals can legally gamble, saw its net sales fall 9.2% year-on-year and 10.5% sequentially in 2Q18 to KRW338.7 billion (US$301.6 million). The decline included falling revenue in both gaming and non-gaming segments, with gaming revenue down 9.1% year-on-...
Thursday, 09 August 2018 18:49

Okada Manila operator Tiger Resort, Leisure and Entertainment to go public in 2019 Universal Entertainment Group is preparing to take its wholly-owned subsidiary Tiger Resort, Leisure and Entertainment, Inc (TRLEI) – operator of Okada Manila – public. The Japanese gaming firm confirmed its intentions in its 1H18 earnings release on Thursday, declaring that TRLEI will be liste...
Thursday, 09 August 2018 17:57

AIGF launches Skill Games Charters to regulate India’s skill gaming industry The All India Gaming Federation (AIGF), an apex body for gaming in India, has launched its Skill Games Charters in a move aimed to help regulate the country’s skill gaming sector. The AIGF Skill Games Charters lays down certain ground rules for its own members and members to be in terms of legali...
Thursday, 09 August 2018 06:49

Uncertainty abounds as Landing says Duterte laid foundations for Manila land deal Uncertainty over the future of Landing International Development’s planned US$1.5 billion Manila integrated resort has been further clouded by the company’s assertion that it was Philippines President Rodrigo Duterte himself who guided them to the plot of land they are now fighting to retain. L...
Thursday, 09 August 2018 06:25

Record mass performance helps Bloomberry 2Q18 growth after bad luck in VIP Bloomberry Resorts Corporation continued its recent surge in 2Q18, recording a new all-time high for quarterly mass table drop and EGM coin-in at flagship property Solaire. But the company’s net profit took a hit due to low VIP hold and a significant loss at its Jeju Sun Hotel & Casino in Kor...
Wednesday, 08 August 2018 18:37

Early signs positive for Tabcorp as Tatts merger spurs FY18 growth The December 2017 merger between Australian gaming giants Tabcorp Holdings and Tatts Group saw Tabcorp’s revenue for the year ended 30 June 2018 climb 71.7% to AU$3.8 billion in what Managing Director and CEO David Attenborough describes as a “company-defining year.” The merger, bringing toge...
Wednesday, 08 August 2018 14:22

What's new

Sands China supporting Old District revitalization

Sands China supporting Old District revitalization Sands China Ltd has thrown its support behind the Old District Revitalization Series – Rua de Cinco de Outubro, which aims to help rebuild parts of Macau in the wake of last year’s devastating Typhoon Hato. Organised by the Macao Association for Promoting Community Economic Development, the in... Monday, 20 August 2018 07:02

Construction on Landing’s Manila IR underway despite Duterte opposition

Construction on Landing’s Manila IR underway despite Duterte opposition Landing International Development Ltd has reportedly begun construction work on its proposed US$1.5 billion integrated resort in Manila, defying President Rodrigo Duterte’s claim that no new Philippines casinos would be allowed under his watch. According to the Philippine Star, earthmoving on the... Monday, 20 August 2018 06:55

Suncity Group 1H18 losses set to increase significantly

Suncity Group 1H18 losses set to increase significantly Macau junket operator Suncity Group Holdings Limited has issued a negative profit warning for the six months ended 30 June 2018, stating it expects to record a significant increase in its loss attributable to owners of the company when compared to 2017 numbers. In a filing to the Hong Kong Stock Ex... Monday, 20 August 2018 06:27

Craig Billings joins Wynn Macau board

Craig Billings joins Wynn Macau board Wynn Resorts CFO and Treasurer Craig Billings has been appointed as a new non-executive director of Wynn Macau. Billings, who joined the company in April 2017, replaces Kim Sinatra on the board after the former Wynn Resorts Executive VP, General Counsel and Secretary stepped down in July. The 45-ye... Monday, 20 August 2018 06:02

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