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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

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