Scientific Game

Daily News

Landing Casino relocation drives Landing International to 360% revenue increase The relocation of Landing Casino from its former home at Hyatt Regency Jeju Hotel to the company’s Jeju Shinhwa World integrated resort in February drove Landing International Development Limited to a 360% increase in consolidated revenue for the first six months of 2018 to HK$1.75 billion. The s...
Friday, 03 August 2018 06:14

Resorts business shows improvement but pachinko decline hurts Sega Sammy quarterly results Japan’s Sega Sammy Holdings saw its net sales plummet in the three months to 30 June 2018, down 35.8% year-on-year to ¥68.8 billion (US$616.2 million) due primarily to big declines in the pachislot and pachinko business. Group-wide operating income was down 94.4% on the same period last year to ...
Friday, 03 August 2018 05:50

MGM COTAI pushes MGM to improved Macau results in 2Q18 but ramp slow The February launch of MGM COTAI spurred MGM China to a 32% year-on-year increase in revenue to HK$4.4 billion (US$561.3 million) for the three months to 30 June 2018. MGM COTAI contributed HK$1.5 billion (US$184.7 million) in its first full quarter of operations, making amends for an 11.2% decreas...
Thursday, 02 August 2018 20:39

Suncity to launch new VIP room at Wynn Palace Macau’s largest junket operator, Suncity, is set to launch a new VIP room at Wynn Palace that will boost its table count in the Cotai property by 40%. The news was unveiled by Wynn Resorts executives during the company’s 2Q18 earnings call on Thursday, with CEO and President Matt Maddox reveali...
Thursday, 02 August 2018 19:47

Wynn Macau to present development proposal for Cotai land parcel in 4Q18 Wynn Resorts CEO Matt Maddox says the company’s Macau subsidiary, Wynn Macau Limited, will present plans for its empty seven-acre parcel of land located alongside Wynn Palace in Cotai to the Macau government before the end of 2018. Releasing extensive details of the project for the first time dur...
Thursday, 02 August 2018 18:25

VIDEO: IAG profiles Scientific Games’ Matthew Righton Inside Asian Gaming speaks with Scientific Games Regional Account Manager for Asia, Matthew Righton. The full interview can be found in the August edition of IAG.  
Thursday, 02 August 2018 06:52

Bankruptcy recovery spurs big second quarter growth for Caesars The inclusion of Caesars Entertainment Operating Co Inc following its emergence from bankruptcy late last year has helped Caesars Entertainment Corp to a US$1.11 billion increase in revenue in 2Q18, up to US$2.12 from US$1.01 billion in the same period last year. Net income improved to US$29 millio...
Thursday, 02 August 2018 06:43

Scientific Games sees revenues rise 10% in 2Q18 Scientific Games Corporation has announced a 10% increase in revenue in 2Q18, driven by US$50.6 million in added revenue following the acquisition of sports betting firm NYX and growth across most business units. The company’s revenue for the period climbed to US$844.7 million for the quarter, up...
Thursday, 02 August 2018 06:21

Nepal backflips on plans for new Casino Act The Nepal government has dumped plans to introduce a Casino Act regulating the local casino industry, announcing that it will attach new casino-related laws to its Tourism Act instead. As reported by The Kathmandu Post, the backflip comes less than two months after the government declared its inten...
Thursday, 02 August 2018 05:56

Wynn sees mixed Macau results as Wynn Palace takes 2Q lion’s share Wynn Macau Limited booked a 12.5% increase in revenue in the three months to 30 June 2018 despite mixed results at its two Macau integrated resorts. Wynn Palace enjoyed a 56.6% year-on-year increase in revenue to US$620.6 million – the second consecutive quarter in which it has outperformed its P...
Thursday, 02 August 2018 05:23

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