Sunday 23 November 2025

IAG

No Result

View All Result

No Result

View All Result

IAG

No Result

View All Result

Frontier Capital Group moves into profit in 2019 on Clark casino re-launch

by Newsdesk

Sat 29 Feb 2020 at 15:02

Frontier Capital Group moves into profit in 2019 on Clark casino re-launch

22

SHARES

510

VIEWS

Australian-listed Frontier Capital Group (FCG) has reported a 1,000% increase in revenue to AU$28.8 million for the year ended 31 December 2019 following the mid-year relaunch of its Philippines casino operation in Clark.

Located inside the Stotsenberg Hotel, the former Casablanca Casino re-opened on 10 June 2019 under the new name FortuneGate Casino, having previously been forced to close in early 2017 after Philippines gaming regulator PAGCOR ordered a Php225 million escrow payment related to obligations of the former owner.

Having recorded a loss of AU$820,000 in 2018, FCG announced on Friday a profit of AU$2.14 million. Revenue for the year was comprised almost entirely from gaming, which contributed AU$27.75 million.

In previous announcements related to the company’s casino operations, FCG revealed than entity called FortuneGate Holdings Philippines Inc was had been appointed as casino manager.

RelatedPosts

Macau’s Beijing Imperial Palace Hotel, former site of Greek Mythology casino and once linked to Alvin Chau, undergoing renovation works after ownership change

Macau’s Beijing Imperial Palace Hotel, former site of Greek Mythology casino and once linked to Alvin Chau, undergoing renovation works after ownership change

Fri 21 Nov 2025 at 12:15

Star performers? A question of executive remuneration

Bally’s Corp cleared to claim control of Australia’s Star Entertainment Group after receiving probity approval from regulators

Fri 21 Nov 2025 at 07:01

PAGCOR defends its actions against POGOs after criticism from lawyer of suspended Bamban mayor Alice Guo

“POGO mayor” Alice Guo jailed for life

Thu 20 Nov 2025 at 15:51

Survey on Australia-China relations finds most Australians keen to encourage more Chinese tourism

Australia’s illegal offshore gambling market now worth US$2.5 billion annually, study finds

Thu 20 Nov 2025 at 13:30

Load More

Tags: Australia casino Clark FortuneGate Frontier Capital Group Gaming Hotel Stotsenberg PAGCOR Philippines

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Careful what you wish for

Editorial – Careful what you wish for

by Ben Blaschke

Tue 11 Nov 2025 at 17:28

The shock withdrawal of MGM Resorts from the New York casino licensing bid highlights the challenges faced by jurisdictions globally...

2025 Asian Gaming Power 50: Ones To Watch

The 2025 Asian Gaming Power 50

by Andrew W Scott

Tue 11 Nov 2025 at 17:21

Long established as the definitive list of the most influential figures and personalities in the regional industry, IAG’s Asian Gaming...

2025 Asian Gaming Power 50: Meet the panel

2025 Asian Gaming Power 50: Meet the panel

Tue 11 Nov 2025 at 17:01

IAG introduces the nine members of the judging panel who have determined this year’s Asian Gaming Power 50 list. Andrew...

2025 Asian Gaming Power 50: Ones To Watch

2025 Asian Gaming Power 50 List

Tue 11 Nov 2025 at 16:44

RANK POWER SCORE NAME TITLE ORGANIZATION 1 6,045 FRANCIS LUI CHAIRMAN Galaxy Entertainment Group 2 5,843 PANSY HO CHAIRPERSON AND...

Evolution Asia

Aristocrat banner

GLI

Mindslot

Solaire

Tecnet

NWR

Related Posts

Janelle Campbell to step down as CEO of The Star Sydney

Janelle Campbell to step down as CEO of The Star Sydney

by Ben Blaschke

Sat 22 Nov 2025 at 04:34

The Star Sydney CEO Janelle Campbell has informed staff she will resign from the role, Inside Asian Gaming has learned. Days after Star Entertainment Group’s Managing Director and CEO Steve McCann revealed plans to cut around 40 senior staff, Campbell...

Macau GGR up 19% year-on-year to MOP$22.1 billion in July, sets new post-pandemic record

Macau visitor arrivals up 10.8% year-on-year to of 3,472,477 in October

by Ben Blaschke

Sat 22 Nov 2025 at 04:31

Macau welcomed a total of 3,472,477 visitor arrivals in October, up 10.8% year-on-year and 25.1% higher than in September. The total included a 17.6% year-on-year increase in same-day visitors to 2,103,520 and a 1.7% increase in overnight visitors to 1,368,957,...

Macau’s Beijing Imperial Palace Hotel, former site of Greek Mythology casino and once linked to Alvin Chau, undergoing renovation works after ownership change

Macau’s Beijing Imperial Palace Hotel, former site of Greek Mythology casino and once linked to Alvin Chau, undergoing renovation works after ownership change

Fri 21 Nov 2025 at 12:15

Amid rumors that it has changed ownership, Macau’s Beijing Imperial Palace Hotel – formerly known as New Century Hotel – has been subject to renovation works in recent months. IAG understands the buyer is linked to YOHO Group. Vacant for...

JP Morgan: Peninsula satellite casino L’Arc could generate additional US$45 million in EBITDA for SJM annually following acquisition

JP Morgan: Peninsula satellite casino L’Arc could generate additional US$45 million in EBITDA for SJM annually following acquisition

by Ben Blaschke

Fri 21 Nov 2025 at 11:19

The acquisition by Macau concessionaire SJM Resorts, S.A. of peninsula hotel and casino L’Arc – one of the satellite casinos currently operating under its license – appears to be a value-accretive purchase with the property promising to generate up to...

No Result

View All Result

© 2005-2025
Inside Asian Gaming.
All rights reserved.