• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 3 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Success Dragon to shut down Macau-based EGM services business

Newsdesk by Newsdesk
Mon 3 May 2021 at 18:44
Losses narrow for Success Dragon despite FY19 revenue decline
31
SHARES
772
VIEWS
Print Friendly, PDF & Email

Hong Kong’s Success Dragon International Holdings Ltd says it will cease providing electronic gaming equipment management services to Macau casinos as current contracts expire due to the impact of COVID-19 on its segment performance.

The decision comes after Success Dragon reported a 57.7% decline in revenue to just HK$17.8 million from its Outsourced Business Process Management segment during the six months to 31 December 2020, with segment contribution falling from 94.9% of group-wide revenue to 35.2%.

The company stated at the time that a combination of intense competition in the Macau gaming market and the outbreak of COVID-19 had imposed “high risk” upon the segment’s revenue.

On Friday, Success Dragon said that “due to its less than satisfactory performance, the board of directors of the company [has] proposed to cease to operate the Outsourced Business Process Management [segment].

“As the two contracts with the casinos for the Outsourced Business Process Management are expected to expire on 30 April 2021 and 31 May 2021, respectively, the board proposed not to renew the contracts, and as a result, the Company will cease to operate the Outsourced Business Process Management in the coming month.”

Success Dragon also operates a money lending segment, IT services segment and gold-laden carbon processing business selling gold and other precious metals in China.

RelatedPosts

Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

Wed 2 Jul 2025 at 18:10
Team Spirit

IAG announces Light & Wonder, Angel and Aristocrat Gaming as sponsors of Macau After Dark at Vasco – Bar & Lounge on Monday 7 July

Wed 2 Jul 2025 at 15:33
Aristocrat Gaming awarded license to develop MONOPOLY slot games globally

Aristocrat Gaming awarded license to develop MONOPOLY slot games globally

Wed 2 Jul 2025 at 06:21
Macau Legend says no concerns over ability to continue after reaching agreement with lenders to defer HK$2.1 billion in looming repayments

Macau Legend says no concerns over ability to continue after reaching agreement with lenders to defer HK$2.1 billion in looming repayments

Wed 2 Jul 2025 at 06:19
Load More
Tags: covid-19Macauslot machinesSuccess Dragon
Share12Share2
Newsdesk

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 – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

PM’s powerful father Thaksin says coalition partner will vote in favor of casino bill as internal rift downplayed

Thaksin Shinawatra ranks 11th on Forbes 2025 list of Thailand’s 50 Richest

by Ben Blaschke
Thu 3 Jul 2025 at 10:04

His daughter may be in the midst of a fight for her political life but Thai powerbroker Thaksin Shinawatra still offers plenty of financial clout, ranking 11th on the latest Forbes list of Thailand’s 50 Richest. According to the Forbes...

As Thailand’s casino bill hangs by a thread, foreign visitor numbers continue to decline

As Thailand’s casino bill hangs by a thread, foreign visitor numbers continue to decline

by Ben Blaschke
Thu 3 Jul 2025 at 06:30

Thailand’s foreign tourism arrivals have fallen by a total of almost 4.6% through the first six months of this year, continuing a worrying trend at a time when a casino bill aimed at boosting international visitation appears to be on...

Philippines tech firm DigiPlus enters final stage of Brazil’s iGaming licensing process

Philippine technology firm DigiPlus to launch Brazil iGaming platform in September

by Newsdesk
Thu 3 Jul 2025 at 05:54

Philippines gaming technology supplier DigiPlus Interactive Corp said Wednesday it expects to go live with its Brazil iGaming operations in September. The offering will include an extensive line-up of livestreamed games, slots, table games and exclusive self-developed digital entertainment content,...

Jeju Dream Tower casino sales down 7.4% in March

South Korea’s foreigner-only casinos showing renewed vigor as Jeju Dream Tower sets new monthly drop, visitor records

by Ben Blaschke
Thu 3 Jul 2025 at 05:41

Low hold rates saw Lotte Tour’s Jeju Dream Tower suffer a 13.4% month-on-month decline in casino sales to KRW35.8 billion (US$26.4 million) in June, but data published by parent company Lotte Tour shows it was in fact the resort’s best...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English