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On the Run by Andrew W Scott, the IAG CEO Vlog

by Newsdesk

Fri 1 Dec 2023 at 04:24

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Episode 50 of “On the Run” by Andrew W Scott, the IAG CEO Vlog. Andrew provides commentary on major stories published by IAG in November 2023, see the links below.

US NEWS

Miriam Adelson’s Las Vegas Sands sell-off linked to Dallas Mavericks move as pricing revealed; no impact on Macau ops

Dr Miriam Adelson to sell 10% of Las Vegas Sands stake to fund acquisition of US sports franchise

MGM Resorts booked all-time hotel revenue record during Las Vegas Formula 1 weekend, says CFO

MACAU NEWS

Galaxy Entertainment Group’s Francis Lui tops Asian Gaming Power 50 for fifth year in a row

MGS returns to Macau today with first live in-person show in four years

Galaxy Entertainment Group’s Kevin Kelley to deliver Keynote Address at MGS Summit on 14 November 2023

Mass gaming at Cotai’s Galaxy Macau drives Galaxy Entertainment Group to US$1.12 billion in Q3 gaming revenues

MGM China achieves all-time Q3 EBITDAR record as 3Q23 revenues climb 10% on pre-COVID levels

Melco Resorts close to break-even in 3Q23 as group-wide revenues move above US$1 billion on Macau recovery

SJM falls to US$53 million loss as peninsula’s Grand Lisboa continues to outshine Cotai IR

Expanded 2023 Macau Grand Prix attracts record 145,000 attendees

Macau Jockey Club narrowly avoids trainer, jockey strike over reduced pay but future still uncertain

Melco to bring back popular resident show The House of Dancing Water in late 2024

PHILIPPINES NEWS

EGM strength helps drive Bloomberry Resorts Corp to US$34 million in Q3 net profit

Hotel segment helps drive 25% revenue growth in 3Q23 for Manila’s Newport World Resorts

Okada Manila slots outage continues to improve with almost 80% now back online

Okada Manila takeover saga ends as Supreme Court lifts Status Quo Ante Order, rules Kazuo Okada “properly removed” from company

26 Capital backer seeking to remove Jason Ader as principal following failed Okada Manila merger

MIDDLE EAST NEWS

Report claims UAE may grant one casino license to each of its seven emirates

Beijing’s China State Construction Engineering Corporation awarded contract to develop US$1.2 billion MGM-linked resort in Dubai

GENTING (SINGAPORE/MALAYSIA/US) NEWS

Genting Singapore significantly increases investment in Resorts World Sentosa expansion to US$5 billion

Genting Singapore revenues climb 33% to US$507 million in 3Q23 on Resorts World Sentosa recovery

Genting Malaysia net profit grows to US$34 million in Q3 as RWG leads resurgence

Genting’s Resorts World Las Vegas books record revenue and EBITDA in 3Q23

AUSTRALIA NEWS

Crown Sydney to reduce casino opening hours due to “ongoing economic and financial pressures”

JAPAN NEWS

Dynam Japan sees revenue, profit increase in 1H24 on recovery of pachinko business

SAIPAN NEWS

Former Imperial Pacific and Hengsheng Group junket executive deemed head of criminal syndicate by mainland China court

VIETNAM NEWS

Quang Ninh authorities want tender process to select operator of proposed US$2.1 billion casino resort in Vietnam’s Van Don

SUPPLIER NEWS

Light & Wonder inching closer to EBITDA target as adjusted earnings reach US$286 million in 3Q23

Former LT Game executive Betty Zhao joins Aruze Gaming Global

Tags: 2019 Inside Asian Gaming Power 50 Inside Asian Gaming Macau On the run Video

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.

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