Macau casino operator SJM Holdings Ltd’s planned renovation work at its Grand Lisboa casino hotel in downtown Macau is expected to start “around the end of this year”, and take two years,…
IGT ‘off to a strong start’, upgrades 2024 forecast: CEO
Gaming equipment maker and content provider International Game Technology Plc (IGT) reported aggregate revenue of just under US$1.07 billion for the first quarter of 2024, flat from a year earlier but higher…
Universal’s net sales down in 1Q24 as strength in pachislot offset by slowdown in junket business at Okada Manila
Japan’s Universal Entertainment Corp reported net sales of JPY34.4 billion (US$220 million) in 1Q24, down 3% year-on-year due largely to the slowdown of the junket business at its Philippines integrated resort. According…
PM Anwar says no chance Malaysia will consider issuing second casino license
Malaysian Prime Minister Anwar Ibrahim said Tuesday that he would not consider approving a second casino license anywhere in the country, providing an “affirmative no” when asked the question by Bloomberg TV….
IGT upgrades 2024 revenue and profit goals after stronger than expected 1Q24 performance
International Game Technology said it was upgrading its FY24 revenue and profit goals after its Global Lottery and Gaming & Digital divisions both exceeded expectations in the three months to 31 March…
Macau Property EBITDA hit 83% of pre-COVID levels in 1Q24
Macau’s concessionaires generated combined Property EBITDA of US$2.03 billion in the first three months of 2024, down just 17% on the same period in 2019 and improved on the US$1.94 billion in…
Macau Casino Stocks Climb After China Adds Cities to Individual Visit Scheme Program
Shares of Macau casino stocks are up during early trading on Monday after China announced the inclusion of eight additional cities to its Individual Visit Scheme (IVS) program. The State Council of…
Korea clamps down on gambling businesses exploiting legal loophole
The South Korean government recently announced the implementation of new guidelines to address businesses engaging in what officials call “pseudo-casino operations.” This move aims to close legal loopholes that have permitted de…
Thai government considers imposing 5% limit on casino space in entertainment complexes
This requirement was reported by the Bangkok Post, citing the country’s Deputy Finance Minister, Julapun Amornvivat. Julapun Amornvivat also serves as the president of the House committee tasked with exploring the potential…
Bloomberry 1Q earnings down on lower gaming revenue
Philippines-listed Bloomberry Resorts Corp reported consolidated net income of nearly PHP2.6 billion (US$45.0 million) for the first quarter this year, down 13.3 percent from the prior-year period. But judged quarter-on-quarter, net income…