Macau casino operator SJM Holdings Ltd’s “deleveraging trajectory” shows a pace “slower than those of its peers” in the Macau market, suggests Singapore-based Lucror Analytics. “SJM’s earnings have been weighed down by…
Category: News
Paradise City Japanese VIPs back in volume: Sega Sammy
The business at Paradise City (pictured), a leisure complex with foreigner-only casino at Incheon, South Korea, is currently enjoying “positive” operating income and net income, with Japanese VIP business beating pre-pandemic levels,…
FBM unveils 2024 roadmap for the Philippines market
Gaming industry supplier FBM is preparing to launch new slot machine titles and video bingo products in 2024 as part of its ambitious roadmap for the year ahead. It will also introduce…
Maybank: Visitor arrivals to Genting Malaysia’s Resorts World Genting to fully recover in 2024
Resorts World Genting (RWG), the long-time flagship of Malaysian casino giant Genting Malaysia, should see its earnings increase by 60% year-on-year in 2024, aided by the recovery of visitor arrivals back to…
Galaxy Ent to award month-salary bonus to staff on Jan 31
Galaxy Entertainment Group Ltd announced on Friday it would award eligible employees a “2023 discretionary bonus” equal to one month of “base salary” and guaranteed tips, if the latter is a factor…
Wynn also flags month-pay 2023 bonus for Macau staff
Wynn Macau Ltd became on Friday the fourth of Macau’s six casino operators to announce a “bonus”, also described in a statement as a “distribution of special allowance,” for work done by…
Melco announces bonus for Macau staff, pay hike from April
Melco Resorts & Entertainment Ltd became on Friday evening the fifth of Macau’s six casino operators to make a public announcement of a discretionary bonus for work done in 2023, amounting to…
DraftKings, BetMGM Reveal Sports Betting Partnerships in North Carolina
DraftKings and BetMGM have revealed their sports betting partnerships in their pursuit of gaining market entry in North Carolina. DraftKings told Casino.org on Friday that the sportsbook has partnered with NASCAR. BetMGM…
Boyd Gaming, Monarch Casino Downgraded on Regional Gaming Concerns
Boyd Gaming (NYSE: BYD) and Monarch Casino & Resort (NASDAQ: MCRI) were downgraded amid concerns that regional casinos are facing consumer-related lethargy. In a note to clients, Stifel analyst Steven Wieczynski lowered…
iGaming Bad for New Jersey Economy, Study Claims
Online gambling has had a net negative impact on New Jersey’s economy, a new study claims. The research, from NERA Economic Consulting, concluded that the state was about $180 million worse off…