NagaCorp Ltd, operator of NagaWorld in the Cambodian capital of Phnom Penh, has revealed it will recognize an impairment of between US$85 million and US$95 million in relation to its Russian integrated…
Category: News
E-games help push Philippines GGR to US$1.6bln in 2Q
The Philippine gaming sector – including non-casino operations – produced gross gaming revenue (GGR) of PHP89.23 billion (US$1.56 billion) in the three months to June 30, up 32.3 percent from the prior-year…
LT Game to launch sic bo variant in Macau and LMG side bet
LT Game Ltd, a Macau-based provider of gaming equipment and management technology for casinos, has told GGRAsia it plans to launch within this year in the Macau market, a new slot-style game…
Macau move on money touts may hit investor mood: Citi
Friday’s news that Macau is to criminalise the unlicensed changing of money within a casino setting for the purposes of gambling, “could bring some noise and lead to near-term share price weakness”…
Macau seeking new provision to criminalize money exchange gangs
The Second Standing Committee of the Macau Legislative Assembly has revealed that, following discussions between legislators and the government, a new provision will be added to the Illegal Gaming Offence bill to…
RGB ratifies lease agreement involving 432 EGMs in Philippine casinos
Malaysia slot machine supplier RGB International Bhd said by way of a Thursday filing that it has ratified the entering into of a Deed of Amendment and Restatement by its wholly-owned subsidiary…
Okada Manila parent Universal says decline in junket business negatively impacting Philippine casino market as sales, profit fall in 1H24
Japan’s Universal Entertainment Corp has pointed to a slowdown in the junket business as having negatively impacted the Philippines casino business after reporting a decline in group-wide sales and profit for the…
Higher VIP comps hit Paradise Co’s bottom line in 2Q24
Korea’s leading foreigner-only casino operator Paradise Co says it continues to see high performance from its Japan VIP and mass gaming segments, but noted growing its VIP business has also resulted in…
DigiPlus revenue, profit soars in 2Q24
Philippines technology firm DigiPlus Interactive Corp has reported net income of Php3.2 billion (US$55.9 million) for the three months to 30 June 2024, up 389% year-on-year due to the strong performance of…
Osaka City Audit Committee issues mixed response to citizen’s group arguing illegality in construction of MGM’s IR
Osaka’s audit committee has refuted a claim by a citizen’s group that development of an integrated resort on Yumeshima Island should be halted because operator MGM Resorts was not currently paying rent….