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Thursday, August 17, 2017

Winning time

Scientific Games Corporation extends maturity of US$3.28 billion debt to 2024
Discussions about whether or not to add poker to the list of games to be allowed in Integrated Resorts in Japan have emerged as a question during the deliberations of the Japanese Cabinet Office currently working on a second...

The steady rise

Gaming revenues in August could reach as high as MOP23.5 billion, according to Bernstein
Between the concession of the land and the first licence 12 years have passed. Now work can finally begin
The casino in Saipan has been increasingly attracting VIP customers from the Philippines helped by geographical proximity, while the company is seeking to raise money to pursue the development of its resort

Skilled betting

Skill-based gaming company GameCo will soon apply for gaming and product licensing in the MSAR, in order to bring its arcade-style gaming slot machines to the local market, while using the city as a base to expand to other Asian markets and Australia
Seeking opportunities abroad to become casino owners rather than contractors only is an increasing trend among junket operators, says analyst
The internal investigation conducted by Universal Entertainment into its former chairman, Kazuo Okada, continues with a conclusion yet to be finalised
A rise in junket operations by smaller companies targeting the newly rich suggests the sector is competitive and diversifying, although a proper regulatory system is the best way to keep the activity under control, according to specialists
A Philippine-listed gaming technology provider has acquired another e-games site from the Philippine Amusement and Gaming Corporation (PAGCOR) earlier this week, according to ABS-CBN. In a filing with the Philippine Stock Exchange on Monday, PhilWeb Corporation announced it had bought...

Power move

The conversion of bonds relating to two properties in Cambodia has allowed NagaCorp’s Chief Executive to become the majority shareholder in the company
A Four Seasons Resort will be included in the currently under construction Jeju Shinhwa World in Jeju Island in 2019
The Macau SAR Government has extended for a period of six months, the concession granted to the Macau Horse Racing Company Limited for the commercial exploitation of horse racing, a dispatch in the official gazette announced yesterday. Under the...
Local gaming operator Melco Resorts & Entertainment has not yet applied for gaming tables for the fourth tower of the City of Dreams complex - Morpheus - according to a response to Business Daily enquiries from the Gaming...
CEO of the local gaming operator says performance in July has rebounded following the recent drop in revenue during the first half of the year
Local junket operator Neptune Group Limited has entered into a mortgage loan agreement with two independent third parties, according to a filing by the company with the Hong Kong Stock Exchange on Tuesday after trading hours. The loan deal...
Gaming, cruise ship and hospitality operator Genting Hong Kong Limited has announced a profit warning for its first half-year results, according to a filing with the Hong Kong Stock Exchange. The group notes that it is ‘expected to record a...
The largest y-o-y increase since February 2014. That would be pre-crackdown. A 29.2 pct increase in July in gross gaming revenue, hitting MOP22.96 bln. Twelve months of y-o-y increases, MOP741 mln ADR during July, say analysts, predicting MOP23-26 bln for August. Caution voiced against further crackdowns ahead of the Autumn National Congress.
Local operator Sociedade de Jogos de Macau saw an across-the-board decrease in the results of its operations during the first half of the year, according to the group’s filing with the Hong Kong Stock Exchange. Total revenue fell 1.9 per...
Imperial Pacific has announced that the first stage of the development of its Imperial Pacific Resort Hotel will include 329 rooms by August 31 of next year; the company had initially been expected to be able to complete 1,201 rooms by end-2018
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