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Paradise Co 4Q loss increases, full-year deficit narrows

Feb 20, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Paradise Co Ltd, an operator of foreigner-only casinos in South Korea, reported a fourth-quarter loss that narrowed compared to the deficit in the equivalent quarter in 2017. The loss for the three...

Macau junket Meg-Star announces pay hike effective March

Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau junket investor Meg-Star Group announced on Wednesday a 5-percent salary increase for eligible staff members, with effect from March 1. Nearly 98 percent of Meg-Star’s current workforce are...

Macau world centre wish needs local resort input: scholar

Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck

The development of Macau as a “world tourism and leisure centre” as mentioned by China’s central government in its outline plan for the Guangdong-Hong Kong-Macau Greater Bay Area, could be...

Aristocrat to fight U.S. suit on legality of Big Fish chips

Feb 20, 2019 Newsdesk Latest News, Top of the deck, World

Aristocrat Leisure Ltd says it will “vigorously defend” a United States lawsuit that argues the tokens offered in some of its free social games have a value, making them elements in what amount...

Macau gaming tax revenue up 14pct in full year 2018

Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected approximately MOP106.78 billion (US$13.21 billion) in direct taxes on gaming in the city in full calendar year 2018, up by 13.6 percent when compared to the previous...

Payment technology firm NRT among new AGEM members

Feb 20, 2019 Newsdesk Industry Talk, Latest News

Six businesses have joined the Association of Gaming Equipment Manufacturers (AGEM), bringing the association to a record number of 172 members spread across 22 countries. AGEM announced in writing...

SJM to finish Lagerfeld hotel after death of couturier

Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd said in a Wednesday statement it would press ahead with a Karl Lagerfeld-branded hotel at its under-construction HKD36-billion (US$4.6-billion) Grand Lisboa...

Melco Resorts 4Q profit up 58pct, firm ups dividend

Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck

Asia casino developer and operator Melco Resorts and Entertainment Ltd on Tuesday reported a 57.7 percent year-on-year increase in profit for the fourth quarter of 2018. The Nasdaq-listed company...

Greater Bay Area plan shows Beijing backs Macau: analyst

Feb 19, 2019 Newsdesk Latest News, Macau, Top of the deck

A Chinese central government initiative to integrate the economy and people of mainland China’s Guangdong province with the economies of Macau and Hong Kong, the two neighbouring Special...

GEN Singapore to show higher VIP share 4Q: Bernstein

Feb 19, 2019 Newsdesk Latest News, Singapore, Top of the deck

Genting Singapore Ltd has gained market share in that city’s casino duopoly in the crucial VIP gambling segment during the fourth quarter, according to brokerage Sanford C. Bernstein Ltd. Genting...