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Melco Resorts unit prices US$500-mln senior notes

Apr 18, 2019 Newsdesk Latest News, Macau, Top of the deck

A subsidiary of casino investor Melco Resorts and Entertainment Ltd says it has priced an offering of new debt which is part of a rearrangement of its borrowings. The company’s subsidiary, Melco...

Macau mass a plus, VIP likely to resurrect: Goldstein

Apr 18, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck

VIP business remains important to the overall Macau casino market: despite the softness seen in the first quarter of 2019, the segment is likely to return to growth in the future, says a senior...

LVS first quarter profit falls; Macau mass market strong

Apr 18, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck, World

Global casino company Las Vegas Sands Corp reported first-quarter net profit of US$582 million, a 60-percent decrease compared to nearly US$1.46 billion recorded in the same period last year. The...

Galaxy Ent in sponsorship deal for sports event in Japan

Apr 17, 2019 Newsdesk Industry Talk, Japan, Latest News

Macau casino operator Galaxy Entertainment Group Ltd says it has signed a two-year title sponsorship for a sports annual event designed to promote its business in Japan. The company is to sponsor...

Sanford Bernstein sees up to 4pct growth in Macau 2Q GGR

Apr 17, 2019 Newsdesk Latest News, Macau, Top of the deck

Sanford C. Bernstein Ltd forecasts that the gross gaming revenue (GGR) of casinos in Macau will be between 2 percent and 4 percent greater in the second quarter of this year than a year ago – if...

GLI group buys IT outfit to boost data security offering

Apr 17, 2019 Newsdesk Industry Talk, Latest News, World

Assessment, testing and certification services company Gaming Laboratories International has acquired United States-based information security services company SeNet International Corp. In a press...

Sci Games in sports bet, iGaming deal with Wynn Resorts

Apr 17, 2019 Newsdesk Industry Talk, Latest News

Scientific Games Corp, a United States-based provider of casino equipment, betting management services and digital gaming products, says it has linked with casino operator Wynn Resorts Ltd, “to...

Anthony Rodio confirmed as Caesars Ent CEO

Apr 17, 2019 Newsdesk Latest News, Top of the deck, World

Caesars Entertainment Corp, a United States-based casino operator, has confirmed the appointment of Anthony Rodio (pictured) as chief executive, in succession to Mark Frissora. Mr Rodio – who had...

Macau mass GGR takes lead in 1Q19, VIP down 13pct

Apr 16, 2019 Newsdesk Latest News, Macau, Top of the deck

VIP baccarat was a drag on Macau’s casino gross gaming revenue (GGR) performance in the first three months of 2019, falling 13.4 percent from the prior-year period. The rate of VIP decline was...

Melco C2 Paphos casino Cyprus to open later this year

Apr 16, 2019 Newsdesk Latest News, Top of the deck, World

Melco International Development Ltd, a Hong Kong-listed investor in gaming resorts, says it expects to open later this year the fourth satellite casino allowed under its consortium-based gaming...