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Sega Sammy sees upside as Chinese return to Paradise City

Aug 15, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Management at Sega Sammy Holdings Inc, a Japanese entertainment conglomerate, says it expects an upside if the number of Chinese visitors to its joint venture South Korean casino complex recovers....

GEG continues Macau training scheme for Japan uni students

Aug 15, 2019 Newsdesk Japan, Latest News, Macau, Top of the deck

Macau-based casino operator Galaxy Entertainment Group Ltd – also known as GEG – announced on Wednesday it would be hosting a second edition of a scheme to bring to Macau groups of Japanese...

Operator of Resorts World Manila means to go private

Aug 14, 2019 Newsdesk Latest News, Philippines, Top of the deck

The board of Philippine casino operator Travellers International Hotel Group Inc says it has agreed to take the company private. The company told the Philippine Stock Exchange in writing on Wednesday...

Suncity proxy immaterial for Bloomberry’s EBITDA: Nomura

Aug 14, 2019 Newsdesk Latest News, Philippines, Top of the deck

Brokerage Nomura says it does not expect Suncity Group’s decision to withdraw from proxy betting to have a significant impact on the results of Philippine casino operator Bloomberry Resorts...

Donaco flags delay in Singapore arbitration vs Thai vendors

Aug 14, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

Boutique Asian casino operator Donaco International Ltd says the arbitration process in Singapore against former owners of the Star Vegas Resort and Club (pictured) business in Poipet, Cambodia, has...

S. Korea Paradise Co to return to profit in 3Q: JP Morgan

Aug 14, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Brokerage JP Morgan Securities (Asia Pacific) Ltd says it expects South Korean casino operator Paradise Co Ltd to return to profit in the third quarter this year. “Profitability should improve...

Galaxy Macau Phase 3 expansion delayed to late 2020

Aug 14, 2019 Newsdesk Latest News, Macau, Top of the deck

The management of Macau casino operator Galaxy Entertainment Group Ltd says the launch date for the first portion of Phase 3 of its flagship Cotai casino resort, Galaxy Macau (pictured), will now...

Galaxy Ent 2Q EBITDA flat, revenue down on VIP woes

Aug 13, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Galaxy Entertainment Group Ltd says its second-quarter net revenue was down 5.4 percent year-on-year, to HKD13.17 billion (US$1.68 billion), with a “solid”...

Paradise Co 2Q loss widens despite higher revenue

Aug 13, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

South Korean casino operator Paradise Co Ltd on Tuesday reported a net loss of approximately KRW2.06 billion (US$1.68 million) for the three months ended June 30. That compared to a loss of nearly...

Representatives of institutional investor join Donaco board

Aug 13, 2019 Newsdesk Latest News, Top of the deck, World

Donaco International Ltd, an operator of casinos in Indochina, says it has appointed two new non-executive directors, Leo Chan Yan Ho and Kurkye Wong. Donaco told the Australian Securities Exchange...