• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Online lottery specialist Berjaya net profit dips fivefold

Sep 16, 2014 Newsdesk Industry Talk, Latest News, Philippines, Top of the deck  


Online lottery specialist Berjaya net profit dips fivefold

Manila-listed Berjaya Philippines Inc reported a decline in net profit for the financial quarter ended July 31. Berjaya is a conglomerate that is 100 percent equity owner of Philippine Gaming Management Corp, a firm that leases out and provides software support for online lottery equipment.

The parent had a consolidated net profit from all operations of approximately PHP222.81 million (US$5.03 million) during the period. Judged quarter-on-quarter, the result was a fivefold decline on the PHP1.13 billion consolidated net profit reported by the group in the financial quarter ending April 30. But net income for the quarter was still up 2.6 percent year-on-year.

Consolidated total revenues fell twofold quarter-on-quarter, to approximately PHP6.50 billion from nearly PHP13.10 billion in the quarter ending April 30, said Berjaya in a filing to the Philippine Stock Exchange. Factors in the revenue decline included a more than fourfold quarter-on-quarter decline in income from the group’s leasing activities.

The group said in its filing that the Philippine Gaming Management unit has an arms length relationship with a related company called International Lottery and Totalizator System Inc, a U.S. corporation.


  • tweet
Related articles
  • Bloomberry aims to raise up to US$99mln via share sale
    Bloomberry aims to raise up to US$99mln...

    Sep 29, 2023  

  • Light & Wonder to expand facilities in the Philippines: CEO
    Light & Wonder to expand...

    Sep 29, 2023  

More news
  • Macau September GGR down 13pct on August: govt
    Macau September GGR down 13pct...

    Oct 01, 2023  

  • Sands China to revitalise firecracker factory, old streets
    Sands China to revitalise firecracker...

    Sep 29, 2023  


Latest News

Macau September GGR down 13pct on August: govt

Macau September GGR down 13pct on August: govt

Oct 01, 2023  

Macau’s September casino gross gaming revenue (GGR) fell by 13.2 percent month-on-month, to MOP14.94 billion (US$1.85 billion), according to a Sunday announcement from the local regulator, the...
Read More
Sands China to revitalise firecracker factory, old streets

Sands China to revitalise firecracker factory, old streets

Sep 29, 2023  

Bloomberry aims to raise up to US$99mln via share sale

Bloomberry aims to raise up to US$99mln via share sale

Sep 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The Philippines has been the primary growth driver, but really the broader Asian gaming industry is something that’s really important to us”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • International Ent to invest at least US$1bln in Manila IRInternational Ent to invest at least US$1bln in Manila IR September 28, 2023
  • Galaxy Ent to build ice rink, bookshop at Macau old shipyardsGalaxy Ent to build ice rink, bookshop at Macau old… September 28, 2023
  • Light & Wonder to expand facilities in the Philippines: CEOLight & Wonder to expand facilities in the Philippines:… September 29, 2023
  • S.Korea Daegu Casino fined US$776k for AML breaches S.Korea Daegu Casino fined US$776k for AML breaches  September 29, 2023
  • Osaka, MGM-Orix sign implementation deal for IROsaka, MGM-Orix sign implementation deal for IR September 28, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us