• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Success Dragon in Vietnam greyhound race mgmt deal

May 02, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  


Success Dragon in Vietnam greyhound race mgmt deal

Gaming services firm Success Dragon International Holdings Ltd on Friday announced it entered into an agreement for the provision of outsourced management services for greyhound racing in Vietnam.

The deal was signed with Sports and Entertainment Services Joint Stock Company, Success Dragon stated in a Friday filing.

Sports and Entertainment Services owns and operates a greyhound race course track at Lam Song Stadium in Ba Ria Vung Tau Province, the filing added.

The management deal is for an initial term of seven years. Under the agreement, Success Dragon’s wholly-owned subsidiary Success Dragon Services Management Ltd will be entitled to a monthly management fee equal to 7 percent of the gross proceeds of all wagers accepted.

Success Dragon said the new agreement was part of its strategy of “identifying areas of possible expansion”, namely in Vietnam.

“The directors consider that the entering into of the management agreement would further reinforce the group’s strategy to focus on its core business as a gaming solution and service provider and would enable the group to capture the business opportunities in the gaming industry in Vietnam and to broaden its income stream,” the firm stated in Friday’s filling.

Success Dragon announced in March it had entered into an agreement to acquire a stake in One Opera Danang Hotel – as well as land for further development – in Danang, Vietnam. Earlier, in December, the firm had reached two agreements to manage electronic gaming machines at gaming clubs in two five-star hotels in Vietnam, including at the One Opera Hotel.

Success Dragon is the parent company of Macau-based casino services provider CY Management Ltd. The latter firm provides management services to three casinos in Macau and information technology services to two other casinos in the city, according to Success Dragon’s 2014/15 annual report.


  • tweet
Related articles
  • Border casino op Donaco posts positive EBITDA for Jul-Dec
    Border casino op...

    Feb 26, 2021  

  • Suncity listco US$24mln cash under China property disposal
    Suncity listco US$24mln cash under...

    Feb 22, 2021  

More news
  • Aristocrat to launch EGM-based responsible gaming features
    Aristocrat to launch EGM-based...

    Feb 26, 2021  

  • Suncity to open clubs at Londoner Macao, Lisboa Palace
    Suncity to open clubs at Londoner...

    Feb 26, 2021  


Latest News

Aristocrat to launch EGM-based responsible gaming features

Aristocrat to launch EGM-based responsible gaming features

Feb 26, 2021  

Casino slot machine maker and digital games provider Aristocrat Leisure Ltd says it plans to launch in the first quarter this year a new product with responsible gaming features, which has already...
Read More
Suncity to open clubs at Londoner Macao, Lisboa Palace

Suncity to open clubs at Londoner Macao, Lisboa Palace

Feb 26, 2021  

Tech supplier Crane ups forecast for 2021 core sales

Tech supplier Crane ups forecast for 2021 core sales

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$53.4 million

Adjusted EBITDA reported by Asian casino operator Melco Resorts and Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
  • GEG in US$1.6bln construction deal on Galaxy Macau Phase 4GEG in US$1.6bln construction deal on Galaxy Macau Phase 4 February 22, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us