Wednesday, November 14, 2018

Competition hurts half-year results at SJM Holdings Limited

Macau casino operator SJM Holdings Limited has released its unaudited consolidated interim financial results for the first six months of 2017 showing a 1.9% decrease year-on-year in net revenues to $2.64...

Macau profits from gaming taxes to the tune of $8.54 billion

In Macau, the government has reportedly revealed that direct taxes from gaming for the first nine months of 2017 rose by 17.5% year-on-year to hit $8.54 billion and account for some...

Macau casino entrepreneurs have a good year

The ongoing recovery of the casino market in Macau has reportedly helped some of the industry’s best-known entrepreneurs to increase their wealth even further, with four local gambling magnates appearing in...

Optimistic prediction sends Macau share prices soaring

Share prices for some of the biggest casino operators in Macau have reportedly climbed considerably this week following the publication of a report from brokerage firm Sanford C Bernstein Limited that...

Enrique Razon offloads 3.18% of Bloomberry Resorts Corporation

In the Philippines, billionaire businessman Enrique Razon has reportedly earned approximately $74.58 million after selling off 3.18% of his stake in local casino operator Bloomberry Resorts Corporation. According to a report from...

SJM Holdings Limited reports year-on-year drop in third-quarter net profit

Macau casino giant SJM Holdings Limited has published its unaudited financial results for the three months to the end of September showing that it experienced a 16.5% decline year-on-year in net...

Positive growth predictions for South African gaming market

The gaming market in South Africa is reportedly expected to bring in annual aggregated gross revenues of at least ZAR35 billion ($2.49 billion) by 2021 and contribute total taxes every year...

Higher operating costs hurt Genting Malaysia’s second-quarter results

Asian casino giant Genting Malaysia has blamed unfavorable foreign exchange transactions along with higher operating costs after its net profit for the three months to the end of June fell by...

Bet365 Group Limited records $2.6 billion in annual betting revenues

In the United Kingdom, online gambling and sportsbetting giant Bet365 Group Limited reportedly saw its revenues from betting for the twelve months to the end of March increase by 39% year-on-year...

Coingaming Group developer pens white paper on double-spending solution

Even the unhackable Bitcoin presents certain security flaws as the currency is exchanged with fiat money. One of the leading currency exchange services, Coingaming Group, is stepping out ahead of any such problems...

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Comanche Nation warning of reduced casino revenues

In Oklahoma, the Comanche Nation has reportedly warned that revenues from its Comanche Red River Hotel and Casino could fall by as much as...

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