MGM increases its stake in its Macau division

The US casino operator has agreed to increase its stake from 51 percent to 56 percent through the purchase of shares from Grand Paradise Macau.

Red Rock Resorts’ assets grow

Merely three months after its IPO, Red Rock Resorts declared its first ever cash dividend of US$0.10 per Class A common share for the third quarter of 2016.

Las Vegas Sands

Las Vegas Sands profit falls 30 percent

Las Vegas Sands Corp. revealed earnings for the second quarter that showed a decline compared to the same period last year.

German bonds fell upon UE referendum bets

German government bonds saw a decline as traders followed signals from betting odds that Britain will vote to remain in the European Union in Thursday’s referendum.

SIGA casinos releases 2015-2016 annual report

The Saskatchewan Indian Gaming Authority announced 5th year in a row with profit exceeding CAD 80 million (US$62.7 million).

Ongpin donated 49 percent PhilWeb’s stake to Pagcor

Roberto V. Ongpin has cancelled the auction of his 53.76-percent stake in PhilWeb Corp. donating the bulk of it to state-owned Philippine Amusement and Gaming Corp.

Macau experienced its worst quarter in years

The biggest casino hub across the world has ended its worst quarter since 2011.

Caesars’ shares spike after extending higher offer to junior creditors

The casino operator rose the most in five months after increasing its offer to junior creditors in the bankruptcy of its largest unit.

Gaming Realms raises €2.98 million

The online gaming company raises £2.5 million (€2.98 million) through admission of 12.5 million shares.

macau

June’s casino revenue drops 8.5 percent in Macau

Macau’s Gaming Inspection and Coordination Bureau posted the results of the gambling hub’s financial performance in June.

Caesars Entertainment strikes another deal with debtors

The casino operator announced it has reached an agreement with senior lenders to restructure the company’s debt.

italy

Italy releases online gambling results for May 2016

The Italian online gambling industry grew significantly in May 2016 showing an impressive 30.3 percent revenue increase.