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Focus Gaming News Asia Pacific | Business

Business

Check the latest Business news

04/14/22

Okada Manila posts GGR of US$115.7m for Q1

Okada Manila’s gross gaming revenue was down 14.1 per cent sequentially in the first quarter of the year.

04/14/22

US real estate company may be involved in Nagasaki IR funding

It’s been reported that US commercial real estate services and investment firm CBRE Group Inc is involved in financing of Nagasaki’s IR project.

04/14/22

MGM China confirms payment for six-month licence extension in Macau

The company has revealed in its annual report for 2021 that it paid MOP47m (US$6m) for the six-month extension of its current concession.

04/14/22

Marina Bay Sands to return to pre-pandemic levels in two years, analysts say

Analysts at Sanford C. Bernstein Ltd. predict the casino operator will see business grow in the second quarter and accelerate into 2023.

04/13/22

Melco Resorts at risk of being delisted from Nasdaq

The company has until May 3 to dispute the United States Securities and Exchange Commission’s identification of its status under the Holding Foreign Companies Accountable Act (HFCAA).

04/13/22

PhilWeb net profit down 22% in Q1

The electronic gaming outlet service provider has reported profit of Php5.6m (US$108,000).

04/13/22

Concern grows over Covid-19 cases and the impact on Macau’s Labour Day break

Ho Iat Seng, Macau’s chief executive, has voiced concerns for the holiday period if Covid-19 cases remain high in China.

04/13/22

Delta Corp posts US$6.3m profit for Q4

The Indian gaming company reported a 17 per cent decline in profits for the fourth quarter of fiscal year 2022.

04/12/22
Macau MICE events attendees down 8.7% in Q1

Three Macau casino operators could report negative EBITDA for Q1

04/11/22

Macau average daily revenue up 3% last week

Macau registered a daily revenue of MOP100m in the week to April 10th, up 3 per cent compared with the prior week.

04/11/22
us1-billion-loss-for-macau-casinos-in-q2

Macau keeps Covid-19 test requirements for Guangdong arrivals

04/11/22

Melco creates voluntary scheme for share options

The new options have an exercise price of US$2.4667 per share for eligible employees and other eligible people associated with the company.

04/11/22

PAGCOR remits US$116.8m to Philippines National Treasury

The regulator has remitted over PHP6bn in cash dividends, bringing its total remittances for dividend years 2016 to 2021 to PHP48.94bn.

04/08/22

Alex Chow retires as Aquis Entertainment non-executive director

Chow said the continued Covid-19 lockdowns in Hong Kong have made it difficult for him to continue his involvement with the group..

04/08/22

Macau visitor volume affected by Covid-19 surge in Shanghai, MGTO says

Macao Government Tourism Office director Maria Helena de Senna Fernandes, said the number of tourists to Macau has dropped due to Covid-19 cases in Shanghai.

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Highlighted Interview

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Gaming News, Focus Africa, Focus Latin America, Focus Brasil and Focus UAE – five daily releases focusing exclusively on these specific markets.