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Focus Gaming News Asia Pacific | Finance

Finance

Check the latest Finance news

09/10/20

Wynn downgraded over Macau performance

Goldman Sachs has dropped the US-based operator’s rating from “buy” to “hold”.

09/09/20

Chinese lotteries see double-digit growth

Lottery sales were up 10.4 year-on-year in July, mainly due to the rise in sports lottery sales as events returned around the world.

09/08/20

Macau: September GGR to double August’s

Analysts say early September numbers nearly double casinos’ average daily GGR rate for August.

09/08/20

AGEM index continues recovery

The AGEM Index has seen stock prices climb 14.5 per cent since July.

09/08/20

Paradise Co. sales down 75% in August

Financial results show a 75 per cent year-on-year drop in casino sales for the South Korean operator. 

09/07/20

Macau: Galaxy to avoid “excessive” cost cutting

The chairman of the casino company says Galaxy will “not cut costs excessively” in order to maintain customer service capacity.

09/04/20

South Korea: New Silkroad reports losses for H1

The casino company, which operates a resort on Jeju Island, has revealed financial results for the first half.

09/03/20

SkyCity reveals full-year results

The casino resorts company saw revenues rise but profits fall in its 2019/20 financial year.

09/03/20

NZ racing minister asks TAB to aid industry

TAB NZ will have to present a report and a contingency plan by the end of the year.

09/02/20

HK Jockey Club annual revenue down 11.6 per cent

Total revenue for the past fiscal year amounted to HK$218,749 million (US$28.2 billion), mostly from horse racing.

09/02/20

Donaco narrows losses as revenues drop 38%

The Australian operator’s casino in Vietnam is running limited operations and its casino in Cambodia remains closed.

09/01/20

Macau GGR down 94.5% in August

Gross gaming revenues is down by more than 90 per cent year-on-year for a fifth consecutive month.

09/01/20

Suncity posts 69.5% drop revenue for H1

Revenues fell to RMB93.7m (US$13.6m), while gross profits dropped 45.8 per cent to RMB28m (US$4m).

08/31/20

Success Universe reports US$17m net loss for H1

Casino operator Success Universe, responsible for Ponte 16 casino, has reported revenue of HK$333.8 million for the first half.

08/30/20

Ainsworth full-year revenues down 36%

The company eliminated 107 positions globally and employees took voluntary pay cuts to save US$7.3 million in costs.

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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 Latin America, Focus Brasil, Focus Africa and Focus UAE – five daily releases focusing exclusively on these specific markets.