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Focus Gaming News Asia Pacific | Finance

Finance

Check the latest Finance news

05/18/22

PH Resorts net losses widen in Q1

The company’s loss in the period widened to PHP109.1m (US$2m).

05/17/22

Universal Entertainment report shows positive net income for Q1

Universal Entertainment Corp has posted net income of JPY10.9bn (US$84.m) for the quarter ending March 31.

05/11/22

Grand Korea Leisure casino sales up 612.3% in Q1

GKL has reported that net casino sales from its three venues rocketed 612.3 per cent when compared to last year.

05/11/22

Kangwon Land GGR down 10.1% for Q1

Kangwon Land has shared its financial results for the first quarter of the year. GGR was down 10.1 per cent sequentially but up 116.7 per cent year-on-year.

05/04/22

Grand Korea Leisure casino sales down 80.6% in April

Grand Korea Leisure has reported casino sales of KRW5.77bn (US$4.6m) in April, down 80.6 month-on-month.

05/03/22

SJM Holdings GGR down 4.2% in Q1

The Macau casino operator has reported gross gambling revenue of HK$2.54bn for the first quarter of the year.

05/03/22
PAGCOR warns over fake bidding transactions

PAGCOR reports net income of US$11.8m for Q1

04/26/22
Finance

Macau gaming tax revenue reaches US$1.08bn in Q1

04/25/22

Analysts at JP Morgan raise concerns about SJM Holdings’ liquidity

According to analysts, SJM Holdings has only about six months of liquidity runway.

04/21/22

Macau casino stocks rise after easing of Covid-19 countermeasures

The shares of Macau casino operators rose between 4 and 8 per cent. The Hang Seng Index rose by 1 per cent.

04/21/22

Bloomberry’s board approves amendment to stock incentive plan

Bloomberry Resorts Corp’s board of directors has approved revisions to the company’s stock incentive plan, which now excludes directors.

04/12/22

Macau GGR won’t return to pre-pandemic levels until 2027, UBS says

The financial services company says Macau GGR for 2022 will be at 34 per cent of 2019 levels.

04/11/22

Seized IPI funds to be released to Red Coral Corp

Chief Justice Ramona Manglona has ordered the clerk of court to transfer the $9,387 of funds seized from IPI’s bank account to Red Coral Corp.

04/08/22

RHB raises Genting Singapore target price amid reopening of borders

Genting Singapore’s target price now ranges from S$.090 to S$0.95.

04/08/22

Melco Resorts CEO awarded restricted shares worth US$15.2m

Melco CEO Lawrence Ho Yau Lung has been awarded 2,052,206 shares worth US$15.2m.

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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.