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Focus Gaming News Asia Pacific | Finance

Finance

Check the latest Finance news

10/29/21

Belle Corp net income up 84% for the first nine months of 2021

Belle Corp has reported net income of PHP693.5m (US$13.8m) for the first nine months of the year, up 84 per cent when compared to 2020.

10/28/21

SJM Holdings earnings to improve, analysts say

10/28/21

PAGCOR posts US$2.1m in net income for Q3

PAGCOR has shared its financial results for the third quarter of the year, reporting net income of nearly PHP104.9m (US$2.1m).

10/27/21

Investment firm launches third Macau gaming fund

Ossolinski Holdings has launched a third investment fund for “contrarian investors” who wish to invest in Macau gaming stocks during the current pandemic downturn.

10/27/21

Macau Gaming Tax revenue down 45.9% in September

Macau’s tax revenue from the gaming industry declined 45.9 per cent month-on-month in September, from MOP3.27bn (US$408m) to MOP1.77bn (US$220.5m).

10/26/21

Moody’s to review SJM Holdings’ rating after refinancing delay

10/26/21

Macau GGR doubles in third week of October

Macau’s GGR for the third week of October reached average daily revenue of MOP157m (US$19.6m), up 98 per cent when compared to MOP79m in the previous week.

10/22/21

Crown Perth gaming revenue down 9% in the last three months

Crown Resorts has shared its financial results for its Perth venue at its annual general meeting.

10/21/21

Macau Jockey Club records US$212.5m in losses for 2020

The Macau Jockey Club has shared its financial results for the year 2020, reporting a MOP1.7bn (US$212.5m) loss.

10/21/21

Sands China posts US$423m net loss for Q3

Sands China has reported a net loss of US$423m for the third quarter of 2021, compared to a loss of US$166m in the previous quarter.

10/19/21

Macau GGR down 26% for Q3

Macau has reported gross gambling revenue of MOP$18.76bn (US$2.34bn) for the third quarter of the year, down 26 per cent quarter-on-quarter.

10/15/21

Okada Manila to go public by merging with SPAC

Okada Manila has signed a US$2.6bn merger agreement with 26 Capital Acquisition Corp that will let the company go public in the United States.

10/14/21

Macau: IMF forecasts GDP growth of 20.4% for 2021

The International Monetary Fund has downgraded its predictions for Macau’s economy as the city has been heavily impacted by the Covid-19 pandemic.

10/13/21

Macau’s gaming market may not recover until 2025, analysts say

Analysts at Sanford C. Bernstein predict Macau’s gaming market will return to pre-pandemic levels by 2025.

10/12/21

Delta Corp posts US$5.5m in gross income for Q3

The Indian gaming company reported a rise in gross income during the third quarter of the year.

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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.