Tagged coronavirus

Welcome recovery for Sega Sammy Holdings Incorporated

May 17, 2022

Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

In Japan and gaming conglomerate Sega Sammy Holdings Incorporated has reportedly released its financial results for the twelve months to the end of March showing that its net sales had increased by 15.6% year-o...

Macau casino operators would benefit from a rumored tax cut proposal

Adam Morgan

May 16, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Taxation

American investment bank JPMorgan Chase and Company has reportedly forecast that the over 40 casinos in Macau could boost their earnings by up to 15% a year should the local government decide to decrease the ra...

Universal Entertainment Corporation returns to profit as Okada Manila sales surge

Adam Morgan

May 16, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Game manufacturers, Economy/Finance, Japan

Japanese pachinko, slot and arcade games manufacturer Universal Entertainment Corporation has reportedly released its first-quarter financial results showing that its net income had swelled by over 260% year-on...

Depressing first-quarter financials for Galaxy Entertainment Group Limited

Adam Morgan

May 12, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Macau casino operator Galaxy Entertainment Group Limited has released its unaudited financial results for the first three months of 2022 showing that its aggregated net revenues had fallen by 20% year-on-year t...

City of Dreams Mediterranean grand opening could potentially be delayed

Adam Morgan

May 6, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Cyprus, Economy/Finance, Licenses

On the island nation of Cyprus and the opening date for the €550 million ($581 million) City of Dreams Mediterranean development from Melco Resorts and Entertainment Limited could reportedly soon be pushed back...

Flutter Entertainment heralds positive first-quarter performance

Adam Morgan

May 5, 2022

Ireland, Online gaming software, Latest Casino and Gambling News, U.S.A., NFL, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, United Kingdom

British and Irish iGaming behemoth Flutter Entertainment has reportedly disclosed that the ongoing cost of living crisis in the United Kingdom is not putting punters off gambling as it chalked up a rise of 6% y...

Grand Korea Leisure Company Limited experiences April revenues crash

Adam Morgan

May 5, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Grand Korea Leisure Company Limited reportedly saw its aggregated gross gaming revenues for April drop by 34.6% year-on-year and almost 81% sequentially to a very disappointing $4.5...

Atlantic City casino workers union seeking ‘significant’ pay increases

Adam Morgan

May 4, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, New Jersey

In Atlantic City and the Local 54 branch of the Unite Here trade union is reportedly engaged in extensive negotiations as part of an effort to secure ‘significant’ wage rises for those employed by the resort co...

MGM China Holdings Limited chalks up depressed first-quarter financials

Adam Morgan

May 3, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

Macau casino operator MGM China Holdings Limited has released its unaudited first-quarter financial results showing that its aggregated revenues dropped by 9% year-on-year to approximately $267.57 million. T...

April setback for Macau aggregated gross gaming revenues

Adam Morgan

May 2, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The over 40 casinos in Macau reportedly saw their aggregated gross gaming revenues for April decline by over 68% year-on-year to hit a 19-month low of just over $331.19 million. According to a report from GG...

Las Vegas Sands Corporation boss expresses Marina Bay Sands optimism

Adam Morgan

April 28, 2022

Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Singapore

The boss for American casino operator Las Vegas Sands Corporation has reportedly announced that he expects his company’s Marina Bay Sands property to rack up $1 billion in adjusted earnings before interest, tax...

Macau chalks up reduced first-quarter gaming tax revenues

Adam Morgan

April 26, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Macau, Taxation

The over 40 casinos in the gambling-friendly enclave of Macau reportedly contributed almost $1.08 billion in aggregated taxes during the first three months of the year including approximately $371.21 million in...

Colombia posts record aggregated first-quarter gross gaming revenues

Adam Morgan

April 26, 2022

Colombia, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Sports betting, Taxation

First-quarter aggregated gross gaming revenues in the South American nation of Colombia reportedly increased by 17% year-on-year to top $44.4 million with online casino activities contributing approximately $12...

SJM Holdings Limited liquidity position labelled ‘somewhat worrying’

Adam Morgan

April 25, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

American investment bank JPMorgan Chase and Company has reportedly labelled the liquidity situation of Macau casino operator SJM Holdings Limited as ‘somewhat worrying’ over concerns related to its ability to r...

Bloomberry Resorts Corporation to open Solaire North venue in 2023

Adam Morgan

April 22, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Online Gambling News, Philippines

In the Philippines and the Chairman for local casino operator Bloomberry Resorts Corporation has reportedly announced that his firm remains ‘on track to open’ its new Solaire North development before the end of...