#hong kong listed

World Casino News

XSGames Joins Palasino Holdings IPO to Exapnd in Europe

Following the 2022 US market entry, the Taiwanese gaming and investment company XSGames is working to expand its slot machine developments to European market. As reported, the online gaming content and slot machine supplier is following the initial public offering of Palasino Holdings Ltd in Hong Kong stock exchange to avail of Palasino's verticals…

Industry ・ 23 days

South China Morning Post

Casino operator Wynn Resorts beats fourth-quarter profit estimates on improved Las Vegas, Macau performance

Wynn Resorts, the controlling shareholder of Wynn Macau, beat fourth-quarter profit estimates on stronger gaming, luxury retail and hotel bookings at its Macau and Las Vegas properties. The company posted adjusted profit of US$1.91 per share, exceeding analysts' estimates of US$1.15, according to LSEG Data & Analytics. Operating revenue came in at…

Travel ・ 08 February 2024

GGRAsia

LT Game readies new LMG product as Macau recovers: Chun

A new'live multi-game' (LMG) product for electronic versions of casino games featuring a live dealer, is being planned for launch before year-end by Macau-based specialist in the field, LT Game Ltd, said boss Jay Chun (pictured), in an interview with GGRAsia. The newcomer, branded "Nera", should make an appearance "by the end of this year", stated…

Industry ・ 21 September 2023

iGaming Business

Saipan casino saga slithers toward second attempt

Over the past decade, Imperial Pacific International's Saipan casino project has gashed a path of destruction across the Commonwealth of Northern Marianas Islands, specks of US Pacific territory at least four hours' flying time from Asian markets. Among the ruins: unfinished, shuttered Imperial Palace casino hotel despoiling Saipan's downtown…

Incidents ・ 27 May 2023

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GGRAsia

Int Ent to buy 382 RGB slots for New Coast Hotel Manila

Hong Kong-listed International Entertainment Corp is buying a total of 382 slot machines of various models from RGB International Bhd, in a deal worth just over US$5.7 million. International Entertainment announced the agreement in a filing on Friday to the Hong Kong bourse. The machines to be acquired from RGB are to be deployed at New Coast Hotel…

Industry ・ 22 May 2023

Sigma

Palasino eyes online expansion with Malta gambling license

Far East Consortium said its gaming business, which recently rebranded as Palasino, obtained an online gambling licence in Malta this month. The Hong Kong-listed company said the online business will help to attract more guests and will complement its land-based business. Palasino operates three casinos in the Czech Republic. Far East said revenue…

Finance ・ 30 November 2022

GGRAsia

Success Dragon slot mgmt revenue down 63pct, posts loss

Gaming services provider Success Dragon International Holdings Ltd said in a Monday filing to the Hong Kong Stock Exchange that it moved to a HKD1.6-million (US$200000) net loss in the six months ended September 30, versus a net profit of HKD4.4 million in the prior-year period. Revenue generated from what the group terms "provision of services on…

Finance ・ 29 November 2022

Seeking Alpha

Searching for green shoots with Macau casino stocks (OTCMKTS:WYNMF)

The painfully slow recovery in Macau may have taken another step forward after Macau daily revenue for the week ending November 13 was reported to be 37% higher than the first six days of November. The relative jump in Macau gross gaming revenue was likely tied to mass testing for COVID ended in Macau on November 5, according to Jefferies analyst…

Finance ・ 14 November 2022

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World Casino News

Macau licensing move for Wynn Macau Limited

Asian casino operator Wynn Macau Limited has reportedly applied for a new ten-year license that would give it official permission to continue offering gambling entertainment at its pair of Macau properties until the end of 2033. According to a report from Inside Asian Gaming, the firm majority-owned by American casino operator Wynn Resorts…

Law ・ 14 September 2022

Yogonet

Macau's casino losses exceed $2B mark in H1 as they await bidding process; recovery not expected until 2023

The struggle for Macau's casinos seems far from over. Macau's 41 casino operators reported half-year losses of $2 billion, and total gaming revenue came in at $3.3 billion. The latest numbers come as the city struggles to recover from its largest Covid outbreak, which saw the lock-down of casinos for two weeks, and as virus restrictions from the…

Covid ・ 24 August 2022

GGRAsia

APE installs Jumbo’s ‘Long Yi Fa’ progressive link in Macau

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd (APE) says it has arranged installation of gaming equipment from Taiwan-based casino equipment supplier Jumbo Technology Co Ltd, in one of the biggest casino resorts in Macau's Cotai district. APE unit Asia Pioneer Entertainment Ltd is a Macau-based distribution, sales and servicing business…

Winnings ・ 23 August 2022

World Casino News

Determined departure for Macau Legend Development Limited

In Macau and local gambling and hotel operator Macau Legend Development Limited has reportedly announced that it has ceased being responsible for the casinos within the 223-room Legend Palace Hotel and smaller Babylon Casino Macau developments. According to a report from GGRAsia, the Hong Kong-listed firm had offered gaming within both of these…

Covid ・ 10 August 2022

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GGRAsia

Microchip lack felt by slot makers says MGEMA boss Chun

A global shortage of computing microchips is currently the biggest challenge for gaming machine manufacturers, says businessman Jay Chun (pictured in a file photo), president of the Macau Gaming Equipment Manufacturers Association (MGEMA), in comments to GGRAsia. Disruption to regional logistics due to the Covid-19 pandemic was another hurdle for…

Covid ・ 05 August 2022

GGRAsia

APE white paper on metaverse for casino resort marketing

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd (APE) has issued a "white paper" on the advantages for casino operators in using new-generation 3D digital imaging known as the "metaverse" for consumer marketing. The company has been mainly known as a distributor and technical support provider for third-party casino equipment sold into…

Travel ・ 26 July 2022

Forbes

Hong Kong Casino Stocks Slide As Macau Clamps Down On Covid Spread With Fresh Lockdown

Major Hong Kong-listed gambling stocks slumped heavily on Monday after the city of Macau shut down all of its casinos and ordered its residents to stay at home for a week, as local officials attempt to halt an ongoing Covid outbreak and closely align the city's pandemic measures with mainland China's zero-Covid policy. In afternoon trading on…

Covid ・ 11 July 2022

GGRAsia

Westside casino still scheduled for 2024 launch: Suntrust

The opening of a five-star hotel and casino complex at the Westside City Project (pictured in an artist's rendering) in Manila, the Philippine capital, remains scheduled for 2024, says Suntrust Home Developers Inc, the property's promoter. "As of December 31, 2021, the construction work of pile cap has been completed while the construction works of…

Land-based ・ 27 May 2022

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NagaCorp Shows Recovery Despite Russia Casino Pause

NagaCorp's Q1 financial results show a marked improvement following recent COVID-19 restrictions and the pause of its Russia casino development. [Image: Shutterstock.com] NagaCorp seems to be gradually bouncing back from some of its recent struggles. The Hong Kong-listed casino company has announced its first quarter financial results, showing a…

Covid ・ 04 April 2022

World Casino News

Russian casino zone inks South Korean commitment

In Russia and the state-owned Primorsky Krai Development Corporation has reportedly signed a deal that is to see South Korean enterprise Plgen Holdings Company Limited bring a $23.9 million casino resort to the Primorye Integrated Entertainment Resort zone. According to a report from Asia Gaming Brief, this arrangement was inked despite the ongoing…

Travel ・ 22 March 2022

World Casino News

Macau casino firms experience second share slump

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the ongoing presence of coronavirus. According to a report from Inside Asian Gaming, the combined market cap of the Hong Kong-listed sextuplet…

Covid ・ 15 March 2022

GGRAsia

DEQ, LT Game partner to deliver EZ Baccarat in Asia

Canadian gaming supplier DEQ Systems Corp and LT Game Ltd on Thursday announced a cross-border partnership to deliver DEQ's no commission EZ Baccarat game on LT Game's Live Multi Game (LMG) systems worldwide. Under the deal, LT Game will also distribute the traditional live table game version of EZ Baccarat in Asia Pacific. Macau-based gaming…

Baccarat ・ 21 February 2022

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Macau Police Arrest Another Casino Kingpin in Latest Raid

Police in Macau have arrested a casino kingpin with links to fallen junket billionaire Alvin Chau Cheok-wa in a raid that netted HK$4.1m (US$525745). Macau's Judiciary Police (PJ) arrested Macau Legend Development's CEO and controlling shareholder Chan Weng Lin on Friday. Another man, which media sources believe to be Choi Wai Chan, chairman of…

Incidents ・ 31 January 2022

GGRAsia

Rich Goldman deal re VIP room at Solaire Manila ends Jan 1

A profit-share deal involving Hong Kong-listed casino junket promoter Rich Goldman Holdings Ltd, that made possible the introduction of gamblers to a VIP room at Solaire Resort and Casino (pictured) in the Philippine capital, Manila, will be mutually cancelled with effect from Saturday (January 1) by the parties involved, said Rich Goldman in a…

Covid ・ 31 December 2021

World Casino News

Fitch Ratings Incorporated warning for trio of Macau casino giants

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly assigned a trio of firms behind some of the largest casinos in Macau with a'ratings watch negative' appraisals largely due to ongoing'regulatory uncertainty'. According to a report from GGRAsia, the move from the New York-headquartered firm involving SJM Holdings Limited, Las…

Travel ・ 13 December 2021

Asgam

Century Entertainment granted two gaming tables as Ng Man Sun opens new casino in Cambodia’s Dara Sakor

Hong Kong-listed Century Entertainment International Holdings Ltd says it has been assigned two gaming tables, with more expected to follow, to be operated by the company as part of an agreement related to a new casino in Dara Sakor, Cambodia. The casino in question is run by Century Entertainment's own Chairman and CEO, Ng Man Sun, who commenced…

Land-based ・ 10 December 2021

GGRAsia

Several Manila casinos confirm no current Suncity ops

Two casino resorts in the Philippine capital Manila have confirmed to GGRAsia they no longer have links to junket brand Suncity Group and say respectively that the separation was some time ago; an on-site check at a third casino venue shows that a Suncity-branded room has not been open since early last week. The information comes as all Suncity VIP…

Travel ・ 06 December 2021

CNBC

Macao arrests 11 people for illegal gambling and money laundering

Macao police said on Sunday they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organizes trips to Asian casinos for big spending gamblers, was questioned at a police station. The police said in a statement that people involved in the case acknowledged the…

Law ・ 05 December 2021

Reuters

Macau gambling group Suncity's shares plunge after CEO arrested

HONG KONG, Nov 30 (Reuters) - Shares of Macau gambling group Suncity Group Holdings Ltd (1383.HK) slumped 40% in resumed trade on Tuesday after its CEO was arrested over alleged links to cross-border gambling. The company said he intends to resign. Alvin Chau, also the founder of Macau's biggest junket operator which brings in high rollers to play…

Industry ・ 30 November 2021

Aljazeera

Macau police arrest 11 for alleged illegal gambling

Arrests come a day after junket mogul Alvin Chau is questioned by police in the special administrative region. Macau police said they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organises trips to Asian casinos for big-spending gamblers, was questioned…

Law ・ 29 November 2021

Spectrum News

China issues warrant for Suncity boss over illegal gambling

BEIJING (AP) - Macao police on Saturday detained the head of Macao's biggest junket organizer and others after Chinese authorities issued an arrest warrant for them over accusations that they ran an illegal cross-border gambling syndicate. The arrests in the gambling enclave came after prosecutors in Wenzhou, in the eastern province of Zhejiang, on…

Law ・ 27 November 2021

GGRAsia

Remote bets, blockchain can aid Jeju casinos: scholars

Jeju island, a semi-autonomous region of South Korea, with its own regulatory system for its foreigner-only casinos, should consider permitting casino-based remote gambling and blockchain technology for casino gambling transactions, to help the sector recover from the Covid-19 pandemic, said respectively several speakers at a Thursday discussion…

Crypto ・ 12 November 2021

GGRAsia

Nagasaki seeks in Oct more on Casinos Austria IR funding

Nagasaki prefecture has asked the casino development consortium led by Casinos Austria International Japan Inc to provide within this month a detailed plan of the consortium's structure, and how it will raise funds. That is according to reports of topics discussed at the most recent session of the prefectural assembly, which ended on Thursday. The…

Finance ・ 11 October 2021

GGRAsia

Success Dragon confirms new deals with two Macau casinos

Gaming services provider Success Dragon International Holdings Ltd is to "supply, set up and manage" a minimum of 120 slot machines and multi-terminal machine units in the slot halls of Macau casinos Grandview and Casa Real (pictured in a file photo), respectively. The announcement was made by the firm in a filing to the Hong Kong Stock…

Travel ・ 20 September 2021

Forbes

Asia’s Casino Fortunes Falter As Macau Threatens Crackdown On Gaming

Several of the region's wealthiest casino moguls saw their fortunes tumble this week after officials in Macau launched a regulatory review that threatens to tighten the government's grip on "Asia's Las Vegas." The Macau government said on Tuesday that it's seeking to re-evaluate the laws that govern the world's largest gambling hub. The 45-day…

Incidents ・ 17 September 2021

GGRAsia

Nagasaki assembly question on casino RFP complaints

A Thursday session of the Nagasaki prefectural assembly produced one question on why two rejected suitors for that Japanese community's tilt at having a casino resort had been complaining the request-for-proposal (RFP) phase was faulty. That is according to information collated by GGRAsia's Japan correspondent. Two assembly members belonging to the…

Politics ・ 16 September 2021

GGRAsia

Manila casino firm changes name to Suntrust Resort Holdings

Suntrust Home Developers Inc, a firm involved in the creation of a casino hotel at the Westside City scheme (construction site pictured), in the Philippine capital Manila, confirmed in a Tuesday filing that the board had on Monday approved changing the company's name to Suntrust Resort Holdings Inc. As of August, the casino at Westside City was…

Travel ・ 08 September 2021

Mint

Covid-19 has China’s gambling hub on a long losing streak

Business remains muted in the once-bustling casinos of Macau more than a year and a half into the Covid-19 pandemic, while gambling operators wait for tourists to return en masse to the Chinese city. In August, gross gambling revenue in Macau slumped to the equivalent of $554 million, its lowest monthly total this year and a far cry from the $3…

Covid ・ 01 September 2021

GGRAsia

Int Ent confirms Manila casino mgmt deal with Pagcor

Hong Kong-listed International Entertainment Corp says a cooperation agreement with the Philippine Amusement and Gaming Corp (Pagcor) - involving creating a management committe for the former's existing casino in Manila - is now in place. The company said in a filing on Monday it had been "recently notified" via a subsidiary regarding reception of…

Covid ・ 31 August 2021

GGRAsia

Dream Tower casino revenue US$3.6mln in opening 20 days

Lotte Tour Development Co Ltd, operator of the Jeju Dream Tower casino resort (pictured), on Jeju island, South Korea, released on Tuesday - via a note by Hana Financial Investment Co Ltd - its first set of gaming sales data, covering the period from the casino's opening on June 11, to June 30. Gaming revenue for the stub month, was just under…

Finance ・ 18 August 2021

GGRAsia

Int Ent delays realising Manila casino mgmt deal with Pagcor

Hong Kong-listed International Entertainment Corp says the carrying out of a cooperation agreement with the Philippine gaming regulator - involving creating a management committe for its existing casino in Manila - has to be "postponed" for now. The company said the decision was linked to pandemic-related developments, that had seen the Philippine…

Covid ・ 16 August 2021

Vegas Slots Online

Nagasaki Prefecture Chooses Casinos Austria as IR Partner

The local government of the Japanese prefecture of Nagasaki has finally made a decision in regards to its integrated resort (IR) partner. Officials have selected Casinos Austria to develop and operate the region's casino offering on a 30-hectare site at Huis Ten Bosch at Sesebo City. 697 points in the prefecture's request-for-proposal process In a…

Travel ・ 10 August 2021

Gambling Insider

SJM H1 net gaming revenue rises 19.4%

Hong Kong-listed SJM Holdings had announced that total group net revenue rose 19.4% year-on-year to HK$5.22bn in the first half of 2021. The results come after SJM Holdings opened the $5bn Grand Lisboa Palace in Cotai. The group's net gaming revenue increased by 18.8% to HK$5076m in the same period a year earlier. Adjusted EBITDA improved by 48.2%…

Finance ・ 04 August 2021

GGRAsia

Int Ent, Pagcor to sign deal to manage Manila casino venue

Hong Kong-listed International Entertainment Corp says that a Philippine subsidiary, Marina Square Properties Inc, is to sign an agreement with that country's casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), regarding the management of a casino venue in Manila. Marina Square Properties runs the New Coast Hotel Manila (pictured)…

Land-based ・ 19 July 2021

Asgam

COVID-19 sees Philippines President Duterte change tune on online gambling

Once an ardent critic of all gambling activities, having quashed new casino developments in Boracay and Manila, Philippines President Rodrigo Duterte now considers gambling a necessary source of funds to fight the COVID-19 pandemic. Duterte outlined his views during a meeting with political party officials on Wednesday, with state-owned Philippine…

Covid ・ 07 July 2021

World Casino News

First-quarter launch expectation for Cambodian casino

Century Entertainment International Holdings Limited has reportedly announced that it intends to launch high-end gaming table operations at a new casino in southwest Cambodia before the end of March. According to a report from Inside Asian Gaming, the Hong Kong-listed firm revealed that the coming facility is set to debut in the Dara Sakor…

Covid ・ 06 February 2021

Calvin Ayre

Imperial Pacific close to having an online gambling site to mismanage

Online gambling could be coming to the Commonwealth of the Northern Mariana Islands (CNMI) as a financial lifeline to Saipan's only casino operator Imperial Pacific International (IPI). On Tuesday, the CNMI Senate approved the final reading of House Bill 21-31, which authorizes the CNMI's three'senatorial districts' - Saipan & the Northern Islands,…

Gambling Sites ・ 19 January 2021

GGRAsia

Dynam looks to get casino video slots into Singapore

Hong Kong-listed Dynam Japan Holdings Co Ltd says Singapore regulatory approval is being sought for a series of casino video slot machine products it has been involved in developing. Macau-approved units of the series, which feature a "pachinko game concept" have already been installed in two casinos in Macau. The seeking of Singapore approval was…

Covid ・ 19 January 2021