Scientific Game

Daily News

Genting Hong Kong expecting narrowed 2017 loss Genting Hong Kong has announced that it expects to record a consolidated net loss of between US$240 million and US$270 million for the year ended 31 December 2017, narrowed from a loss of US$537 million in 2016. In a filing to the Hong Kong Stock Exchange, the company attributed its expected loss t...
Thursday, 01 February 2018 07:53

97% of US Super Bowl bets to be placed illegally: AGA The American Gaming Association (AGA) estimates Americans will wager approximately US$4.76 billion on Super Bowl 52 on Sunday, of which 97% will be illegal wagers. In a press release pushing for the federal ban on sports betting – currently being examined by the US Supreme Court, the AGA said t...
Wednesday, 31 January 2018 07:11

Silver Heritage reports record patronage at Tiger Palace Resort in Nepal Australian-listed Silver Heritage Group says its new Nepal integrated resort, Tiger Palace Resort Bhairahawa, enjoyed its busiest day yet last Friday with more than 660 patrons filling the casino and over 120 guests staying overnight in the hotel. The solid visitation numbers coincided with the Indi...
Wednesday, 31 January 2018 07:01

Imperial Pacific to resume Saipan construction after hiring new contractor, Chairman and CEO Imperial Pacific International says it expects to complete its minimum requirement of 250 hotel rooms at Imperial Pacific Resort in Saipan by August after signing an agreement with a new construction company. Pacific Rim, a US-based company with access to US-eligible workers, has begun studying the...
Wednesday, 31 January 2018 06:41

Ourgame says US$66 million acquisitions based on potential over earnings Chinese gaming giant Ourgame Holdings Ltd says the planned RMB425 million (US$66 million) acquisition of three mainland China-based companies engaged in the development of mobile gaming products is based on potential rather than current performance. Outlining the reasons for the outlay in a filing ...
Wednesday, 31 January 2018 06:08

Mainland China package tours to Macau enjoy strong December growth The number of visitors arriving in Macau on package tours rose 27.8% to 912,000 in December, according to latest figures released by the Statistics and Census Service (DSEC). The surge included a 32.1% increase in visitors from mainland China to 746,000, while visitation from Korea and Taiwan grew 2...
Wednesday, 31 January 2018 05:50

Macau’s gaming regulator meets with Wynn Macau over allegations Macau’s Gaming Inspection and Coordination Bureau (DICJ) has met with representatives of Wynn Macau to discuss the implications of sexual misconduct allegations leveled against the company’s Chairman and CEO Steve Wynn. The local gaming regulator confirmed the meeting via email on Monday, stat...
Tuesday, 30 January 2018 06:28

Scientific Games to raise funds with US$1.2 billion notes offering Scientific Games Corporation has announced that its wholly owned subsidiary, Scientific Games International, Inc is set to offer an additional US$500 million of its 5.000% senior secured notes due 2025, €325 million of senior secured notes due 2026 and €250 million of senior unsecured notes du...
Tuesday, 30 January 2018 05:55

Crown completes US$300 million sale of former Alon site to Wynn Resorts Australian casino operator Crown Resorts Limited announced on Monday that it has completed the sale of 34.6 acres of vacant land on the Las Vegas Strip to neighboring Wynn Resorts. In a filing to the Australian Securities Exchange, Crown confirmed that the land, located on the northern end of Las V...
Monday, 29 January 2018 18:34

G2E Asia 2018 to cover 30% more exhibition space This year’s G2E Asia will be 30% bigger, according to event organizer Reed Exhibitions, with the show now 95% sold out. The significant expansion was revealed in a press release on Monday in which G2E Asia announced that it would also feature four key industry segments across the interactive even...
Monday, 29 January 2018 17:17

What's new

Steve Wynn evicted, given no compensation under Wynn Resorts separation agreement

Steve Wynn evicted, given no compensation under Wynn Resorts separation agreement Wynn Resorts co-founder Steve Wynn will receive no compensation and has less than four months to vacate his personal residence at Wynn Las Vegas under the terms of his separation agreement, the company has revealed. Details of the formal agreement between Wynn Resorts and its former Chairman were d... Monday, 19 February 2018 14:00

Okada Manila delays, Wynn Resorts litigation lead to Universal profit slump

Okada Manila delays, Wynn Resorts litigation lead to Universal profit slump Japan’s Universal Entertainment Corporation has recorded a net loss of ¥13.43 billion (US$125.4 million) for the nine months to 31 December 2017, a significant decline from its previously announced forecast due to construction expenses at Okada Manila, sluggish pachinko and pachislot sales and on... Thursday, 15 February 2018 06:48

Kenneth Rosevear retires from MGM China board

Kenneth Rosevear retires from MGM China board MGM China has announced the resignation of Kenneth Rosevear as a non-Executive Director. Rosevear steps down from the role just a day after the launch of the company’s new Macau integrated resort, MGM Cotai, which opened with a lavish ceremony on Tuesday. MGM said that Rosevear’s departure was... Thursday, 15 February 2018 06:47

Parisian Macao hits five billion social media impressions

Parisian Macao hits five billion social media impressions Sands China’s newest Macau integrated resort, The Parisian Macao, has attracted more than five billion impressions since opening in September 2016. The milestone was revealed by Chairman and CEO Sheldon Adelson in a filing to the Hong Kong Stock Exchange overnight outlining Sands China’s finan... Thursday, 15 February 2018 06:27

Current Issue

Design For Profit

Design For Profit Architect Paul Steelman provides his insights into designing the most expensive privately funded buildings on earth and making and breaking trends. By Muhammad Cohen | Editor-at-Large EMINENT casino architect Paul Steelman helped create the Asian gaming boom with the groundbreaking design of Sands... Monday, 29 January 2018 15:11

Climbing the mountain

Climbing the mountain   ASX-listed Silver Heritage Group finally launched hotel and casino operations at its new Tiger Palace Resort Bhairahawa in late 2017, having survived the 2015 earthquake, a fuel blockade on the Nepal-India border and an AU$19 million (US$14.4 million) funding shortage as a result of the delays. ... Monday, 29 January 2018 15:07

Can sportsbooks survive a 1% tax on handle?

Can sportsbooks survive a 1% tax on handle?   The big news coming out of the United States this year is the likely striking down of the federal ban on sports betting. But with many states licking their lips in anticipation of added tax dollars, the sports betting industry may well have another crippling fight on its hands. THE US Supreme C... Monday, 29 January 2018 15:05

Herman Ng:Macau Pioneer

Herman Ng:Macau Pioneer Inside Asian Gaming discovers a bit more about Herman Ng, CEO and Executive Director of Macau-based slot machine services firm Asia Pioneer Entertainment (APE). Ben Blaschke: Can you start by telling us a bit about yourself and your background? Herman Ng: I grew up in Macau and then when I was 16 ... Monday, 29 January 2018 14:52