In Macau, the Statistics And Census Service has announced that the number of tourists visiting in 2016 increased by 0.8% year-on-year to 30.95 million while the average occupancy rate for the city’s 107 hotels and guesthouses rose by almost two percentage points to reach 83.3%. The figures also show that...
New figures from some of the casinos in Vietnam have reportedly revealed that last month’s decision by authorities in the Asian nation to partially lift their long-standing ban on locals gambling could not have come at a better time for the local industry. According to a report from the VietNamNet...
In a Thursday press release, Fitch Ratings said they have not assigned a rating to US$70 million in 8.5% per annum unsecured notes that Hong Kong-listed Imperial Pacific International Holdings Limited said they had completed an issue of on February 8, 2017. The notes, issued by the sole Saipan casino...
In the United Kingdom, casino operator The Rank Group has released its interim unaudited financial results for the six months to the end of 2016 showing that it experienced a 9% decline year-on-year in operating profit to $45.89 million. The Rank Group is responsible for the Grosvenor Casinos chain of...
In spite of consistently declining admissions, the St. Jo Frontier Casino continues to report revenue gains. The Missouri Gaming Commission released a report on Friday that shows for the month of January, the casino, which is owned and operated by Las Vegas-based Affinity Gaming LLC, experienced a one percent loss...
After announcing in October that it intended to open its new Tiger Palace Resort later this month, Asian casino operator Silver Heritage Group has now delayed the launch after encountering “temporary unexpected delays” that include “a shortage of liquidity in the Nepal banking system”. Sydney-listed Silver Heritage Group made the...
Online gambling operator 32Red apparently had a good 2016 after revealing via a Wednesday trading update that its net annual revenues had increased by 28% year-on-year to hit a record $77.68 million. The London-listed operator of sites including 32Red.com and CasinoSplendido.com, 32Red purchased rival domain RoxyPalace.com mid-way through 2015 and...
Online sportsbetting and gaming provider GVC Holdings has released a trading update regarding its fourth-quarter performance and showing that it expects to report a 7% year-on-year increase in net gaming revenues to just over $249.3 million. Established in 2004, GVC Holdings acquired rival Sportingbet in 2012 before expanding again four...
Global gambling products and services giant Scientific Games Corporation has announced that it has appointed experienced executive Shawn Dennis to serve as its new Executive Vice-President and Chief Marketing Officer. Las Vegas-based Scientific Games Corporation described Dennis as a ‘25-year veteran of entertainment, consumer products and sports marketing industries’...
Despite still recovering from the impact of the previous month’s Typhoon Hato and the comparably weaker tropical storm Pakhar, the over 30 casinos in Macau reportedly saw their aggregated gross gaming revenues for September rise by some 16.1% year-on-year to reach approximately $2.65 billion. According to a report from GGRAsia...