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...
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...
The Nevada Gaming Control Board released their 2016 financial performance figures, which show that the state saw an overall decline in December gaming revenue, which dropped down to $956.1 million, or 2.7% less than in 2015. At the same time, the all-year gaming wins increased by 1.3%, to $11.25...
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...
American gaming machine innovator Scientific Games Corporation has released an update revealing that it expects to report as much as a 2.4% increase year-on-year in fourth-quarter consolidated revenues while the figure for the full-year could swell by as much as 4.5%. Las Vegas-based Scientific Games Corporation explained that its consolidated...
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...
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...
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 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...
Live online gaming solutions provider Evolution Gaming Group (STO: EVO) has taken home Digital Product of the Year at the 2017 Global Gaming Awards (G2E) for its Dream Catcher Lucky Wheel. Nine other companies that were shortlisted along with Evolution were beaten by the Latvia-based company to walk away with...