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...
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...
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 Macau, aggregated gross gaming revenues increased for a sixth consecutive month year-on-year in January although the 3.1% rise to $2.4 billion reportedly fell short of some analysts’ previous estimates by an average of 5.4%. After suffering through 26 months of year-on-year declines, Macau’s over 30 casinos saw their aggregated...
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...
American casino giant Las Vegas Sands Corporation has released its financial results for the twelve months to the end of December showing a 2.3% decrease year-on-year in overall revenues to $11.41 billion while its net income fell by some 15.5% to hit $2.02 billion. The Las Vegas-based firm operates casinos...
ALSO: Ftoros has joined the ranks of Georgia Gaming Congress Lavrentiy Gubin, Marketing and PR Director at Storm International will moderate the conference at the Georgia Gaming Congress to be held in Tbilisi on March 1, 2017. Part of his incumbency will include introducing conference speakers to the audience, asking...
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...
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...
Wynn Macau Limited, the Asian arm of Wynn Resorts Ltd, saw a 26.6% decline in year-on-year profits for the fourth quarter of 2016, according to a recently posted financial report from the company. The drop in profits is reportedly due to costs associated with the launch of the Wynn...