MGM China Gains 22% on Cotai Growth in July-September 2019 Period

The addition of 25 new-to-market VIP tables at MGM Cotai helped to spur revenue growth at MGM China, though the mass market is seen as the prime growth opportunity going forward.

SJM Holdings Misses Estimates in July-September 2019 Period

SJM Holdings reported lower-than-expected EBITDA in the July-September 2019 period as VIP gross gambling revenue tumbled 43% in the quarter.

Okada Manila Earnings Margin Improving

Okada Manila’s EBITDA margin appears to be improving on operational changes, table pricing and an improvement in non-gaming amenities, Union Gaming wrote in a note.

Okada Gaming Revenue Jumps 29.5%

Okada Manila saw gross gaming revenue (GGR) rise 29.5% in September, with strong gains from both the VIP and mass market segment.

Nagacorp Reports 20% Growth in Gross Gaming Revenue

Nagacorp, the operator of the NagaWorld resort in Phnom Penh, which has also expressed interest in bidding for the potential Sasebo IR, reported that gross gaming revenue (GGR) in the first nine months of the year was US$1.28 billion, up 20% year-on-year, with the mass market slightly outperforming the VIP sector.

JCM Global Gaming Business Sees Rising Profitability

JCM Global posted net profits of 1.3 billion yen (about US$12 million) for the fiscal year ending on March 31, which was a 39.5% year-on-year increase for the firm. Net sales reached a total of 31.3 billion yen (about US$290 million).

Okada Manila August Revenue Up on VIP Growth

Universal Entertainment has announced that Okada Manila saw a substantial rise in gross gaming revenue in August 2019, driven by a boost in its VIP business.

Imperial Pacific Pays License Fee, But Financial Woes Continue

It has been confirmed that Imperial Pacific International has now paid the remaining US$10.5 million which it owed to the Commonwealth Casino Commission (CCC) in license fees, but the company is reporting financial losses in the first half of 2019.

Galaxy Earnings Flat But Tops Forecasts for April-June 2019 Period

Galaxy Entertainment posted flat adjusted EBITDA for the April-June 2019 period, as well as lower revenue, but the results nevertheless topped analysts’ forecasts, helped by higher hold.

Okada Manila Opens New Rooms as July Revenue Jumps

Universal Entertainment said Okada Manila is opening more hotel rooms to accommodate visitors as its July revenue spiked 48% from the prior year.

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