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 reported lower-than-expected EBITDA in the July-September 2019 period as VIP gross gambling revenue tumbled 43% in the quarter.
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 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).
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 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.
Universal Entertainment said Okada Manila is opening more hotel rooms to accommodate visitors as its July revenue spiked 48% from the prior year.