Foxwoods and Mohegan Continue to Feel the Bite of MGM Competition

Foxwoods Resort Casino and Mohegan Sun in Connecticut continue to report significantly lower slot machine revenue more than half a year since MGM Springfield opened its doors in neighboring Massachusetts.

Sega Sammy Records 5.7% Increase in Net Income in April-June Period

Sega Sammy Holdings recorded a group-wide 72.7 billion yen (about US$673 million) net income in the April-June 2019 period, representing a 5.7% year-on-year increase. Operating profits reached 3.4 billion yen (about US$31 million) for the quarter, which was a 265% increase over the 2018 figure.

Las Vegas-Based Operators Report Strong 2018Q3 Results

All four Las Vegas-based operators which are in the hunt for an IR license in Japan reported strong financial results in the July-September period.

Imperial Pacific Swings to Loss in 2018

Imperial Pacific International posted a significant loss for the year ended December 31, 2018, blaming the results on falling revenue, rising impairment losses of trade receivables, and increased expenses in the year.

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.

Tough Times Ahead for Macau Operators

Tightened liquidity and a full smoking ban in Macau will likely pressure VIP and premium mass growth in 2019, warned Morgan Stanley analysts.

Mohegan Revenue Falls in January-March 2019 Period

Mohegan Gaming & Entertainment, the company behind the Mohegan Sun in Connecticut and the forthcoming Inspire Korea in Incheon, recorded a fall in net income and revenues for the quarter ended March 31, 2019.

Sega Sammy Sees Sharp Decline in Profitability in 2018Q2

Sega Sammy Holdings has released new financial data showing a 35.8% decline in sales revenue in the April-June 2018 period as compared to the same period last year, which resulted in a sharp 97.1% decline in net profitability.

Philippines Casino Gaming Revenue Up 22.9% in 2018

Philippines casinos posted 187.5 billion pisos (about US$3.6 billion) in casino GGR in 2018, increasing 22.9 percent year-on-year, according to the latest data from the Philippines gaming regulator.

Caesars Sees 4.9% Revenue Growth in April-June 2019 Period

The strong performance of its Caesars Entertainments’ Las Vegas properties helped to boost its total revenue for the April-June 2019 period. Revenue rose 4.9% year-on-year, reaching US$2.22 billion.

Trending Articles

Anti-Casino Mayoral Candidate Emerges in Wakayama

The issue of Wakayama’s IR bid will be a leading point of contention in the city’s July 29 mayoral election after a decidedly anti-casino challenger, Kumiko Shima, announced her candidacy.

US Supreme Court Strikes Down Ban on Sports Betting

The US Supreme Court has struck down a federal law against sports betting, paving the way for states to introduce legislation and opening a multi-billion dollar market.

Star Entertainment VIP Revenue Surges

Star Entertainment Group said its international VIP rebate business has continued to show strong growth into the second quarter, with turnover jumping almost 64 percent year to date.

Judicial Scriveners’ Association Calls for Scrapping IR Bill

The Japan Federation of Shiho-Shoshi Lawyer's Associations, the leading group for the nation’s judicial scriveners who specialize in legal registration procedures, issued a statement on June 5 calling for the IR Implementation Bill to be scrapped.

Opposition Makes Last Ditch Appeal against IR Bill

Five House of Representatives lawmakers from five separate opposition parties held a press conference within the Diet Building on June 12 in a last ditch attempt to prevent the passage of the IR Implementation Bill through the Lower House.