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Galaxy and Melco Recognized at the International Gaming Awards

Galaxy Entertainment Group and Melco Resorts & Entertainment were recognized at the 12th International Gaming Awards held in London last week.

Sega Sammy’s Baccarat Gaming Machine Thriving at MGM Casinos

Sega Sammy Creation announced that it successfully installed its "Baccarat Maximum Fortune" gaming machine at MGM Macau on January 23. This follows the debut the same variety of machine at MGM Cotai last June, indicating that it has been well-received.

Pansy Ho Makes a Play for SJM Board

Last Wednesday night, an alliance was formed between Shun Tak Holdings, a company owned by Stanley Ho, Fok Foundation, and three parties controlled by Pansy Ho with the aim of “advancing fundamental objectives” in relation to the STDM Group, and SJM Holdings.

Economic Concerns a Buying Opportunity for Gaming Stocks

Analysts from Morningstar have echoed recent calls for investors to hold onto their Macau gaming stocks, despite fears around China’s economic slowdown and the US trade war.

Macau Government Still Analyzing Gaming License Refreshment

The Macau government is still currently analyzing a technical report which would help determine their approach to the refreshment of Macau’s gaming concessions.

Melco’s Studio City to Stop VIP Gaming from 2020

Melco Resorts & Entertainment’s Studio City IR in Macau plans to stop VIP rolling chip operations from January 15, 2020, reflecting its second switch on high rollers since opening in 2015.

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.

Genting Still Interested in Macau

Genting Berhad Chairman and CEO Lim Kok Thay said the operator would be interested in bidding for a license in Macau should the government open the market to further entrants during the concession renewal process, local media reports.

Operators May See Higher Taxes After Concession Renewal

The most significant risk for Macau’s six operators when it comes to concession renewals is likely to be higher taxes, or other “economic rent,” Bernstein Research said in a note.
Sands China Key Driver

Sands China Key Driver for Las Vegas Sands

Sands China is likely to be the key driver for Las Vegas Sands for the next few years as it benefits from the increasing size of the mass market, according to an in-depth analysis of the group by Bernstein Research.

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Elaine Wynn Attempts to Stop Re-Election of Legacy Directors

In her latest attempt to ‘freshen up’ the Wynn Resorts board, co-founder and majority shareholder Elaine Wynn is seeking support from shareholders to stop the re-election of one of its long-standing directors, John J. Hagenbuch.

Kangwon Land Profit Falls 30 Percent in 2018Q1

Kangwon Land, South Korea’s only casino that allows Korean nationals to enter, reported a 30.3 percent decrease in profit for the first quarter of 2018.

Dynam Sees Rising Profits in FY2017

Pachinko hall operator Dynam reported a 13.3 percent increase in its profits before tax as compared to the previous year.

Maruhan Suffers 7.6% Revenue Decline in FY2017

Maruhan, operator of the second-largest number of pachinko halls and number one in terms of sales, suffered a 7.6% decline in overall revenues in FY2017, extending a decline that has continued for several years.

IR Bill Expected to Pass House of Representatives on June 14

According to Japanese media reports, the ruling party intends to pass the IR Implementation Bill thorough the Cabinet Committee on June 13 and through a plenary session of the House of Representatives on the following day, June 14.