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Mohegan reports EBITDA down 7.4% for quarter ending September
Mohegan Gaming & Entertainment has announced its operating results for its fourth fiscal quarter ended September 30, 2020. Net revenues were US$294 million, a 29 percent decrease; income from operations was US$50.2 million, a 220 percent increase; and adjusted EBITDA was US$82.8 million, a 7.4 percent decrease.
IGT reduces 2020 profit outlook after tough Q1
International Game Technology (IGT) said its first-quarter results were affected by Covid-19 related lockdowns beginning in March, and have subsequently reduced its 2020 profit...
Everi posts record revenue in 2019
Everi Holdings achieved record revenues in the 2019 calendar year, due to growth across its games, FinTech and play loyalty businesses.
Said revenue rose 14...
Caesars revenues increase, but swings to a net loss in Q4
Caesars Entertainment recorded strong operational performance in the fourth quarter of 2019 but swung to a net loss of $304 million due to a...
South Korea’s casino operators see varying results in Q3
South Korea’s only locals-permitted casino, Kangwon Land, reported positive results in 19Q3, driven by an uptick in sales, though its foreigner-only peers saw mixed...
Everi continues growth trajectory in 19Q3
Everi Holdings logged its 13th consecutive quarter of year-on-year growth in 19Q3, attributed to the company’s product development initiatives and operating strategies.
The company is...
LRWC dragged by lower VIP turnover, expenses
Higher operating expenses and a significant decline in income from its junket operations saw Leisure and Resorts World swing to a net loss of...
MGE third-quarter revenue flat, income down
Third-quarter revenues edged up slightly for Mohegan Gaming & Entertainment, rising 0.8 percent year-on-year to US$347.6 million, according to a report from the company.
MGE...
Transact posts lower Q2 revenue
Transact Technologies Incorporated posted net sales of $11.4 million in the second quarter of 2019, down 23 percent year-on-year.
The company said this was due...
MGE sees revenue, income fall in first quarter of 2019
Mohegan Gaming & Entertainment, the company behind the Mohegan Sun in Connecticut and Inspire Korea in Incheon, recorded a fall in net income and...
Life After POGOs – AGB Dossier
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Australian market report: How to adapt to the new normal
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Attracting players, not fraudsters
With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
Asia Gaming Briefings – Dec 2020 Edition
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
Asia Gaming Briefings – Nov 2020 Edition
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Asia Gaming Briefings – Oct 2020 Edition
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.