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Aquis Entertainment 2020 profits up despite revenue decline
Aquis Entertainment has reported its preliminary final report for the full year 2020. Revenue from operations decreased 23.7 percent to A$18.9 million (US$14.9 million).
Tabcorp H1 profit falls 7% on Covid impact
Tabcorp said its first half net profit after tax fell 7 percent to A$185 million, while revenue declined 1.5 percent, "primarily due to Covid-19 impacts."
Oshidori issues positive profit alert
Oshidori International, a bidder for an IR operating license in Nagasaki, Japan, has issued a positive profit alert to the Hong Kong Stock Exchange, projecting an unaudited consolidated profit of more than HK$2.3 billion (US$304 million) for the year 2020.
Kingston Financial Group issues profit warning
The Kingston Financial Group, which operates a couple of smaller casinos in Macau, has issued a profit warning, noting that it anticipates a significant decrease of profits of approximately 65 percent for the April-September period.
Digital growth allows Lotto NZ to beat profit projections
The New Zealand Lottery Commission (Lotto NZ) was able to surpass expectations and post a profit during its 2019-20 fiscal year, with a strong digital performance offsetting the impact of Covid-19 on retail sales.
Emperor Entertainment issues profit warning
Emperor Entertainment Hotel Ltd. has issued a profit warning for the six-month period ending September 30, noting that the firm expects a consolidated net loss attributable to owners of the Company of not more than HK$160 million (US$21 million).
SkyCity raises FY20 earnings guidance
SkyCity Entertainment has raised its guidance for earnings for the 2020 fiscal year due to higher estimates from insurance proceeds for fire damage at the New Zealand International Convention Centre last year.
Okura Holdings expects profit to fall
Okura Holdings said it expects to record a decrease in profit of 83 percent for the eleven months ended 31 May 2020, mainly attributed...
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...
Bloomberry Q1 net drops 38%, sees slow recovery
Bloomberry Resorts said its Q1 net income fell 38 percent due to the impact of the coronavirus and it expects a slow recovery.
All set for the FBM slots expansion campaign in Asia
FBM has been developing its slots offer over the last three years, with operations established in Europe and North America.
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.
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.
Asia Gaming Briefings – Feb 2021 Edition
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
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.