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Business News and Headlines
Business
June 4, 2019
MGM Boss Says a Japanese Resort by 2025 Requires ‘Surgical Precision’
Osaka can execute Japan’s IR project on time Challenges in MICE business persist Japan’s IR offers the best ROI the gaming world has seen MGM Resorts boss Jim Murren spoke at the Strategic Decisions Conference 2019 and discussed the future IR in Japan, citing solid ROI and issues to be worked on. MGM Resorts’ Murren […]
Business
June 3, 2019
Melco Share Buy-Out in Crown Resort to Take 1 Year to Review
Melco buys up part of owner’s share in Crown Resort Australia regulators to conduct a probity review for up to a year Melco will seek to consolidate its stake in the company after the review is over Melco acquired a 19.99%-stake in Crown Resort on Friday, sealing a $1.2-billion deal. A year-long review will now […]
Business
May 31, 2019
SG, Oneida Receive Regulatory Approval for NY Sports Betting
SG and Oneida get go-ahead to launch joint-venture in NYS NY legislators still discussing sports betting law The session ends on June 19 Oneida Indian Nation and Scientific Games are moving forth with a sports betting venture partnership in New York State, after successfully securing a license from the National Indian Gaming Commission (NIGC) SG […]
Business
May 28, 2019
Paddy Power Betfair Becomes Flutter Entertainment
Paddy Power Betfair rebrands to Flutter Entertainment The company begins trading on the LSE under its new name Rebranding across the world will be gradual to avoid confusion Paddy Power Betfair has completed its rebranding move and the company will be known as “Flutter Entertainment” moving forward. Paddy Is No More, Long Live Flutter Entertainment […]
Business
May 24, 2019
FanDuel and fuboTV Bring Sports Betting Data to Viewers
Photo credit: fuboTV. FanDuel and fuboTV partner to provide odds and betting data First partnership between OTT and sportsbook Only horse racing, soccer, and cycling channels featured at first FanDuel has signed a ground-breaking partnership with OTT streaming service fuboTV to introduce live sports betting data to viewers. FanDuel Signs with OTT Content Provider fuboTV […]
Business
May 21, 2019
IGT Posts Strong Q1 in 2019, Earnings Call reveals
IGT registers $103.2 million in net profits Q1, 2019 results strong despite drop in revenue Slots shipment goes up 20 per cent in the first three months of 2019 IGT’s profit over Q1, 2019 has reached a decent performance despite steady debt and a drop in installations of slot machines. IGT’s Net Profit Grows International […]
Business
May 19, 2019
Groupe Barrière Prepares to Invest $2.5bn in IR
Groupe Barrière prepares to invest $2.5 billion in Japanese IR Osaka and Wakayama prefectures shortlisted for hosting the resort More US brands coming to Asia European casino company Groupe Barrière has emerged as one of the latest investors in the future Japanese Integrate Resort (IR) voted and approved by the Government of Japanese Prime Minister […]
Business
May 14, 2019
Suncity Enters Hoiana IR as Exclusive F&B Company
Suncity becomes exclusive Hoiana F&B caterer The company operates in the IR via a subsidiary Asia’s pull for gambling venues grows stronger The largest Asian junket operator, Suncity Group, is heading into a Vietnam to manage an integrated resort, the group has announced. Suncity Group Joins the Vietnamese Market Suncity Group Holdings Ltd has revealed […]
Business
May 13, 2019
APE to Introduce new EGM Games at G2E Asia
Asian Pioneer takes a hit in Q1 results The company will debut new EGM games APE is looking to expand in the SEA region Amid an improving business environment for Macau’s gambling operators, Asian Pioneer Entertainment (APE) is bringing even more innovation to the table with new electronic gaming equipment and games. Asian Pioneer Introduces […]
Business
May 12, 2019
Wynn Resorts VIP Revenue Slows Down in Macau
Macau’s GGR continues to consolidate month in and month among falling revenues for Las Vegas brands. Wynn Resorts has been caught in the latest profit nosedive. The VIP segment has been affected the most. Wynn Resorts Posts Weaker VIP Q1 Results Wynn Resorts first-quarter figures didn’t reach their targets, the Las Vegas casino operator reported […]