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Casino
August 26, 2022
Genting Malaysia Reports Improved Performance in Q22022
Genting Malaysia posted strong results during the second quarter of the year ended on June 30, 2022. The company reported $478 million (MYR2.18 billion) in revenue or a five-fold increase. The key driver of this revenue was the Malaysian Integrated Resort. Genting Malaysia Marks Strong Recovery in Q2022 Resorts World Genting managed to pull in […]
Industry
August 26, 2022
BETER Live to Power QTech with Live Casino
BETER Live, a live casino subsidiary of the leading betting products supplier BETER, will power Asia’s #1 distributor, QTech Games, with its live casino portfolio. The new content will help BETER reinforce its foothold in Asia, QTech’s primary market. QTech Boosts Its Offering with BETER’s Live Casino Content BETER is one of the fastest-growing companies […]
Casino
August 26, 2022
Macau Sees Improvement in July Casino Concessionaires GGR
Macau’s July results may be a signal that the Special Administrative Region is experiencing a much-anticipated recovery. The signs for cautious optimism are all there as the July 2022 figures saw a month-over-month improvement in terms of gambling revenue collected by the six concessionaires. Improvement in Revenue Boost Hopes of Recovery The properties collected a […]
Business
August 26, 2022
Paradise Entertainment Sees Casino Management System Revenue Decline
Paradise Entertainment continued to struggle during the second quarter of the year with Q2 2022 results once again suppressed by the lingering impact of the COVID-19 pandemic, subsequent shutdowns of properties, and reduction of operational capacity. The turbulent quarter in Macau, led to the group’s loss increasing to $12 million (HK97 million), up three times […]
Industry
August 26, 2022
SkyCity Entertainment’s FY 2022 Revenue Dropped by 32.9%
New Zealand casino operator SkyCity Entertainment Group released today its financial results for the fiscal year 2022 revealing the impact of the near three-month-long closure of its flagship Auckland property. Revenue Decrease Attributed to Property Closures For the 12 months ended June 30, 2022, SkyCity Entertainment Group generated NZ$639 million ($397 million) in revenue to […]
Industry
August 26, 2022
Nevada Players Leave $22m in Unclaimed Vouchers in FY22
Casino players in Nevada left $22 million in unclaimed cashout tickets in the fiscal year that ended June 30, 2022, to expire, according to official data from the Nevada Gaming Control Board (NGCB). Reluctant to Cash out Cents The data released by the NGCB showing that both the State of Nevada and casino operators make […]
Casino
August 25, 2022
Century Casinos to Acquire Rocky Gap Casino Resort
Nasdaq Capital Market-listed casino entertainment company Century Casinos has announced it has entered a “definitive agreement” for the acquisition of Rocky Gap Casino Resort’s operations. The casino operations will be acquired from Lakes Maryland Development for a purchase price of approximately $56 million with adjustments. The company that manages numerous racetracks, award-winning casinos, hotels, horse […]
Casino
August 25, 2022
Star Entertainment Covered Up Chinese Transactions Worth $55M
The Star Entertainment’s troubles still persist as the public hearing into the group’s casino operations continues. It has been revealed that the group hid away $55 million wagered by Chinese residents through banned transactions from a Chinese bank. Star Entertainment Changed Payment Policy in 2016 to Allow Banned Chinese Transactions The Canberra Times reported that […]
Casino
August 25, 2022
GiG Embarks on Casino Partnership with Luckiest.com
Gaming Innovation Group has signed a partnership agreement with Luckiest.com, an online casino. Luckiest.com is developing a new casino concept that it hopes to roll out in markets covered by the Alderney Gambling Control Commission. Luckiest is currently attempting to secure the license from the regulator. Much Potential with New Casino Concept Luckiest will further […]
Business
August 25, 2022
Rivalry Corp. Releases Q2 Report, Shows Record-Breaking Growth
Rivalry Corp., a globally renowned sports betting operator, has released its Q2 report, which states that the company’s betting handle reached C$38.4 million ($29.7 million). This represents a 98% YoY increase. Record revenue of C$5.3 million ($4.1million) or a 60% YoY increase, was also a huge milestone in the quarter. The Revenue Growth Was Completely […]
