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Win Al Marjan Island, a casino resort project in the United Arab Emirates (UAE), will "open to the public in early 2027," the gaming company said in a press release on Monday."Overall tower height, over 300 meters [984 feet]... is expected to peak in the fourth quarter of 2025," the [more...]
Hong Kong-listed Sun City Group Holdings, controlled by Macau casino junket investor Alvin Chauchukwa, has increased its stake in a company promoting Russia's Far East Tigred Crystal Casino Resort (pictured).As a result, Suncity Group Holdings became the largest single shareholder in Summit Ascent Holdings Ltd, the promoter of the venue.Payments [more...]
Game equipment maker and content provider International Game Technology (IGT) on Tuesday reported total revenue of just $1.05 billion for the second quarter of 2024, down from a year earlier.The company posted shareholder net income of $42 million in the three months to June 30, compared with $46 million in [more...]
In September, the Province of Prince Edward Island launched a new responsible gambling strategy, featuring a new website and a new social media campaign. However, Elizabeth Stephen, a counselling therapist in Halifax who specializes in helping people overcome addictions, is unsure how useful the new resources will be in protecting [more...]
Nasdaq-listed Entertainment Gaming Asia Inc. is offering a subscription to buy common stock at US$0.54. Shares closed at US$0.64 on Wednesday.The company said it plans to apply the proceeds to "develop future casino and game club projects, operate slot participation and expand general working capital in its gaming products division."Entertainment [more...]
Crane Co, a maker of automated payment systems including technology for the casino industry, said its operating profit rose nearly 10% year-over-year to $97.6 million in the second quarter of 2014.Excluding special items, operating profit for the second quarter rose nearly 15% to $190.9 million compared to $95.7 million for [more...]
This week, Ward 5 councillor Robert Kirwan recalled the benefits of developing Kingsway Entertainment Districts for the city of Greater Sudbury. He said the city cannot afford not to build millions of event centers because it will give the city huge financial advantages in the future.The KED was a much-discussed [more...]
According to the government gazette, a division of the Macau game operator Galaxy Entertainment Group Ltd. is looking to register its "Broadway" trademark in Macau.The application, seen on the GGRAsia show, Galaxy Entertainment Ltd., contained several requests to register Broadway trademarks in the city, such as "Broadway Cotai," "Broadway Resort," [more...]
The resort's World Genting Casino resort near Kuala Lumpur, Malaysia's capital, remains a "cash cow" for its promoters despite uncertainty over the terms of the government's higher gaming and licensing costs and tax relief plans related to investments there.Japanese brokerage Nomura's view in a Friday note on Genting Malaysia Bhd, [more...]
Fitch maintains a stable outlook on the credit rating of Malaysian gaming giant Genting Bhd as it expects leverage levels to decline after 2020. Fitch said in a report on Friday that it expects Resort World Las Vegas to make additional contributions to Genting's bottom line and ease capital spending.The [more...]
Maybank Securities expects the local gaming industry in the Philippines to achieve "at least 15%" gross gaming revenue (GGR) growth in 2024.In a note on Tuesday, the agency said it had maintained a "positive view" of the Philippine gaming sector, expecting GGR growth this year to be "driven by the [more...]
