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Official lottery sales in mainland China rose 7.9% from the previous year to 40.69 billion yuan ($6.13 billion) in May, according to the latest data from China's finance ministry. That slowed from a 9% increase in official lottery sales reached in April.Welfare lottery sales rose 7.3% year-on-year to 19.56 billion [more...]
Las Vegas-based SCCG Management has announced a partnership with USA Sports Media to introduce ‘The Strip,’ a media venture aimed at reshaping the gambling media landscape, particularly targeting younger demographics.The collaboration between SCCG Management and USA Sports Media is led by Kelvin MacKenzie.Stephen Crystal, SCCG Management Founder and CEO, said: [more...]
The operator of the Australian-listed Asian Casino Silver Heritage Group said he has been notified by Nepal's Lupandehi District Court that a "second, new, middle-part ban" has been approved for two of the company's subsidiaries in the country. Silver Heritage owns and operates the casino property Tiger Palace Resort Byrawa, [more...]
Moody's Investors Services Inc said in a recent scheduled review of Hong Kong-listed Nagakov Inc that the temporary suspension of casino operations at Cambodia's Nagarwold complex (pictured) from April to July as a protective measure against the spread of COVID-19 "will hurt 2020 earnings and credit indicators."The review was published [more...]
Grand Korea Leisure (GKL), a foreign-only casino operator in South Korea, said Tuesday it lost about 64.33 billion won ($57.6 million) compared to a profit of 72.4 billion won in 2019Revenue fell 62.4% year-on-year to 184.46 billion won from 490.75 billion won in 2020.The group's profit in the last quarter [more...]
Casino e-games and services provider RGB International Bhd reported second-quarter net income of 601,000 MYR ($144,931), a loss of 14 million MRY from a year earlier. Revenue for the period rose 284.5% year over year to nearly 55.5 million MRY, Bursa Malaysia said.There is no dividend recommended by directors for [more...]
Paradise Company Limited, a South Korean and local casino operator, reportedly reported strong hotel sales related to rising domestic demand pushed its second-quarter profit to about $14.4 million.The results were largely static year-on-year, but represented an increase of about 165% on the company's first-quarter deficit of about $22 million, according [more...]
