Tag Archives disappointing

Disappointing dividend decision from Boyd Gaming Corporation

by

American casino operator Boyd Gaming Corporation has announced that it will not be paying investors a first-quarter dividend due to the financial uncertainty caused by the coronavirus-related shutdown of its almost 30 properties. The Las Vegas-headquartered firm used an official Wednesday press release to detail that all of its venues have now been temporarily ...

Genting Malaysia Berhad records a disappointing fourth quarter

by

Asian casino operator Genting Malaysia Berhad has reportedly released its unaudited financial results for the final three months of 2019 showing that its net profit had crashed by almost 60% year-on-year to about $66.9 million as aggregated revenues declined by 2.6% to slightly over $578.9 million. According to reports from Inside Asian Gaming and ...

China records disappointing 2019 lottery sales figures

by

In China and 2019 reportedly saw aggregated nationwide sales for the country’s only pair of state-run lotteries drop by some 17.5% year-on-year to approximately ¥422.05 billion ($60.26 billion). According to a report from GGRAsia citing official data from the giant nation’s Ministry of Finance, the China Welfare Lottery recorded a comparable 14.8% decline in ...

Chinese lottery sales chalk up disappointing November

by

In China and November reportedly saw aggregated sales for the nation’s only pair of state-run lotteries drop by 11.6% year-on-year to reach approximately ¥37.77 billion ($5.41 billion). According to a report from GGRAsia citing official data from the giant country’s Ministry of Finance, the November result was the tenth consecutive month of year-on-year declines ...

Macau casinos end the year on a downer following disappointing December

by

The 41 casinos in Macau reportedly ended December on a downward note after recording a 13.7% year-on-year decrease in monthly aggregated gross gaming revenues to slightly over $2.84 billion. According to a Wednesday report from GGRAsia citing official information from the city’s Gaming Inspection and Coordination Bureau regulator, the December figure represented the largest ...

Massachusetts casinos record disappointing November revenue figures

by

The trio of large gambling-friendly facilities in the eastern state of Massachusetts reportedly had a dire November despite chalking up aggregated gross gaming revenues of slightly over $78.22 million. According to a Monday report from local television broadcaster WWLP-TV citing official figures from the Massachusetts Gaming Commission, the 30-day month represented the second-worst for ...

Macau casinos post disappointing aggregated November revenues figure

by

The over 35 casinos in Macau reportedly experienced a disappointing November after chalking up an 8.5% year-on-year decrease in aggregated gross gaming revenues to slightly over $2.83 billion. According to a Sunday report from Inside Asian Gaming citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, the November figure was the year’s ...

Disappointing third-quarter results for Wynn Macau Limited

by

In Macau and the local subordinate of American casino operator Wynn Resorts Limited reportedly saw its third-quarter operating revenues decline by some 22.7% year-on-year to hit approximately $1.07 billion thanks to a major drop in VIP turnover. According to a report from Inside Asian Gaming, Wynn Macau Limited is responsible for the 1,000-room Wynn ...

MGM Springfield boss remaining optimistic despite disappointing financials

by

In Massachusetts and the boss for the $960 million MGM Springfield has reportedly asserted that the city-center property is headed in the right direction despite being on track to post disappointing first-year gross gaming revenues. According to a Monday report from The Boston Globe newspaper, Michael Mathis serves as President and Chief Operating Officer ...