Tag Archives revenues

Macau casinos post disappointing aggregated November revenues figure

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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 ...

Macau expecting reduced aggregated gross gaming revenues for 2020

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In Macau and government officials have reportedly announced that they expect the city’s collection of almost 40 casinos to chalk up aggregated gross gaming revenues of about $32.2 billion for the entirety of next year. According to a report from GGRAsia, this prediction was contained within the enclave’s draft budget for 2020 and would ...

Cambodian official warns online gambling ban will lead to reduced tax revenues

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In Cambodia and a senior official in the administration of Prime Minister Hun Sen has reportedly detailed that tax revenues will likely fall next year as a result of the nation’s decision to cease issuing or renewing online gambling licenses. According to a report from the Khmer Times newspaper, this revelation came from Cambodian ...

Slight improvement in September aggregated gross gaming revenues for Macau

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Following two months of comparable declines and aggregated gross gaming revenues from the over 35 casinos in Macau reportedly recovered in September courtesy of an increase of 0.57% year-on-year to slightly over $2.73 billion. According to a report from the Bloomberg news service citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, ...

Nevada slot revenues benefitting from competition and a stronger economy

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In Nevada, a growing economy alongside increased competition among games manufactures reportedly helped the state’s casinos to record a 4.3% increase year-on-year in aggregated August slot revenues to slightly over $952.4 million. According to a Thursday report from the Las Vegas Review-Journal citing official information from the Nevada Gaming Control Board, the most recent ...

Macau posts 1.5% comparable rise in eight-month tax revenues from gaming

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The government of Macau has reportedly announced that it recorded a 1.5% increase year-on-year in combined tax revenues from gaming for the eight months to the end of August to approximately $9.48 billion. According to a report from GGRAsia citing official data from the enclave’s Financial Services Bureau, this figure was higher than the ...

Gloomy prediction for future Macau aggregated gross gaming revenues

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The boss for prominent Asian junket operator, Suncity Group, has reportedly predicted that Macau could see an up to 20% decline year-on-year in fourth-quarter aggregated gross gaming revenues to around $7.79 billion. According to a report from GGRAsia, Alvin Chau Cheok Wa (pictured) made the forecast via a story published earlier today by the ...

Macau records comparable drop in August aggregated gross gaming revenues

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The over 35 casinos in Macau reportedly had a bad August after they chalked up an 8.6% year-on-year decrease in aggregated gross gaming revenues to come in at slightly over $3 billion. According to a Sunday report from GGRAsia citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, the result for the ...

South Korean casino posts improved first-half gaming revenues

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Asian casino operator New Silkroad Culturaltainment Limited has reportedly released its interim financial results for the six months to the end of June showing that gaming revenues had increased by 16.2% year-on-year to reach approximately $8.04 million. According to a report from GGRAsia, the Hong Kong-listed firm used an official Tuesday filing to detail ...

PAGCor annual gaming revenues expected to top $1.4 billion next year

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In the Philippines and a senior official with the nation’s state-owned casino operator has reportedly announced that he expects his organization’s cumulative annual revenues from gaming to reach almost $1.41 billion for 2020. According to a report, James Patrick Bondoc serves as Vice-President for the Philippine Amusement and Gaming Corporation (PAGCor) and made the ...

Crown Resorts Limited annual financials hurt by drop in VIP revenues

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Australian casino operator, Crown Resorts Limited, has released its financial results for the twelve months to the end of June showing that its net profit for the period had decreased by 28.1% year-on-year to approximately $273.03 million. The Sydney-listed firm used an official filing (pdf) to detail that its actual annual earnings before interest, ...

Gaming machine revenues benefit Konami Holdings Corporation

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Japanese conglomerate, Konami Holdings Corporation, has reportedly released its financial results for the three month to the end of June showing that revenues from its pachinko and gaming machine divisions had risen by 7.3% year-on-year to top approximately $64 million. Participating pair: According to a report from GGRAsia, the Tokyo-listed giant develops and manufactures ...

Macau records a 3.5% decline in aggregated gross gaming revenues for July

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The over 35 casinos in Macau reportedly had a bad July after ending a recent spurt of comparable growth to post a 3.5% decline year-on-year in aggregate gross gaming revenues to approximately $3.03 billion. Comparable disappointment: According to a Thursday report from GGRAsia citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, ...

Sportsbetting malaise negatively impacts New Jersey online gaming revenues

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The 23 online casinos and sportsbooks licensed by the state of New Jersey reportedly had a slow June after chalking up aggregated gross gaming revenues that were around 13% lower month-on-month at approximately $45 million. Terrific tumble: According to a Monday report citing official figures from the New Jersey Division of Gaming Enforcement, the ...

Macau expected to post relatively flat July aggregated gross gaming revenues

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The Asian branch of global brokerage firm, Sanford C Bernstein and Company, has reportedly predicted that the Macau’s 38-venue casino market will post comparatively flat aggregated gross gaming revenues for the month of July. Paltry performance: According to a report, the Hong Kong-headquartered entity stated that it expects the city’s casino industry to record ...