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Takeover costs push Tabcorp Holdings Limited into the red

Australian wagering giant Tabcorp Holdings Limited has announced a net deficit of $16.46 million for the twelve months to the end of June largely due to the costs associated with its planned $4.8 billion takeover of rival Tatts Group...

Genting Singapore reports extremely profitable second quarter

Asian casino operator Genting Singapore has released its second-quarter financial results showing that higher revenues along with lower sales costs helped to push its net profit for the period up by over 800% year-on-year to $127 million. Genting Singapore is...

Visitors flock to recently-opened Paradise City

In South Korea, the operator behind the recently-opened Paradise City integrated casino resort has reportedly announced that the $1.7 billion development welcomed an average of 3,100 daily visitors during its first 100 days of operation. According to a report from GGRAsia, Seoul-listed Paradise Company Limited additionally...

Resorts World Manila operator posts massive loss after June attack

Travellers International Hotel Group Inc., owner, and operator of Resorts World Manila experienced a net loss of PHP312.09 million (US$622,621) for the second quarter of 2017, after closing its casino in June following an arson attack that killed 38...

Ongoing diplomatic row sends Paradise Corporation Limited into the red

South Korean casino operator Paradise Company Limited has released its financial results for the second quarter showing a 26% decrease year-on-year in overall sales to $122.91 million alongside an 85.3% fall in gross profit to $6.58 million. The Seoul-listed firm...

Ohio casinos and racinos report improved July gaming revenues

The four casinos in Ohio saw their aggregated gross gaming revenues for July rise by 5.7% year-on-year to $69.86 million while the Midwestern state’s seven racinos continued to post increases with their monthly combined figure of $84.52 million representing...

Competition hurts half-year results at SJM Holdings Limited

Macau casino operator SJM Holdings Limited has released its unaudited consolidated interim financial results for the first six months of 2017 showing a 1.9% decrease year-on-year in net revenues to $2.64 billion. One of only six concessionaires authorized to operate...

Macau half-year fiscal surplus rises thanks to gaming

In Macau, the government’s fiscal surplus for the first six months of 2017 reportedly increased by 15.3% year-on-year to stand at about $2.5 billion thanks in large part to a corresponding 14.2% rise in half-year tax revenues from gaming to...

What happened to the bitcoin blockchain August 1, 2017?

The bitcoin community recently faced a critical moment with some in favor of the recent “fork” that forced the blockchain to split, and others vehemently set against it. If that’s all a foreign language to you, the change likely...

July gambling revenues decrease for Atlantic City

The Division of Gaming Enforcement of New Jersey has released state gambling figures for the month of July, showing that Atlantic City has seen a slight decline in revenues based on year-on-year comparisons. July 2017 produced 2.7% less than...

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Tempobet inks Premier League advertising deal

After signing a one-season shirt sponsorship deal with the English Championship football club Preston North End in late-July, online casino and sportsbetting operator Tempobet has...

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