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South Korea’s Kangwon Land posts worst quarter in 5 years

In a Wednesday filing with the Korea Exchange, Kangwon Land posted second quarter 2017 profits of KRW110.4 billion (US$96.9 million), down 10.7 percent from the same quarter in 2016. Kangwon Land is located in the remote village of Sabuk-eup...

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...

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...

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...

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...

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...

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...

Seminole Hard Rock monster earner; collects more than South Florida’s 8 racetrack casinos combined

To say that the Seminole Hard Rock Hotel & Casino Hollywood, is a money maker would be an understatement. Even amid flattened buildings and construction workers milling about as it prepares for its second hotel to open in 2019,...

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...

The 13 Holdings Ltd misses July 31 opening

On Monday 13 Holdings Ltd. missed an opening deadline for the world’s most lavish hotel according to multiple media reports. Opening by July 31, 2017, was one condition of a loan the company, headed by Stephen Hung, the former...

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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...

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