Tag Archives: Featured
South Korea – Mohegan INSPIRE in Korea celebrates grand opening
Mohegan INSPIRE Entertainment Resort celebrated its official grand opening yesterday on March 5 2024. Approximately 500 domestic and international key figures were in attendance and the day’s events marked a significant milestone for Mohegan INSPIRE establishing itself as a premier resort, casino and entertainment destination in Asia. Following its soft opening in late November of last…
US – Resorts World unveils $5bn plan for New York if it lands full casino licence
Resorts World New York City (RWNYC) has unveiled a once-in-a-generation project set to not only transform the entertainment landscape in New York City but benefit all Empire State residents through massive job creation, the development of a world-class entertainment resort and the delivery of billions in tax revenue. If awarded a license by the New…
US – IGT to spin off and merge Global Gaming and PlayDigital businesses with Everi Holdings
International Game Technology is to separate its Global Gaming and PlayDigital businesses by way of a spin-off and merge with Everi Holdings to create a comprehensive and diverse global gaming and fintech enterprise. Under the terms of the agreements, at closing, IGT shareholders are expected to own approximately 54 per cent and Everi stockholders are…
Australia – Regulatory costs and lack of comping see Star Entertainment slump by 15 per cent
A step-up in risk and compliance costs as well as a lack of being able to comp drinks on its gaming floors, took a huge bite out of Star Entertainment’s first half revenues, which dropped by 14.6 per cent year-on-year to US$562m with EBITDA falling 43.1 per cent to US$73.8m. Star said: “Revenue and earnings…
China – Galaxy’s 2023 GGR spikes by 322 per cent as both mass and VIP make comeback
Macau casino operator Galaxy Entertainment continue to bounce back from the pandemic generating revenue of $35.7bn in 2023, up a staggering 211 per cent year-on-year. The Group’s total GGR on a management basis in 2023 was $31.7bn, up 322 per cent year-on-year. Mass GGR was $26.5bn, up 328 per cent year-on-year. VIP GGR was $3.4bn, up…
New Zealand – Table gaming brings slight growth to SkyCity as slots are hit by ‘challenging environment’
New Zealand casino group SkyCity Entertainment has reported a ‘resilient performance in challenging economic environment’ over the last six months with revenue coming in at $490.2m, up 0.6 per cent from last year. Chief Executive Officer, Michael Ahearne, said: “The challenging economic climate impacted our business this half, particularly in domestic Electronic Gaming Machine (EGM) revenues. Pleasingly,…
US – Record year for US commercial gaming with 19 out of 27 casino states achieving record levels
US commercial gaming revenue reached an annual record of $66.5bn in 2023, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The total surpasses 2022’s previous high of $60.5bn by 10 per cent, marking the industry’s third-straight record revenue year. 19 out of 27 traditional gaming markets saw record annual revenue. The year…
US – Workers at Resorts World New York see online gaming as a threat to their jobs
Almost 700 workers at Resorts World casino at Aqueduct in Queens, New York, have united to speak out against a New York bill that would approve online gaming in the Empire State, saying it will, threaten the security of their jobs. In a letter sent by Hotel & Gaming Trades Council union to New York…
US – Eilers & Krejcik study shows online gaming boosts rather than cannibalises land-based casinos
iDEA Growth (iDevelopment and Economic Association), the leading trade association for online gaming in the US, has commissioned groundbreaking research from Eilers & Krejcik Gaming (EKG), which reveals that, in addition to adding a revenue stream for land-based casino operators, iGaming helps boost revenue from operators’ brick-and-mortar properties. As part of the project, the EKG team dissected…
