NagaCorp’s first-half profit dips as VIP revenue plunges
Cambodian gaming operator NagaCorp Ltd. (3918.HK) on Monday reported its revenue declined 8.6% year-on-year to $304 million in the first half of the year, as its net profit fell 3.2%…
MGM China profit drops 20% on higher licensing fee
Casino operator MGM China Holdings Ltd. (2282.HK) on Thursday reported its revenue rose 4.4% year-on-year to HK$17.39 billion ($2.23 billion) in the first half of the year, but its profit…
After mastering pixels, AIGC delves into physical laws and embodied action
Text-to-video has widened the scope of AI-generated content, while world models are pushing the technology into gaming, robotics and manufacturing By CLS Marketwatch AI has achieved many astonishing leaps…
INDUSTRY BRIEF: Macao gaming revenue rises 14% in first quarter
Macao’s gross gaming revenue (GGR) totaled 22.6 billion patacas ($2.8 billion) in March, up 15% year-on-year, the city’s Gaming Inspection and Coordination Bureau (DICJ) said on Wednesday, exceeded market expectation…
Parental love gone amok? MGM China feels the pain of licensing fee hike
The Macao gaming operator’s shares plunged after being saddled with a major increase for rights to use the name of its parent, MGM Resorts Key Takeaways: MGM China said its…
BRIEF: SJM completes L’Arc Hotel acquisition
Macao casino operator SJM Holdings Ltd. (0880.HK) announced on Sunday that it completed its acquisition of Arc of Triumph Development Co. Ltd. on Dec. 17, making Arc a wholly owned…
Will Int’l Entertainment’s billion-dollar gamble finally pay off?
The property developer is betting heavily on its acquisition of a casino in Manila, as the Philippines privatizes its portfolio of government-owned properties Key Takeaways: International Entertainment Corp. issued its…
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