Tag: Financial

Revenues up for Holland Casino in H1 2016

Casino Review Holland Casino
Holland Casino, the Netherland’s state-owned gaming group, saw its revenues rise by six per cent in the first half of 2016, due primarily to an increase in both visitor numbers and higher average spend per guest.   In the six months to June 30, revenues for the group totalled E203m. Operating income reached E48m, up on the E41m in the prior-year...

Best Sunshine VIP turnover drops, as predicted

Casino Review Best Sunshine Saipan
Rolling chip volume took a tumble at the Best Sunshine casino on Saipan last month – as owner Imperial Pacific Holding’s earlier prediction of market saturation rings true.   August saw VIP revenue at the Best Sunshine casino in the Commonwealth of the Northern Mariana Islands (CNMI) dip to its second-lowest monthly level, according to the latest filing from operator Imperial Pacific...

RAY sees double-digit casino growth in first half of 2016

Casino Review RAY
Finland’s state-owned gaming monopoly, Raha-automaattiyhdistys (RAY), continues to benefit from growth across all digital channels and game categories, with the group reporting a 16.3 per cent rise in active customers in the first half of 2016. “The digital casino gaming business income rose by 13.8 per cent,” RAY said in August. “Mobile gaming channel margin almost doubled, with growth of...

888 keeps door open for mergers after H1 profit growth

Casino Review 888 Holdings
888 Holdings has praised the “outstanding momentum” of its online sportsbook and casino operations as pre-tax profits rose by 39 percent in the first half of the year, while CEO Itai Frieberger has insisted the firm is still “open for business” after its failed acquisition bid.   The CEO of 888 Holdings has brushed off a disappointing summer that saw its...

Extra weekend in July helps Nevada gaming win top $1bn

Casino Review Financial Nevada
Five full weekends in July, including a three-day Independence Day holiday weekend, helped Nevada casinos to win $1bn (€897m) during the month, a 10 percent increase compared to July 2015.   In the first billion dollar month since May 2015, The Las Vegas Convention and Visitors Authority also reported the city had the best July visitor volume on record, with 3.8...

Macau rebound underway, says Galaxy owner

Casino Review Galaxy Entertainment Macau
Macau has weathered the worst of its economic woes and is now on the bounce-back – according to one of the city’s most prominent gaming stakeholders.   Galaxy Entertainment owner Lui Chee-Woo made the remarks to assembled press following the release of encouraging interim financial results for the company. “Macau’s gaming sector has hit rock bottom and a rebound is already on the horizon,”...

In the pink: acquisitions drive growth for Great Canadian

Great Canadian
An encouraging set of financial results from the Great Canadian Gaming Corporation showed that the company enjoyed a 25 per cent surge in revenue during the second quarter of the year, with a concurrent 18 per cent leap in earnings.   GCG amassed just over C$140m (E96.8m) from its 20 gaming properties spread throughout British Columbia, Ontario, New Brunswick, Nova Scotia...

DEQ’s second quarter results show $2.4m revenue

While its operating and administrative expenses have increased, the table gaming company expects to see higher revenues over the next quarters following casino openings in Macau.   Table gaming company DEQ have released their Q2 results, showing a 2 percent increase in total revenue to $2,355,000 (E2,103,106) from Q2 of the previous year. While revenue from table systems remained flat at $1,469,000...

Missouri haul sees profits up at Isle of Capri

Isle of Capri
St. Louis-based casino operator Isle of Capri Casinos has published financial results for the fourth quarter of its financial year, which show that the majority (eight of 13) of its properties reported higher year-on-year profits - due primarily to continued strong performance throughout Missouri. Overall, IOC’s adjusted EBITDA increased by $400,000 (E355,000) to $65.8m (E58.4m), representing a like-for-like climb of...

Numbers are up at Galaxy Gaming for Q1 2016

Galaxy Gaming ICR
Las Vegas-based table game and systems supplier Galaxy Gaming has released its financial results for the first quarter of 2016, detailing major like-for-like gains across the board, despite ongoing legal difficulties with its financiers. The company’s quarterly revenue of just under $3m (E2.7m) was up 15 per cent, whilst its profit saw a dramatic 49 per cent surge to $1.23m...

Cirsa reaps rewards of Latin America expansion

Full-year financial results from Cirsa Gaming Corporation in 2015 have shown that the company recorded growth across all of its core markets last year. Group wide, Spain-based Cirsa enjoyed a 16.5 per cent increase in revenue to E1.8bn, whilst EBITDA was bolstered 14 per cent to E380m. The company’s governance attributed the growth to the successful implementation of its “international expansion...

Naga 2016 financials likely to be ‘robust’

NagaWorld Cambodia
End-of-year financials from Hong Kong-based NagaCorp – owner and operator of Phnom Penh’s NagaWorld casino and hotel complex – are likely to show sustained, substantial growth, according to Japanese investment bank and brokerage Daiwa Securities. Daiwa representatives met with Naga management at the bank’s Consumer and Gaming Conference, which took place in Hong Kong last month. A follow-up note posted...