Casino operator Crown Resorts has reached a settlement with the Australian Taxation Office over an AU$400 million (US$273 million) tax dispute. The dispute relates to Crown’s attempted forays into the US market, including its planned US$1.75 billion acquisition of Las Vegas casino firm Cannery Casino Resorts – which ran four casinos in Nevada and Pennsylvania […]
Macau authorities received a total of 148 requests for exclusion from the city’s casinos in the three months to 30 September 2019, an increase of six requests on the 142 received in the previous quarter, according to latest figures from the Gaming Inspection and Coordination Bureau. Read more
India’s market-leading casino operator, Delta Corp, reported a 22.7% increase in profit in the three months to 30 September 2019, boosted by a reduction in corporate income tax rates. Read more
Philippines integrated resort Okada Manila saw its gross gaming revenue grow 30% year-on-year to Php3.16 billion (US$61.2 million) and Adjusted segment EBITDA 242% to Php554 million (US$10.7 million) in September. Read more
Japan’s Universal Entertainment Corp finds itself at an “exciting inflection point” according to boutique investment bank Union Gaming, with upside potential at Okada Manila, legal victory over former Chairman Kazuo Okada and stabilization of the pachinko and pachislot business all painting a favorable outlook. Read more
