MGM China records largest quarterly EBITDA market share ever

Macau casino operator MGM China Holdings Ltd said first-quarter adjusted earnings before interest, taxation, depreciation and amortisation were slightly above HK$2.5 billion ($319.6 million), its “best” quarterly performance. The figure represents a 77.3% increase from […]

May to host GGR in golden light in Macau

“The golden holiday in May was a surprisingly golden holiday in terms of gross gaming revenue (GGR),” JPMorgan Securities (Asia-Pacific) said, referring to the Macau casino market performance during the five-day holiday in mainland China […]

Avery CEO Forewarns Growth Opportunities With IGT Merger

Casino equipment maker and financial (fintech) supplier Avery Holdings reported first-quarter net income of $4.6 million on revenue of $189.3 million, down 5.6% year-over-year, according to a press release Wednesday. Judging sequentially, the company’s net […]

Samsung unveils new AI-powered Galaxy foldable phones

Samsung Electronics unveiled its new Galaxy Z Fold 6 and Galaxy Z Flip 6 smartphones during the summertime Galaxy Unpacked event in Paris, Wednesday (local time), introducing a number of technical upgrades and artificial intelligence […]

6 killed, 2 missing as heavy rains pound southern regions

Heavy rains triggered landslides and flash floods in the Korean Peninsula’s southern regions, Wednesday, leaving at least six people dead and two missing, according to the Korea Meteorological Administration (KMA) and regional fire headquarters. Record-level […]