iGaming Business – Australian entertainment group Crown Resorts has cited the success of its operations in the Chinese gambling resort of Macau as one of the main reasons behind a significant growth in net profit during the 12 months through to June 30, 2014.
The company reported net profit of AUS$655.8 million (€457.1 million/US$611.3 million), an increase of 65.7% on the AUS$395.8 million achieved in the previous year.
Revenue at Crown Resorts grew to AUS$3.1 billion, a 6.7% rise year-on-year from AUS$2.9 billion.
Elsewhere, earnings before interest, tax, depreciation and significant items jumped by 16.7% from AUS$751.9 million last year to AUS$878.2.
US Operators in Macau to face more scrutiny From Gaming-Awards.com
US Operators with casinos in Macau could face more scrutiny on money laundering following a report from a congressional advisory panel which says U.S. regulators should tighten up scrutiny of casino companies operating in Macau because of the risk of money […]
Japanese firm awaits Macau decision on pachinko machines Macau Business Daily - Japanese pachinko hall operator Dynam Japan Holdings Co Ltd is still waiting for the government here to approve an application to operate ‘next generation pachinko machines’.
The plan, according to Dynam’s chairman Yogi Sato, who was quoted by Hong Kong […]
Australia’s Crown eyes opportunities in South Korea and Vietnam Calvin Ayre - James Packer, boss of Australian casino operator Crown Resorts Ltd., has asked his country’s government to revise their tourist visa policies to make it easier for Chinese high rollers to visit his casinos. Packer told the Herald Sun that it was “hypocritical” for the […]