Casinos & Gaming

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Sands China Ltd - Macau probes two officials for graft as casino hub extends corruption crackdown - Reuters

Monday, 14 Dec 2015 09:37am EST

Sands China Ltd:Two officials in the southern Chinese territory of Macau are under investigation for taking bribes and abusing their power as authorities move to stamp out corruption in the world's largest gambling hub - RTRS.Macau's Commission Against Corruption said in a online statement posted on Dec 14 that it had "uncovered bribe-taking by a customs inspector and another case of passive corruption and abuse of power by a Marine and Water Bureau chief." - RTRS.Macau's graft body said the customs inspector had accepted bribes to allow a gambler enter Macau with more cash than legally allowed, while the Marine and Water officer received advantages from a person in charge of a ferry services company - RTRS."According to the investigation results, the chief had also used his powers to help cover up the irregular practices of the ferry services company on many occasions, - the latter could be free from penalties even though its operations did not comply with the instructions and regulations set out by the Marine and Water Bureau." - RTRS.Macau has two main ferry operators, Turbo Jet owned by Shun Tak Holdings 0242.HK, and Cotai Water Jet owned by U.S. billionaire Sheldon Adelson's Sands China 1928.HK. - RTRS.

TOKYOTOKEIBA raises year-end dividend forecast for FY 2015

Friday, 11 Dec 2015 03:30am EST

TOKYOTOKEIBA CO LTD:Sees year-end dividend of 2 yen per share raised from 1.5 yen per share, for the fiscal year ending Dec. 2015.

Nordic Leisure plans squeeze out of remaining shares in Betting Promotion

Wednesday, 9 Dec 2015 02:45am EST

Betting Promotion Sweden AB:Nordic Leisure AB​ plans squeeze out of remaining shares in Betting Promotion.Has decided to seek delisting from ‍Nasdaq OMX First North​.

SEGA SAMMY HOLDINGS lowers consolidated full-year outlook for FY 2016

Friday, 4 Dec 2015 02:00am EST

SEGA SAMMY HOLDINGS INC:Says the company lowered the consolidated full-year outlook for revenue to 355,000 million yen from 420,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 10,000 million yen from 25,000 million yen.Sees a decrease of ordinary profit forecast to 9,000 million yen from 25,000 million yen.Sees a decrease of net profit forecast to 2,000 million yen from 19,000 million yen.Sees a decrease of earnings per share to 8.53 yen from 80.02 yen.FY 2016 revenues of 368.45 billion yen, net income of 13.46 billion yen – Thomson Reuters I/B/E/S.Comments the decreased orders and sales are the main reasons for the forecast.

R&I affirms TOKYOTOKEIBA CO LTD's rating at "A-" and stable outlook

Thursday, 3 Dec 2015 01:00am EST

TOKYOTOKEIBA CO LTD:Rating and Investment Information, Inc. (R&I) affirms the company's issuer rating at "A-".Rating outlook stable.

Olympic Entertainment Group AS completes acquisition of SIA Garkalns

Wednesday, 2 Dec 2015 01:00am EST

Olympic Entertainment Group AS:Says Olympic Casino Latvia SIA, subsidiary of OEG, has completed acquisition of 100 pct shareholding in Latvian casino operator SIA Garkalns.SIA Garkalns has by now merged with its 100 pct owned subsidiary SIA Post-Nevada.

Greek Organisation Of Football Prognostics SA - Greek betting firm operators strike against new tax - Reuters

Monday, 30 Nov 2015 10:55pm EST

Greek Organisation Of Football Prognostics SA:Greeks operating the shops of the country's biggest betting firm OPAP OPAr.AT walked off the job on Tuesday to protest against a new gaming tax the government imposed to meet its international bailout obligations - RTRS.Despite Greece's financial woes and harsh austerity, which have caused the economy to shrink by about a quarter in the last six years, Greeks remain fervent punters with OPAP generating revenues of 4.3 billion euros ($4.55 billion) last year - RTRS.The shops, mainly family businesses, closed for a day and hundreds of operators marched to the finance ministry in central Athens, chanting "No to a parody tax, no to measures which will close our shops." - RTRS.The operators say the new flat tax of 5 cents on all bets placed with OPAP from 2016 will hit a business that provides job to 22,000 people and force about 1,000 shops to close. About a quarter of the workforce is unemployed - RTRS.Private and public sector workers will stage a one-day general strike on Thursday against further pension cuts which the government was required to implement to conclude a first progress review under a third EU/IMF bailout programme agreed in August, and start debt relief talks - RTRS.OPAP has told the government that the tax violates its monopoly and Chief Executive Kamil Ziegler said on Monday that the company was also preparing other legal steps - RTRS.


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Provider : Edison Investment Research
Provider : Edison Investment Research
Provider : Edison Investment Research
Provider : Edison Investment Research
Provider : Edison Investment Research

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