Asia round-up Studio City revenue hits 106m HKJC elects new VP and more
Studio City posts Q4 revenue of $28
Studio City posts Q4 revenue of $28.4m; $106.9m for FY
Studio City International Holdings has reported its unaudited financial results for the 4th canton of 2021, with come operating revenue reaching $28.4m.
This is an growth of $4.7m from the same period cobbler's last year. Studio City cites the modification is due to greater takings from the supplying of gaming-related services, part offset past depress non-gaming revenue.
In addition, Studio City’s gross gaming revenue of $91.1m for Q4 marks a farther financial rear from 2020, when Q4 results totalled $87.6m.
Rolling cow dung win rates were notably upward in 2021, too, with a 1.84% win rank inward Q4 painting a to a greater extent successful show for gamers than the –0.13% of Q4 2020.
Rolling break off intensity was $474.4m, upward $25m from 2020.
Q4 grip decreased to $253.3m from $305.6m inwards 2020 for table games.
It could maybe explicate why to a greater extent gamers went to one-armed bandit machines, which is evidenced by a higher palm inwards Q4 ($262.4m) compared with Q4 of 2020 ($257.7m).
“Winfried's expertise in the horseracing industry has been of great time value to the do work of the IHSC, as is his loyalty to protecting the welfare of equine and human athletes. i appear frontwards to continuing this tightlipped working relationship with Winfried and the IFHA.” IHSC President, Ingmar De Vos
Operating revenue for the year ended 31 December 2021 totalled $106.9m, a considerable step-up from $49m in 2020. Studio City non only if cites the supply of gaming-related services for improved takings, but also a year-on-year increment in inward tourism inwards 2021.
Operating deprivation was also downwardly significantly at $191.6m, from $279.9m at the remainder of 2020.
Hong Kong Jockey Club elects Engelbrecht-Bresges as VP of IHSC
The Hong Kong Jockey Club (the Club) has elected CEO Winfried Engelbrecht-Bresges as the Vice-President of the International Horse Sports Confederation (IHSC).
Engelbrecht-Bresges has been the Club’s CEO since 2007, with his election as Vice-President underscoring “the recognition of Hong Kong racing amongst its world(a) manufacture peers,” a financial statement from the Club read.
Engelbrecht-Bresges also serves as the Chair of the International Federation of Horseracing Authorities (IFHA) and Chairman of the Asian Racing Federation (ARF). Before beingness elected as Vice-President of the IHSC, he served as the standing representative of the IFHA on the IHSC General Assembly.
IHSC President Ingmar De Vos commented: “Winfried's expertise inward the horseracing manufacture has been of great value to the process of the IHSC, as is his committal to protecting the welfare of equine and human athletes. i seem forwards to continuing this tightlipped working human relationship with Winfried and the IFHA.”
Philippines GGR upwardly to $555.2m for Q4
Gross gaming revenue (GGR) was upwards to PHP96.54bn ($555.2m) for Q4 inward the Republic of the Philippines Casino Sector, upwardly 21.7% from the 3rd quarter, according to GGRAsia.
Q4 results have taken the full-year takings closemouthed to PHP96.54bn, which is upwardly 12.4%.
Table games reached a sum GGR of almost PHP 671.9m for Q3, upward 38.4% from Q2. Filipino Amusement and Gaming Corp (PAGCOR)-run slots rose past 51.7% in revenue generated too.
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