Asia
Wynn Macau Reports 60% Drop in Operating Revenues in Q3 2021
Wynn Macau has reported some US$10.1 million in positive adjusted EBITDA in the third quarter of this year, an 85% sequential drop, as operating revenues decreased 60% to US$181.3 million, according to the company’s latest results.
As the results were announced, the group revealed that CEO Matt Maddox will be leaving Wynn Resorts on 31 January 2022, and will be replaced by current CFO Craig Billings.
Maddox will remain on the boards of Wynn Macau and Wynn Interactive until the end of 2022 to ensure a smooth transition while concessions are renewed.
Craig Billings joined Wynn Resorts in 2017 as CFO and has served as President of the company, as well as CEO of Wynn Interactive.
“Matt has done an incredible job as CEO since his appointment four years ago. He very successfully led the company through what could have been one of the most disruptive business transitions in decades,” Philip G. Satre, Chairman of the Board for Wynn Resorts, said.
Operating revenues from Wynn Palace reached US$181.3 million for the third quarter of 2021, with Property EBITDA at US$12.1 million, while Wynn Macau reached US$130.7 million for the period but with a negative Adjusted Property EBITDA of US$1.9 million.
“We are confident that Macao will benefit from the return of consumer demand as we progress through 2022,” commented Maddox in the financial report.
The group also ended the third quarter with US$306 million in gross gaming revenues, a third less than in the previous quarter, reaching a 24% market share of the Macao market.
Powered by WPeMatico
Asia
NagaWorld Achieves Exceptional Great Place To Work Certification with Near-Perfect 95% Trust Index Score
Reading Time: < 1 minute
NagaCorp Ltd. together with its subsidiary NagaWorld, a leading Integrated Resort in the Mekong Region, announced that it has recently been Certified by Great Place To Work, a global authority on workplace culture. This prestigious certification, earned with an exceptional Trust Index score of 95%, is based entirely on direct and anonymous employee feedback. A high score indicates a positive work environment where employees felt empowered to be their best selves in a safe work environment while receiving fair recognition, rewards and opportunities for growth.
“It is encouraging and inspiring to see the practice of workplace culture and excellence being cultivated and recognised in Cambodia and being valued by each member in our company. We are both humbled by this international recognition and immensely proud of each member of our Naga family who through their passion for improving livelihoods come to the workplace everyday, not only to work, but to learn, to deliver and to promote the Khmer culture to the world through the works we collectively do. This certification is a recognition of the collective spirit and dedication of every member of our Naga family,” said Mr. Chen Yiy Fon, Chief Executive Officer & Executive Director of NagaCorp.
“We will mark this milestone in our ‘Shaping Tomorrow, Together’ journey, which places our people at the core of everything we do. We are immensely proud of our team of over 6000 professionals. This recognition is possible because of you. We congratulate our fellow recipients in Cambodia who have received Great Place to Work certification and together let us continue to build and foster a workplace environment of excellence, integrity, and mutual respect where productivity can thrive and flourish,” Chen Yiy Fon added.
The post NagaWorld Achieves Exceptional Great Place To Work Certification with Near-Perfect 95% Trust Index Score appeared first on European Gaming Industry News.
Asia
GRA Renews Singapore Pools Licence for Five-year Term
Reading Time: < 1 minute
The Gambling Regulatory Authority (GRA) has renewed the licence of Singapore Pools (Private) Limited (Singapore Pools) to conduct betting operations, gaming and lotteries under Section 54 of the Gambling Control Act 2022 (GCA). The tenure for the licence will be five years with effect from 25 October 2025, following GRA’s assessment that Singapore Pools has fulfilled the requirements under Section 54 the GCA.
The post GRA Renews Singapore Pools Licence for Five-year Term appeared first on European Gaming Industry News.
Arnold Hur
Thirteen Leading Universities Partner with Gen.G for its Practicum Abroad Programme to Prepare Students in Seoul for Esports Careers
Reading Time: < 1 minute
Global esports and gaming organisation Gen.G announced that it has partnered with thirteen distinguished universities across the US to participate in the Gen.G Practicum Abroad programme, which offers students the opportunity to take part in an intensive, three-week programme to study in the heart of the esports industry in Seoul, South Korea.
The thirteen institutions are: Conestoga College, Augustana University, Buena Vista University, Illinois College, Manchester University, Seton Hall University, Shenandoah University, Syracuse University, St. Thomas University, University of Kansas, Maharishi International University, Randolph-Macon College and University of Hawai’i.
“This is our most ambitious program since the launch of our Gen.G Practicum Abroad program, bringing together some of the best universities in the country to expand their educational programs on campus. The students will be fully immersed in Korea with hands-on experiences to give them a 360-degree view of the esports industry,” said Arnold Hur, CEO of Gen.G.
Gen.G professionals will lead the Gen.G Practicum Abroad programme, which includes custom esports programming, mentorship by industry professionals, special lectures, industry “lunch-and-learns,” and professional networking, all while immersing students in Korean culture and its history in esports. Students will also visit competitive organisations and gaming publisher studios.
The post Thirteen Leading Universities Partner with Gen.G for its Practicum Abroad Programme to Prepare Students in Seoul for Esports Careers appeared first on European Gaming Industry News.
-
Latest News5 days agoBoomerang Partners has announced a gift auction at their booth during the upcoming SiGMA Europe 2025 in Rome
-
Africa7 days agoSouth Africa’s Top Gamers Crowned at 2025 MTN SHIFT Gaming Grand Finals at Canal Walk
-
Australia7 days agoVGCCC: Footy Legends Team Up to Champion Limit Setting
-
Ivelina Balova Product Owner at Sneaky Slots7 days agoSneaky Slots reveals a bunch of freaks in its second release, Freak Show Revelation
-
Australia6 days agoRTG Global Awards to be Presented During Regulating the Game 2026 Gala Dinner on 10 March 2026
-
Asia5 days agoNagaWorld Achieves Exceptional Great Place To Work Certification with Near-Perfect 95% Trust Index Score
-
BGaming7 days agoLand Colourful Cluster Wins in BGaming’s Merge Up™ 2
-
Affiliate Industry5 days agoMelBet Partners to Bring UFC Champion Kamaru Usman to SiGMA Central Europe



