Economy

Travellers International Hotel Group Inc. is seeking insurance compensation for financial losses suffered when the company’s Resorts World Manila casino shut down following a June arson attack that left 38 people dead. The company is seeking PHP721 million (~US$14.11 million) to help offset the PHP921 million (~US$18.03 million) in losses....
After completing its acquisition of Malta-based rival ComeOn Malta Limited in May, Swedish online casino operator Cherry AB has now released its financial results for the first six months of 2017 showing a 192% increase year-on-year in overall revenues to $133.61 million. Cherry AB is responsible for over a dozen...
Asian casino giant Genting Malaysia has blamed unfavorable foreign exchange transactions along with higher operating costs after its net profit for the three months to the end of June fell by 59.4% year-on-year to approximately $45.2 million. The operator behind the hill-top Resorts World Genting casino resort near Kuala Lumpur,...
Imperial Pacific Holdings International (IPI) wrapped up the first half of 2017 with gross profits more than two-fold what they were for the same period in 2016. However, operating expenses mainly attributable to bad debt also increased by 208%. The company opened their new casino within the Imperial Pacific Resort...
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