ASIA & OCEANIA
Venetian Celebrates 10 Years in Cotai Las Vegas Sands has celebrated the 10 year anniversary of its Venetian Macao
with a ceremony at the outdoor lagoon of the iconic integrated resort and a dinner attended by government officials from Macau and China
Sheldon Adelson was due to attend the ceremony, but was injured on the ferry from Hong Kong to Macau and missed the event.
CHINA OPERATOR NEWS
AUSTRALIA – Australian slot giant Aristocrat Leisure has reported record earnings for the full year ended 30 September 2017, with revenue up 15.3 per cent to AU$2.45bn and EBITDA increasing by 24.2 per cent to hit the AU$1bn mark.
Net profit after tax and before amortisation of acquired intangibles (NPATA) for the year was $543m, representing growth of 36 per cent in reported terms and 40% in constant currency, compared to the $398 million delivered in the twelve months to 30 September 2016. This result reflected the strong performance delivered across the Group’s global portfolio, in particular outstanding momentum in the Americas, significant growth in the Digital and International CIII segments and sustained strength in Australian markets.
Revenue increased by more than 15 per cent in reported terms and over 18 per cent in constant currency compared to the PCP, to a new record of over $2.45bn. Earnings before interest, tax and depreciation and amortisation (EBITDA) increased over 24 per cent in reported terms and almost 28 per cent in constant currency, demonstrating Aristocrat’s sustained ability to grow revenue and leverage value through the P&L. EBITDA margins increased from 38 per cent to 41 per cent over the period.
Aristocrat CEO and MD, Trevor Croker, said: “Aristocrat delivered high quality results over the 2017 fiscal year, against a backdrop of mostly flat markets and increasing competitive pressure. Industry leading content, hardware and technology, coupled with effective execution focused on our highest value opportunities once again underpinned our performance.
“Further growth in our core recurring revenue segments of gaming operations and digital social casino was particularly pleasing, with 52 per cent of Group revenues deriving from recurring sources during the year as well as growth in outright sales over the period,. This represents further progress in ensuring Aristocrat delivers sustainable returns and cashflow over time, consistent with our strategy and shareholders’ interests.
“During the reporting period, Aristocrat invested behind our core business while also making progress in unlocking attractive growth opportunities in adjacent markets and segments. Going forward, Aristocrat will continue to target high quality growth, with the benefit of our established performance momentum, broadening capabilities, strong balance sheet and growing recurring revenue base” Mr Croker concluded.
P32 NEWSWIRE / INTERACTIVE /
247.COM
Opened on August 28, 2007, with great expectations for its success, Las Vegas Sands' anchor property on the Cotai Strip quickly became a must-see landmark destination that redefined the Cotai skyline, where it still draws in millions of visitors from around the world 10 years later. Sands China President Wilfred Wong highlighted at the event that the 13 per cent increase in profit in the third quarter which took profit to $652m boded well for the year as a whole.
Mr. Wong said: "October was very strong. Hopefully for this year, with only two months to go, we can continue the growth trend. Te economy and finance secretary also said that he expects that this year is going to pan out well. Sands China is so grateful to the Macau government, to the local community and to our team members as we commemorate this important milestone for Te Venetian Macao, for our company and for Macau. It is our honour and pleasure to serve and operate in this vibrant community and it is our hope to continue to grow with Macau and work in tandem with the Macau government to further support Macau’s transformation into a world centre of tourism and leisure.”
Las Vegas Sands Chairman Sheldon Adelson
Silver Heritage’s Tiger Palace hotel given five star rating
Nepal
Silver Heritage is clear to open its gaming floor at Tiger Palace Resort Bhairahawa following an announcement from the Ministry of Culture, Tourism, and Civil Aviation of Nepal (MOCTCA) that it has awarded a 5-Star Hotel Rating to the hotel at the resort.
Te company now has the documentation required to lodge the application to MOCTCA for its existing licensed casino management company, SHL Management Services (KTM) Private Limited (SHMK), to operate the casino at Tiger Palace. SHMK currently operates the casino
was unable to attend the event due to an injury sustained on the ferry from Hong Kong to Macau but he is expected to make a full recovery and will return to Macau in early 2018.
Las Vegas Sands Senior Vice President of Global Communications Ron Reese said: “Mr Adelson has been receiving treatment for the injury and is expected to make a full recovery. He was not able to participate in the events celebrating the 10th anniversary of Te Venetian Macao, but he is grateful for the support of everyone in attendance, especially those representing the government. He looks forward to returning to Macau in early 2018.”
With a vision to establish a world-class business, leisure and family destination on the Cotai Strip, Chairman and CEO of Las Vegas Sands Corp. and Sands China, Mr. Adelson brought his successful integrated resort model to Macao with the launch of Te Venetian Macao – a move that was seen as a risky venture by many, but one that has stood the test of time. Ten years on, Te Venetian Macao has been joined by three interconnected sister resorts – Te Plaza Macao, Sands Cotai Central, and Te Parisian Macao – forming an integrated resort city on Cotai attracting nearly half a billion visitors over the last 10 years.
at the Shangri-La Hotel known as Te Millionaire’s Club and Casino, Kathmandu, under the casino regulations of Nepal (Casino Rules 2070).
SHMK is able to operate casinos in different 5-Star hotels in Nepal.
Tiger Palace opened its hotel in September 2017 and will be ready to commence gaming operations at the resort’s casino following the processing of the application, at which time the company will make a further announcement.
Tiger Palace is the first integrated resort designed to address the demand from the burgeoning middle class in India with over 400 million people living in Uttar Pradesh, Bihar and West Bengal, all of which are adjacent to Nepal.
Australia
Oulala, the daily fantasy sports (DFS) operator and B2B provider, will expand its monetised platform via its new partnership with Bravio, initially seeking to penetrate the relatively untapped Indian mobile market networks. Te latest expansion of the European daily fantasy football site is a white label agreement between OulalaGames Limited and the TSX focused Bravio Gaming Limited, the Australian registered B2B and B2C provider of online digital entertainment. Bravio are currently pursuing a TSX listing, recently completing a company milestone via the successful transaction to acquire Mobimedia India, a mobile marketing agency which implements and manages strategic integrated mobile marketing campaigns.
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