Genting Buys LeoVegas’ Live Casino Business for €15 Million

November 4, 2019

LeoVegas has recently entered into an agreement to sell its live casino arm to behemoth gambling operator Genting for a whopping €15 million. Authentic Gaming, the B2B live casino business of LeoVegas, is reportedly set to earn its previous owner a return of over 100 percent. This is very impressive especially considering how profitable the business has been – for the three months leading up to June 30, the business generated close to €1 million. For the past three years, the live casino business has been operating as an independent division of LeoVegas. Its operations were funded by LeoVentures, the… Read More

Genting Unveils Revamped Online Gaming Platform

September 4, 2019

Renowned gambling and entertainment operator Genting has recently announced plans to rebrand its online casino, live casino and sportsbook offering as GentingBet. This is part of the company’s wider plans to consolidate its product range for the very first time since it was launched. What to Expect The revamped Genting Bet platform is primarily a mobile-first offering but it has also been optimized to offer the best possible experience on a wider range of devices including tablets and desktops. Customers can, therefore, expect a new and refreshing experience that will be driven by several new tools, a wide range of… Read More

Travellers International Hotel Low Net Profit

Travellers International Hotel Low Net Profit
May 15, 2018

Travellers may want to refocus their position on mass market or middle-class patrons after their net profits are lower than expected. China sees great gains with middle-class gamblers, but there is also the issue of less space at one of Travellers locations. They are unable to support as many gamblers. Net profit information shows a third drop in profits. The gross gaming revenue has taken a toll on the hotel-casino operator. Travellers is a Philippine-based operator, with several partnerships, including Resorts World Manila, and a joint venture with Genting Hong Kong. They also share profits with the Philippines Alliance Global… Read More