Rank, the gaming operator has confirmed that the 150p/share formally tabled by Guoco, most definenlty undervalues bingo to the the casino company and its prospects. No further offers are expected from Guco as the offer only gives shareholders 21-days to accept and values Rank at £586 million.
A sharp rise for SJM Holdings reports an 85 % rise in thier first quarter profits, on the back of a 43% increase in gaming revenues in Macau. This market leading casino operator, posted an 85 % rise in its first quarter net profits. Stanley Ho’s company, has a 29.6 % share of the market, which saw profits rise to 1.41 billion Hong Kong dollars (US$181.3 million) from HK $760 million 12-months earlier.
Further news from Macau, the Asian mecca to Las Vegas, announces that Aristocrat has secured over 60 % of the slot installation on the gaming floor at the Galaxy Macau, which opened on May 15th. Galaxy will launch Aristocrat’s best performing Asian titles, and David Punter Aristocrat’s General Manager, confirmed
“Not only has Aristocrat secured the majority of slot machines in the main gaming floor of Galaxy Macau, but this is the highest market share of any casino opening in Asia and we are very proud to be a part of what will be one of the finest destinations in Cotai, Macau.“
Galaxy Macau features three of Asia’s finest hotel brands, 50 restaurants and bars, a Skytop Wave Pool generating waves up to 1.5 metres high and a man made 350-ton white sand beach.