Crown to offshore more than 100 corporate roles as cost-cutting intensifies
Technology, accounting and finance functions to move to Asia while union dispute escalates in Melbourne.
Technology, accounting and finance functions to move to Asia while union dispute escalates in Melbourne.
Lotte Tour returned to profit in 2025 as Jeju Dream Tower fueled strong revenue and operating growth.
The operator’s net revenue for the fourth quarter of 2025 equates to 43% growth year-over-year, while net revenue during FY2025 increased 27% for a total of nearly $6.1bn.
The operator managed to increase net revenue for Q4 2025 by 1.5% to $1.9bn, despite net income and adjusted property EBITDAR both witnessing decreases year-over-year.
The operator reported its financial results for Q1 fiscal year 2026 on February 12, witnessing a 0.2% decrease in net revenue to $434.5m, as well as a 3.4% fall in adjusted EBITDA to $86.4m.
Both figures equate to decreases from Super Bowl handles generated during 2025, as New Jersey’s handle decreased by just over 25%, while Pennsylvania witnessed a loss of 41.6%.
The Q4 results of Melco Resorts and Entertainment exhibited a promising return to profitability, though the company is not getting carried away as the City of Dreams brand grows.
Macau-led gains at City of Dreams and Studio City lifted group profitability in the quarter, offset by softer results in Manila and continued losses at Altira and new Sri Lanka operations.
Strong online performance offsets weaker property results, while international operations post lower gaming volumes.
Novomatic now holds 66.84% of Ainsworth Game Technology following the closure of its off-market takeover offer on 6 February 2026.