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Genting Malaysia Reports Huge Loss
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Genting Malaysia, a division of betting conglomerate Genting Group, has reported a loss of MYR1.4bn ($499.9 million) for the first half of the year. The loss, as one would expect, results from the partial closure the company’s properties owing to Covid-19 outbreak.
The company posted a revenue of MYR2.1bn during the first six months of 2020, a decrease of 61.2% year on year.
All properties of Genting had remained closed from March 18 to June 19, following a government order. Even after restart, the facilities function at a reduced capacity.
The company’s operations in other countries too have suffered losses, with UK and Egypt divisions reporting a revenue fall of 51.8%. The US and Bahamas divisions too reported a revenue slide of 61.2%.
A press release from Genting said the company would “maintain a cautious stance” in the short-term for both Malaysia and other operating regions.
“The tourism, leisure and hospitality and gaming industries are among the sectors hardest hit by the pandemic,” the press release said. “As the Covid-19 situation continues to evolve, pandemic-related fears and uncertainty may result in the slow recovery of this sector.”
“Whilst the group is encouraged by the resumption of its business in Malaysia and the UK, uncertainties surrounding the full impact of the pandemic on the group’s operations and financial performance remain,” the release stated.
“The board wishes to caution that the group expects its financial results for the financial year ending 31 December to be adversely impacted.”
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Genting Malaysia Reports Huge Loss
We’re pleased to announce our win at this year’s Dynamites Awards 2024, taking home the Skills Developer award for our commitment to developing our colleagues at all levels throughout Bede.
This award is recognition for our commitment to our people: constantly giving our colleagues the opportunity to develop and celebrating the hard work our team has put in to create an innovative Learning & Development Strategy.
The success comes down to the range of initiatives we implement such as; providing our colleagues with the means to take ownership of their learning and progression through our Career Development Framework and maximising our use of the apprenticeship levy (and other accreditations, such as IT Service Management) to invest in our technical skills.
We are also proud to partner with local schools and colleges to inspire young minds to pursue a future in technology, working with Cyberfirst to provide internships to nurture future talent.
A huge thank you to Dynamo North East for putting on a brilliant night celebrating the incredible work happening in the IT and Tech industry, and to our colleagues who make all our achievements happen.
The post Bede Wins Skills Developer Award at Dynamites 2024 appeared first on European Gaming Industry News.
Jekaterina Has Been Officially Recognised as One of HIPTHER’s Top 50 Speakers after Talks at Multiple iGaming Congresses
The votes are in and Jekaterina Dubnicka, Head of Marketing and Communications at Slotsjudge, has made it onto HIPTHER’s list of the Top 50 Speakers of 2024. This list recognises the most influential figures in the iGaming industry, highlighting the work they’ve done and the ideas they’ve shared within the industry.
About Jekaterina Dubnicka
Jekaterina is an experienced marketing manager with a Bachelor’s in International Marketing from Rīga Stradiņš University and a Master’s in Marketing from Rome Business School. In her short time at Slotsjudge, Jekaterina has set new standards for content creation and user engagement at Slotsjudge, elevating the brand with her innovative ideas for community engagement. Arguably her greatest contribution is her ability to engage the Slotsjudge readership and grow the brand while staying committed to creating a safe and responsible gambling environment.
Event Participation and Achievements
In 2024, Jektaerina has been a regular speaker at many of the industry’s biggest conferences, sharing ideas with thousands of her peers. This year has seen Jekaterina speak at the MARE BALTICUM Gaming & TECH Summit in June, and the European Gaming Congress, where she shared her cutting-edge thoughts on promoting responsible gambling via affiliate channels, gamification, Neuromarketing in iGaming, and community engagement.
Recognition Details
Each year, hundreds, if not thousands of speakers take the stage at iGaming conferences around the world. Only the most innovative, most thought-provoking, and most inspiring influencers make it onto HIPTHER’s shortlist of Best Speaker nominees each year, and to make it onto the final list of the Top 50 is vindication of the hard work Jekaterina has put in this year.
“Being named as one of HIPTHER’s top 50 speakers of 2024 is an incredibly proud moment in my professional career. I’m thankful to the panel and everyone who voted for me; I can’t wait to continue sharing my thoughts and passion for the iGaming community in 2025 and beyond.”
Conclusion
Jekaterina’s engaging talks have resulted in a well-earned spot on the prestigious list of HIPTHER’s Top 50 Speakers of 2024. We have no doubt that Jekaterina will continue to lead innovation and inspire ideas through next year and beyond. Visit Jekaterina’s speaker profile and learn more about Slotsjudge’s innovations.
The post Jekaterina Dubnicka Earns a Spot in HIPTHER’s Top 50 Speakers of 2024 appeared first on European Gaming Industry News.
Latest News
ACR POKER IS AWARDING 100 FREE SEATS TO FINAL WSOP QUALIFIER, WITH FIVE GUARANTEED $30K PACKAGES TO PARADISE
Join ACR Poker’s Freeroll to WSOP Qualifiers this Sunday and secure your chance to win a free ticket to the $50 Million GTD WSOP Super Main Event in the Bahamas
The countdown to the $50 Million GTD WSOP Super Main Event in the Bahamas is on, and ACR Poker is offering players a chance to win their way to this monumental event for free. On Sunday, December 1st, players can join the Freeroll to WSOP Qualifiers and claim one of 100 free $95 satellite tickets, putting them one step closer to winning a coveted $30K WSOP Paradise Package.
Starting this Sunday at 9:00am ET, the Freeroll to WSOP Qualifiers offers players the ultimate opportunity to compete for a free seat in the largest guaranteed live poker tournament in history. The top 100 finishers of the freeroll will advance to the final $95 Mega Satellite via ‘The Beast’ tourney at 2:05pm ET that same day, where at least five winners will receive an incredible $30K package.
“The Freeroll to WSOP Qualifiers is your chance to turn a $0 investment into a $30K package in paradise and a poker journey of a lifetime,” said 2003 WSOP Main Event Champion and ACR Pro Chris Moneymaker. “Every poker player dreams of moments like this, and with just one freeroll and one $95 Satellite, you could be heading to the Bahamas to compete for huge stakes in poker’s biggest live tournament ever.”
Winners of the premium $30,000 package will receive a luxurious 14-night stay at the 5-Star Atlantis Paradise Island Resort (December 6th-19th) with complimentary lunch and dinner, a $26,000 buy-in to the WSOP Super Main Event, access to an exclusive players’ lounge and entry to the $1 Million Super Save Gold Bracelet Freeroll.
For those looking to increase their chances of earning their $95 Beast ticket, Daily Super Satellites will continue through this Saturday, with five daily freerolls awarding $11 Super Satellite tickets and five $11 Turbo tournaments guaranteeing five $95 seats. This Sunday will also feature two freerolls leading to $11 Super Satellites, plus a Mega Super Satellite at 10:10am ET with 30 guaranteed $95 tickets.
For more details on the Freeroll to WSOP Qualifiers, visit ACRPoker.eu.
The post ACR POKER IS AWARDING 100 FREE SEATS TO FINAL WSOP QUALIFIER, WITH FIVE GUARANTEED $30K PACKAGES TO PARADISE appeared first on European Gaming Industry News.
Bede Wins Skills Developer Award at Dynamites 2024
Jekaterina Dubnicka Earns a Spot in HIPTHER’s Top 50 Speakers of 2024
ACR POKER IS AWARDING 100 FREE SEATS TO FINAL WSOP QUALIFIER, WITH FIVE GUARANTEED $30K PACKAGES TO PARADISE
Stretch Network Unveils MEGA FREEBUY Tournaments in World Poker League Season 3
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