The group behind City of Dreams Manila, is up in arms after learning that one of its rivals is planning on opening a casino outside the Philippine Amusement and Gaming Corporation’s (Pagcor) Entertainment City complex.

Belle Corporation vice chair Willy Ocier told reporters on Monday that state regulator Pagcor should dissuade owners of gaming licenses from putting up casinos in areas other than Entertainment City, where massive sums of money have already been invested into.

“In the license that we all have, it guarantees a level playing field. There is [a] clause in our license [that it should be a] level playing field,” Ocier said, according to Business World.

The Belle executive was reacting to news that Enrique Razon Jr., owner of Bloomberry Resorts Corp., will start building his second casino project in Quezon City next year. Razon owns Solaire Resort and Casino, which is located near Belle’s City of Dreams Manila in Entertainment City.

Paddy Power Betfair is pitting two marketing firms against each other as the company continues its cost-cutting program, several media outlets have reported.

The newly-formed betting giant is reportedly rethinking the £40 million annual media spend for the United Kingdom and Ireland into a single agency, according to the Independent.

M2M has handled Paddy Power’s marketing since 2009, while MediaCom has been handling Betfair’s European business since last year. According to Campaign Live, the two marketing agencies were already in the advanced stage of the pitch process, following the completion of the Paddy Power-Betfair merger in February.

Paddy Power Betfair, whose headquarters is in Dublin, previously said it plans to save £50 million annually “from synergies in a number of areas, including marketing.”

Paddy Power Betfair is pitting two marketing firms against each other as the company continues its cost-cutting program, several media outlets have reported.

The newly-formed betting giant is reportedly rethinking the £40 million annual media spend for the United Kingdom and Ireland into a single agency, according to the Independent.

M2M has handled Paddy Power’s marketing since 2009, while MediaCom has been handling Betfair’s European business since last year. According to Campaign Live, the two marketing agencies were already in the advanced stage of the pitch process, following the completion of the Paddy Power-Betfair merger in February.

Paddy Power Betfair, whose headquarters is in Dublin, previously said it plans to save £50 million annually “from synergies in a number of areas, including marketing.”

The decline in Macau may not be over yet, but Las Vegas Sands is handling it better than the market currently perceives. Earnings were a bitter disappointment and the stock is down 13% since the release. There are significant positives from this earnings release though that bode well for the future, at least withregard to LVS. That is, the casino is gaining efficiency since having been tried by the Macau collapse. This might not be visible from the overall income statement because operating expenses were higher as a percentage of revenue than last year’s first quarter. Look deeper though and you’ll find that’s not because of Macau. Besides, it could have been much worse considering the collapse in gaming volume.

Here’s a breakdown of the major Macau properties and you’ll see what I mean.

Venetian Macau

Counting rolling chip and non-rolling chip volume and slot handle, total gaming volume was down 3.3%. Hotel occupancy was also down 8pts, and the revenue per available room down 24%. Across the board, less people are coming and less money is being staked year over year. The absolute loss in gaming volume or money staked was $382.4M. Nevertheless, despite all that, operating income was still up 1.8%.

The decline in Macau may not be over yet, but Las Vegas Sands is handling it better than the market currently perceives. Earnings were a bitter disappointment and the stock is down 13% since the release. There are significant positives from this earnings release though that bode well for the future, at least withregard to LVS. That is, the casino is gaining efficiency since having been tried by the Macau collapse. This might not be visible from the overall income statement because operating expenses were higher as a percentage of revenue than last year’s first quarter. Look deeper though and you’ll find that’s not because of Macau. Besides, it could have been much worse considering the collapse in gaming volume.

Here’s a breakdown of the major Macau properties and you’ll see what I mean.

Venetian Macau

Counting rolling chip and non-rolling chip volume and slot handle, total gaming volume was down 3.3%. Hotel occupancy was also down 8pts, and the revenue per available room down 24%. Across the board, less people are coming and less money is being staked year over year. The absolute loss in gaming volume or money staked was $382.4M. Nevertheless, despite all that, operating income was still up 1.8%.

UK-listed online gambling firm GVC Holdings‘ 2015 revenue jumped while profits tumbled following the company’s acquisition of rival Bwin.party digital entertainment.

On Monday, GVC issued preliminary results for 2015, during which net gaming revenue rose 10% year-on-year to €248m, clean earnings were up 10% to €54m and profit before tax (and exceptional items) rose 21% to €50m. This marks the fifth straight year GVC has boasted revenue and earnings growth.

However, €23m in costs related to the prolonged battle to secure the €1.1b Bwin.party acquisition helped push operating profits down 35% to £27.7m. The company also reported a combined hit of £12.4m from the UK’s new 15% online point of consumption tax and the imposition of new value added tax in certain European Union markets.

Regardless, GVC CEO Kenneth Alexander hailed his company’s “momentous year” and claimed GVC has “never been in a stronger position going forward.” Over the next year, the company maintains that it will achieve the €125m in synergies it promised when it inked the Bwin.party deal last September.

UK-listed online gambling firm GVC Holdings‘ 2015 revenue jumped while profits tumbled following the company’s acquisition of rival Bwin.party digital entertainment.

On Monday, GVC issued preliminary results for 2015, during which net gaming revenue rose 10% year-on-year to €248m, clean earnings were up 10% to €54m and profit before tax (and exceptional items) rose 21% to €50m. This marks the fifth straight year GVC has boasted revenue and earnings growth.

However, €23m in costs related to the prolonged battle to secure the €1.1b Bwin.party acquisition helped push operating profits down 35% to £27.7m. The company also reported a combined hit of £12.4m from the UK’s new 15% online point of consumption tax and the imposition of new value added tax in certain European Union markets.

Regardless, GVC CEO Kenneth Alexander hailed his company’s “momentous year” and claimed GVC has “never been in a stronger position going forward.” Over the next year, the company maintains that it will achieve the €125m in synergies it promised when it inked the Bwin.party deal last September.