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Tag: Reports

  • Chelsea target drops major transfer hint amid reports claiming a deal is close

    Chelsea target drops major transfer hint amid reports claiming a deal is close

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    Chelsea transfer target Andrey Santos has dropped a hint that he could be on his way to Stamford Bridge.

    Fabrizio Romano recently confirmed that Chelsea were closing in on a deal to sign Vasco da Gama youngster Santos. The report claims that the deal is at it’s final stages, as Chelsea continue to try and find the best young talent from around the world.

    Now, Chelsea fans may be getting a little excited about the prospect of bringing in Santos, as the Brazilian was pictured with a family member surrounded by Chelsea colours, as seen in the picture below.

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    With the deal waiting to be finalised, Santos appears to have been celebrating the potential move before it’s been officially announced.

    With Romano confirming that a deal is close, we could see Chelsea announce the signing as soon as the January transfer window opens.

    It’s been a clear strategy from Todd Boehly since he took over as Chelsea owner, as he looks to build his side with a long term plan, not just looking for immediate success.

     

     

     

    The post Chelsea target drops major transfer hint amid reports claiming a deal is close appeared first on CaughtOffside.

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  • (Photo) Fan reports Sofyan Amrabat’s reaction to Liverpool links

    (Photo) Fan reports Sofyan Amrabat’s reaction to Liverpool links

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    Fiorentina’s Sofyan Amrabat has been one of the 2022 World Cup’s standout performers.

    Helping to guide Morocco to the semi-finals, Amrabat, 26, has played an integral role for manager Walid Regragui, and following his impressively consistent performances, the midfielder is now being linked with a big move to the Premier League.

    MORE: Exclusive: Collymore weighs in on Southgate’s England future

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    According to 90min, both Liverpool and Spurs are interested in Amrabat, however, after corning the defensive midfielder recently, one Reds fan, who posted on ‘Born N’ Red’ Twitter profile, claims to have asked the 26-year-old for his thoughts on coming to Anfield.

    In a follow-up post, ‘Born N’ Red’ added that the Morocco international said: “Liverpool is a beautiful club.”

    The post (Photo) Fan reports Sofyan Amrabat’s reaction to Liverpool links appeared first on CaughtOffside.

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  • PLC Reports 47% Revenue Increase in H1 2022

    PLC Reports 47% Revenue Increase in H1 2022

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    Premium Leisure Corp (PLC), an investment holding company that participates in gaming-related businesses, has posted its financial results for the first half of 2022. The results demonstrate a strong post-COVID recovery and show the company’s strengths.

    PLC Recorded Improved Revenues

    As reported by PLC, the company earned around $14.69 million (current conversion rates) for the period, which represents a YOY increase of 47%. For comparison, the company roughly earned about $10 million for the same period last year. PLC also reported consolidated revenues of $21 million for the period, up 18% from H1, 2021.

    The company attributed its improved results to the better economic landscape in 2022. According to a statement by a PLC spokesperson, the company’s operations during the first half of the year were strong despite the echoing effects of the COVID-19 pandemic.

    Both of PLC’s Gaming Brands Performed Well

    Taking a look at how PLC’s various gaming brands performed, we see that Premium Leisure and Amusement (PLAI) saw its revenue increase to $17 million. This is notably 20% more than what the brand earned during the first half of the previous year. According to PLC, PLAI’s GGR increased thanks to the waning pandemic and the eased up quarantine rules. This helped the company get its casino operations going and rake in better revenues.

    Meanwhile, Pacific Online Systems Corporation (POSC), PLC’s B2B gaming brand, saw revenues increase by a more modest 7% to $3.84 million. The company dropped its KENO operations in early 2022 and instead opted to focus on Lotto sales. This strategy turned out to be a winning one. In addition, POSC’s operating expenses declined by 22% to $2.6 million, which attests to the company’s robust cost efficiency measures.  

    Other Philippines-related News

    PLC’s results for the first half of the year are in line with the overall recovery tendency the Philippine market is experiencing. According to the PAGCOR, the country’s gaming authority, the gambling industry has been experiencing a strong recovery since the beginning of the year.

    In other news, the Philippine Court of Appeals recently decided to lift the freeze on Chinese junket funds. The authority announced the end of an earlier asset preservation order which came after $81 million were stolen from the Bangladesh central bank. Sadly, the Philippine government managed to return only a fraction of the money that was originally stolen during the cyberattack.

    On a separate note, in June, Universal Entertainment accused the PAGCOR of corruption amid the infamous Okada Manila incident.

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  • Genting Malaysia Reports Improved Performance in Q22022

    Genting Malaysia Reports Improved Performance in Q22022

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    Genting Malaysia posted strong results during the second quarter of the year ended on June 30, 2022. The company reported $478 million (MYR2.18 billion) in revenue or a five-fold increase. The key driver of this revenue was the Malaysian Integrated Resort.

    Genting Malaysia Marks Strong Recovery in Q2022

    Resorts World Genting managed to pull in $293 million over the period, or some MYR1.31 billion in local currency. The second-quarter results continued to build up on the slight recovery registered in the first quarter of the year, for the period ended on March 31. At the time, the Group reported $385 million (MYR1.72 billion) in revenue. Resorts World Gaming generated $206 million in the previous quarter.

    The latest financial results remained strong, nevertheless. Adjusted EBITDA for the quarter was reported as $139 million or MYR619.5 million. This was a significant year-over-year jump from the $10 million reported in the second quarter of 2021, and an improvement still from the $93 million (MYR414.4 million) reported in Q1 2022.

    Genting Malaysia continues to operate well beyond Malaysia, focusing on developments in Egypt and the United Kingdom. Results in those properties also managed to increase significantly in year-over-year terms. The combined revenue for the overseas properties reached $85 million or MYR381.2 million.

    In the United States, revenue stood at $93 million or MYR417.2 million with Genting Malaysian demonstrating strong diversification. The Group will also pursue the establishment of better synergies between RWNYC and Resorts World Cocktail, hoping to consolidate its local market exposure and maintain a leading position in the northeast US region.

    Still, Asia remains its stomping ground where the company hopes to achieve full recovery as the risk of a massive COVID-19 outbreak remains moderate. So much that the company has allowed itself to be cautiously optimistic for the near-term outlook of the leisure and hospitality industry, Genting Malaysia stated in the official Q2 report.

    Efforts Beyond Asian Markets Paying Off

    In Malaysia, the Group intends to continue optimizing yield contributions by focusing on key business verticals and database marketing efforts. Foreign and domestic visitations to Resorts World Genting will also constitute a big part of the Group’s future results. The Group is also eyeing a boost in travel demand in the Bahamas as pent-up demand is most likely to drive significant revenue for the company in the quarters ahead.

    A lot hinges on the COVID-19 pandemic being kept at bay so that traveling can pick pre-pandemic levels. A shift in the overall attitude has also been noticed, with companies trying actively to attract higher-value customers.