Macau

Galaxy Entertainment Group executive director Francis Lui is calling for closer co-operation between Macau’s gaming regulator and its concessionaires and suggested the government should consider cutting taxes to help Asia's gambling hub remain competitive.

Paradise Entertainment swung to an adjusted EBITDA loss in Q1, as revenue from both its casino services business and its electronic gaming machine division declined.

G2E Asia kicks off in Macau on Tuesday, with organizers predicting a record-breaking turnout for the three-day event.

Gross gaming revenue last week in Macau was lower than expected, hitting MOP3.85 billion ($480 million), with an average daily rate of MOP550 million, said Bernstein in a note on Monday.

Unsafe levels of the Legionella bacteria, the cause of Legionnaires’ disease has been found in some water samples taken from The Parisian.

Junket investor Jimei International Entertainment Group Ltd has appointed two new executive directors, effective May 11, according to a filing by the company to the Hong Kong Stock Exchange.

Daily Fantasy Sports are gaining traction in Asia and DFS is expected to be one of the main talking points at this year’s G2E Asia conference in Macau.

Gross gambling revenue is likely to gain more than 16 percent in Q2, but will be down about 5 percent sequentially from Q1, while the second half of the year will decelerate further due to a fall off in VIP revenue, Bernstein Research estimates.

This year, BetConstruct travels with its innovative and proven offerings to G2E Asia 2017 in Macau.

TransAct Technologies Inc will demonstrate a full suite of its innovative software technologies and printing solutions for the global gaming industry at G2E Asia 2017.

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