E-commerce giant Alibaba is going to be a key investor in a HK$2 billion Greater Bay Area venture fund aimed at further integrating the region via startups in the Greater Bay Area.
Macau’s gaming industry has been through a tumultuous few months that appear to have put the nail in the coffin for both the junket and VIP gaming industry, but have also raised questions over the broader future for the city’s casinos.
AGTech Holdings said its revenue in the 9 months to end-September gained 36.6 percent on the back of a rebound in the China lottery market.
Chinese lottery service provider AGTech Holdings saw its losses narrow approximately 60 percent in 1H21, compared to the previous corresponding period in 2020.
Sunny skies when gaming analysts extrapolate that Macau GGR is likely to surpass pre-pandemic 2019 levels, by a whooping 25 percent, by 2025. The argument is the long-term structural story for the market, driven by mass and premium mass gaming.
Felix Ng -
Whilst global luxury sales fell as much as 20 percent in 2020, China's luxury market bucked the trend, growing a whopping 50 percent in the same year to around CNY356 billion (US$55.2 billion), according to reports.