Search Results

Alibaba anchor investor in HK$2bln Greater Bay Area startup venture fund

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.

Is it the end of the road for the junket industry?

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 9-month revenue rises 37% as China lottery rebounds

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.

Tracking a decade of China crackdowns

Despite an ongoing pandemic, China does not appear to be letting up its grip on what it deems as "evils" in society, politics, and its economy.

China moves to suppress pro-gambling songs

China is moving to suppress heavy post-work drinking, as well as banning songs that speak “harmful information," including lyrics inspiring gambling.

AGTech narrows loss in 1H21 as China lottery sales increase 44%

Chinese lottery service provider AGTech Holdings saw its losses narrow approximately 60 percent in 1H21, compared to the previous corresponding period in 2020. 

Your Daily Asia Gaming eBrief: Operators mull differing routes to capture online share

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.

Glamping & RVs among new China travel preferences

Although much of the world is closed down to international travel, destinations interested in attracting the Mainland Chinese visitor should be aware of new trends and preferences and tailor their offer accordingly.

What’s happening to Chinese luxury sales? [Infographic]

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.