Monday, February 26, 2024

AGBrief Editorial

Avatar photo
6150 POSTS0 COMMENTS
https://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

LATEST NEWS

PAGCOR calls return of major online gambling company “huge vote of confidence”

The Philippine Amusement and Gaming Corporation (PAGCOR) has welcomed the return of eGaming giant 188Bet to the Philippines.

Almost 700 arrested in Myanmar border town police raid

Military police on Friday arrested 689 individuals during a raid on an online gambling business in the Thai-Myanmar border town of Tachileik.

Russian buyer of Tigre de Cristal looking to terminate deal

A Russian company that intended to purchase Tigre de Cristal Resort is looking to terminate the deal, Summit Ascent and LET Group announced.

South Korea and Thailand lead in visitor spending per capita in Macau

Visitors from South Korea, Thailand, and Mainland China ranked as the top three with the highest visitor spending per capita in Macau last year.

Mainland China individual traveller scheme to Macau and HK expanded  

The Chinese Central Government has announced plans to expand the current individual visit scheme for Chinese nationals to visit Macau and Hong Kong.

Maybank trims Genting Singapore profit estimates despite optimistic outlook

Although maintaining a ‘cautiously optimistic’ outlook for Genting Singapore in 2024, Maybank cuts its EBITDA and core net profit estimates by 6 percent and 11-12 percent, respectively.

The Star Sydney starts cashless gaming trial

The Star Entertainment Group Limited has officially launched a trial of cashless gaming and carded play at The Star Sydney casino, the company has announced.

Genting Singapore’s net profit tops $456M in 2023, up 80% year-over-year

Genting Singapore has announced a net profit of SG$611.6 million ($456 million) for the fiscal year 2023, which concluded on December 31st, marking an 80 percent increase year-over-year.

Macau casino tycoons features on Forbes’ richest people list

Macau gaming operator Galaxy Entertainment Group's chairman, Lui Che Woo, has emerged as one of the top 10 wealthiest tycoons on Forbes' 2024 list of Hong Kong's 50 Richest

Imperial Pacific International challenges delisting decision

The Saipan casino operator Imperial Pacific International (IPI) has decided to proceed with Judicial Review (JR) Proceedings against the delisting decision made by the...

SkyCity ruled to pay $8.6M in unpaid casino duty

The South Australian Court of Appeal has ordered that SkyCity Entertainment Group pay an additional casino duty of AU$13 million ($8.6 million).

Macau’s gaming industry to continue growth in 2024, operator debt reduction to still take time – Fitch

Fitch Ratings has expressed optimism regarding the outlook of Macau's gaming industry for the year 2024, citing a projected improvement bolstered by a steady recovery in inbound tourism.

SkyCity sees drops in profit and revenue in 1H24, despite uptick in Auckland property

New Zealand and Australian gaming operator SkyCity Entertainment Group has reported a yearly drop in both revenue and net profit for the six-month period ended December 31st, 2023.

Asia Gaming Awards 2024: Recognizing Excellence in the Asian Gaming Industry

The Asia Gaming Awards, hosted by Asia Gaming Brief, is set to once again recognize and celebrate the outstanding achievements in the Asian gaming industry.

Tabcorp half year results show $417.2 million loss

Australian gambling giant Tabcorp has announced a substantial loss of AU$636.8 million ($417.2 million) and a 5 percent revenue decline in its latest half year report.

Malaysia arrests over 200 in Chinese New Year gambling crackdown 

Malaysian police arrest 216 individuals in raids over Chinese New Year period.

Rich Goldman expecting $2.3 million in losses during 2H23

Junket investor Rich Goldman Holdings Limited is expecting to report approximately HK$18 million ($2.3 million) in losses for the second half of 2023.

Delta Corp parent company acquired for $9.6 mln

Listed gaming and hospitality company Delta Corp Limited has unveiled a plan to divest its holding in its wholly-owned subsidiary Caravella Entertainment Private Limited, which holds an 89.28 percent stake in Deltin Nepal Private Limited.

DigiPlus selected for inclusion in FTSE Global Equity Index

DigiPlus Interactive Corp, a Philippine retail gaming provider, has been included in the Financial Times Stock Exchange (FTSE) Global Equity Index Series Asia Pacific Ex Japan, China, in the Micro Cap Category, as announced in its March 2024 semi-annual review.

Ponte 16’s revamp to cost over $12.8 million 

Ponte 16’s operator, Success Universe Group, reveals that it has allocated HK$100 million ($12.8 million) for revamping its hotel facilities.

TOP AUTHORS