AGBrief Editorial
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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
1xBet is global betting partner of Volleyball World
The betting brand 1xBet has signed a sponsorship agreement with Volleyball World, an organization dedicated to promoting volleyball worldwide. The partnership is designed for 5 years and covers the following championships:
The Star’s Queensland license suspension extended to December 20th
The Star Entertainment Group has indicated that the government of Queensland has approved an extension of its license suspensions for both The Star Gold Coast and Treasury Brisbane casinos from May 31st until December 20th.
Sands Macau commemorates 20th anniversary
Sands Macau has celebrated its 20th anniversary, marking what the company calls a ‘period of monumental growth for Sands China and Macau’.
Mohegan INSPIRE to show positive EBITDA results already in 2024: CBRE
Analysts with CBRE are forecasting that Mohegan's INSPIRE integrated resort could see EBITDA turn positive in 2024, and reach $150 million by 2027.
Son of NagaCorp’s late founder to leave executive positions
Hong Kong-listed NagaCorp has announced that Chen Cherchi, one of the sons of the group's late founder Chen Lip Keong, will stop serving as Chief Executive Officer - Finance and Treasury, and in any other executive position in the group, effective from May 16th.
Ainsworth announces departure of Chief Technology Officer
Australian gaming machine manufacturer Ainsworth Game Technology Limited (AGT) has disclosed the departure of its Chief Technology Officer (CTO), David Bollesen.
Macau Jockey Club land officially reverts to gov’t
The Macau Government has officially recovered the 363,192-square meter land plot used by the Macau Jockey Club, shortly after the exploration concession reached its newly set termination deadline.
Double-digit drops in VIP GGR cause strong fall in income for Newport World Resorts
Newport World Resorts has a yearly drop in gross gaming revenue of some 16 percent, to PHP7.5 billion, according to the most recent results announced by its parent group.
Sportradar’s strong 1Q24 revenue causes FY24 forecast upgrade to $1.15B
Sports technology company Sportradar has announced record revenue for the first quarter of the year, hitting $288 million, up by 28 percent yearly, causing the company to up its forecasts for 2024.
Melco’s The House of Dancing Water revamp to be supported by Our Legacy Creations
Melco Resorts & Entertainment will partner with Our Legacy Creations (OLC) to revive the City of Dreams 'The House of Dancing Water' show.
Philippines gaming revenue surges in 1Q24, hits new record high
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that the country's gross gaming revenues (GGR) for the first quarter of the year soared to PHP81.70 billion ($1.42 billion), marking an impressive 18.54 percent increase from the PHP68.92 billion ($1.20 billion) recorded in the same period last year.
160 Chinese involved in offshore gaming deported from the Philippines
In a collaborative effort between Chinese and Philippine law enforcement agencies, more than 160 Chinese citizens engaged in offshore gaming activities in the Philippines have been deported.
Belle Corp completes tender offer, Premium Leisure set for July 9th delisting
Belle Corporation, the parent company of Premium Leisure Corp (PLC), has successfully completed a tender offer for the voluntary delisting of its subsidiary from the Philippine Stock Exchange (PSE).
‘Light-touch’ regulation needed to elevate India as a global online gaming hub: Association
A conducive 'light-touch' regulatory environment and robust support mechanisms should be put in place in order to allow India to emerge as a 'global gaming innovation hub', the All India Gaming Federation (AIGF) proposed.
Galaxy delivers strong 1Q24 with GGR up 59%, reaching $1.23B
Macau gaming operator Galaxy Entertainment Group (GEG) has announced strong financial results for the first quarter of 2024, with gross gaming revenue (GGR) growing by 59 percent year-on-year, $1.23 billion, a 4 percent increase compared to 4Q23.
Thai government considers imposing 5% limit on casino space in entertainment complexes
The Thai government is considering whether to limit gambling areas to no more than 5 percent of the total project space they're located in.
Visa expansions and economic integration propel Macau’s gaming industry: analyst
The recent visa expansions and economic integration initiatives between Macau and mainland China suggest a significant boost for Macau's gaming industry, notes analyst Vitaly Umansky.
SEA emerges as key hub for transnational crime from China: report
Southeast Asia has become a ‘major breeding ground for transnational criminal networks,’ with a significant portion originating from China.
Korea clamps down on gambling businesses exploiting legal loophole
The South Korean government recently announced the implementation of new guidelines to address businesses engaging in what officials call "pseudo-casino operations."
CLSA raises SJM’s 2024 EBITDA forecast by 9.3% following strong 1Q24
CLSA has raised Macau gaming operator SJM’s EBITDA forecast by 9.3 percent for the calendar year of 2024 following the company's strong first-quarter results.
TOP AUTHORS
Entain taking long-term view by only focusing on regulated markets
If Asian gaming jurisdictions up their game and prove to be highly regulated markets, Entain would be happy to move back into those markets it had stepped away from. Michael Charlton, Asia Pacific Director for Entain, notes that the Philippines is serving as a good example of an improved regulatory framework that’s not stifling innovation.
