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
Macau hotel occupancy hit 89% during Labor Day holiday
Macau's hotel occupancy rates reached 89.2 percent during the five-day Labor Day holiday, up by 4.5 percentage points year-on-year, according to information from the Macao Government Tourism Office (MGTO).
May could be Macau’s strongest month year-to-date: Jefferies
Jefferies notes that the latest update for Macau gaming industry is ‘positive’ as expectations for May holiday had been low given bad weather, but gross gaming revenue (GGR) indications are ‘strong’ and ‘only slightly below October's Golden Week holiday’.
Premium Leisure moves closer to delisting, public float reduced to 0.45%
Premium Leisure Corp. (PLC), an investor in City of Dreams Manila, is one step closer to delisting from the Philippine Stock Exchange (PSE).
Philippines received nearly 2M international visitors in 4 months, up 17%
The Philippines’ tourism market continues its positive momentum. In the first four months of the year, the country received nearly 2 million international visitors, marking a 17 percent increase compared to the same period last year.
Philippines’ anti-crime body files new charges against Pasay POGO executives
Prosecutors have received testimony from 10 Chinese nationals implicating seven of their compatriots in illicit activities at a Pasay City-based POGO (Philippine Offshore Gaming Operator) firm raided last year.
Philippine Senator pushes for probe into illegal workers in gated communities
Philippine Senator Sherwin Gatchalian has urged for an investigation by the Senate into the growing presence of foreign nationals within exclusive gated communities.
Century Entertainment enters into agreement to operate 7 VIP tables at Dara Sakor
HK listed Century Entertainment has announced the signing of a new deal that sees the company operate a VIP gaming room at a casino in Dara Sakor, Cambodia.
Seaport: Macau May GGR could reach up to $2.58B – a post-pandemic high
A top analyst is forecasting that Macau’s gross gaming revenue in May could hit its highest monthly tally so far this year, and the highest since the onset of the pandemic, at $2.5 billion, even potentially going as high as $2.58 billion.
Wynn releases new images of Al Marjan IR, plans to open in ‘early 2027’
Wynn Resorts has released new mock-ups of its integrated resort under construction in the United Arab Emirates.
Galaxy and Sands China likely most benefited from holiday: Citigroup
According to a recent Labor Day edition of the Premium Mass table survey from Citigroup, Macau gaming operators Galaxy Entertainment and Sands China, with the largest hotel room inventory, 'seem to benefit the most from the holiday crowd.’
Integrating CRM, AML, KYC, RG, through Cashless
A top panel of experts breaks down the importance of being cashless for both the online and land-based gaming sectors.
Macau May GGR could grow 6% m-o-m to $2.45B: CLSA
Brokerage CLSA predicts that Macau's gross gaming revenue (GGR) in May could grow by 6 percent month-on-month, amounting to $2.45 billion.
HK-Macau ferry ops still lagging, TurboJET partners with gaming concessionaires
In a move to return its business to pre-pandemic levels Macau ferry operator TurboJET has announced plans to cooperate with the SAR's six gaming concessionaires.
South Korean underage gamblers getting younger, increasing in numbers
The South Korea National Police Agency (KNPA) is reporting a surge in the number of Korean juveniles apprehended for involvement in illicit gambling activities.
About 604,400 tourists visited Macau during 5-day Labor Day Golden Week
The Labour Day Golden Week concluded on Sunday, with a total of 604,395 tourists reported to have visited the Macau SAR, data published by the city's Public Security Police shows.
LET Group appoints three new directors for auditing purposes
LET Group Holdings Limited announced the appointment of three new independent non-executive directors with auditing and accounting experience, as its Hong Kong trading suspension has been lifted.
Closing date of $235M funding for Westside City project extended by one year
The closing date for a deal to secure funding of up to $235.2 million for a casino hotel project at Westside City in Manila has been postponed by 12 months, now scheduled for April 30th, 2025.
PAGCOR sheds more light on recent raid on illegal online gaming raffle
Philippine gaming regulator PAGCOR has announced further details around the arrest of 10 Chinese nationals and 26 Filipinos in Laguna and Parañaque City, linked to an illegal online raffle.
Philippines GGR to grow 15% this year, driven by domestic mass: Maybank
The Philippines' gross gaming revenue is expected to grow ‘at least 15 percent’ this year, following record-breaking 2023.
G2E Asia returning to Macau “mecca” with IR-centric approach: Reed Exhibitions APAC President
The Global Gaming Expo Asia (G2E Asia) serves as a yearly “mecca”, according to Chien-Ee Yeh, President of Reed Exhibitions Asia Pacific, with the event making an IR-centric return on June 4th-6th.
TOP AUTHORS
Chinese outbound travel rebound to continue in 2024 but gaming spending could be lower: Research
The post-pandemic resurgence in Chinese outbound travel is expected in 2024, with the most popular destinations in Chinese travel plans in Asia including many countries and cities with developed gaming industries. However, a researcher warns that changing consumer behaviors among Chinese travelers could signify a reduction in gaming spending.
