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Danny Too

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LATEST NEWS

Macau

House of Dancing Water and de-leveraging potential position Melco to outperform: MS

Viviana Chan -
Melco’s House of Dancing Water relaunch, Studio City ramp-up, and balance sheet strength drive bullish outlook from Morgan Stanley.
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Hong Kong

Lawrence Ho’s Black Spade Capital invests in real estate group IFCX

Nelson Moura -
Black Spade Capital, the family office of Macau casino operator Melco Resorts & Entertainment’s chairman Lawrence Ho Yau-lung has invested in IFCX, an international real estate brokerage holding company based in Asia.
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Thailand

Thailand Deputy Minister backs casino development amid concerns of “grey” economy

Nelson Moura -
Thailand's Deputy Finance Minister has strongly defended the government's plan to create integrated entertainment complexes, addressing fears that this initiative might associate the nation with a "grey" economy.
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Hong Kong

Hong Kong completes public hearing on legalizing basketball betting

Viviana Chan -
Legal basketball betting under review in Hong Kong after hearing ends; nearly half of illegal bettors would switch to legal options.
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South Korea

Kangwon Land gains approval to triple betting limits on Blackjack, Hold’em tables

Viviana Chan -
South Korea’s Kangwon Land gains approval to raise betting caps on Blackjack and Poker, part of a strategy to draw high-stakes local gamblers.
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Europe

Premier League betting brands in limbo after TGP Europe exit

Frank Schuengel -
A major Isle of Man-based white label provider has pulled out of the UK gambling market, leaving a trail of questions for several high-profile betting brands and their Premier League partners.
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United States

Light & Wonder completes billion-dollar acquisition of Grover Gaming’s charitable gaming

AGBrief Editorial -
Gaming equipment and services group Light & Wonder announced on Monday that it had completed its acquisition of Grover Gaming’s charitable gaming assets.
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United States

Wynn Resorts abandons bid for casino license in New York

AGBrief Editorial -
Wynn Resorts, the parent company of Wynn Macau, has announced that it is abandoning its plans for a casino license in the US state of New York.
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Philippines

PAGCOR calls for stronger partnerships to address gambling addiction

Nelson Moura -
PAGCOR urged for enhanced collaboration among stakeholders in the gaming industry to combat the risks associated with problem gambling and addiction.
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Macau

Melco on track to accelerate de-leveraging amid stronger EBITDA: CBRE

Viviana Chan -
Strong EBITDA growth and strategic capital actions put Melco Resorts on track to speed up debt reduction in 2025, CBRE reports.
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Macau

Macau GGR reaches $1.58B in 18 days of May: Citigroup 

Viviana Chan -
Macau’s GGR reached $1.58B in 18 days, with May on pace to be 2025’s top month, aided by a robust Golden Week and concert-driven tourism.
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Philippines

PH Senator pushes for permanent POGO ban in final senate weeks

Viviana Chan -
Senator Gatchalian pushes for a permanent POGO ban before Congress ends, citing crime links and the need to codify the executive order into law.
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Philippines

PAGCOR warns of fake gaming certifications allegedly linked to Lucky 7 Bingo Corp.

Kelsey Wilhelm -
The Philippine Amusement and Gaming Corporation (PAGCOR) has warned of fake gaming certifications allegedly linked to a company that legitimately operates as a licensed e-Games venue.
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Philippines

Newport World Resorts sees GGR rise to $141M in 1Q25

Kelsey Wilhelm -
Newport World Resorts, operated by the Travellers group, saw a strong start to 2025, with gross gaming revenues increasing by 6 percent yearly to PHP7.9 billion ($141.6 million).
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Philippines

PH Resorts clarifies license revocation in Clark distinct from Cebu project

Kelsey Wilhelm -
PH Resorts, behind the stalled Emerald Bay project in Cebu (now up for sale), says that the revocation of a provisional license in Clark by the gaming regulator is not linked to its Cebu project.
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Philippines

DOJ pursues Interpol arrest for Harry Roque and Cassandra Ong amid human trafficking charges

Nelson Moura -
The Philippines Department of Justice (DOJ) has announced potential actions against former presidential spokesperson Harry Roque and Cassandra Ong following the issuance of arrest warrants by a Pampanga court.
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Macau

Macau GDP falls 1.3% in 1Q25 amid shifting tourism landscape

Viviana Chan -
Macau's 1Q25 GDP fell 1.3% YoY as tourism shifts impacted spending despite rising arrivals.
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Thailand

Thailand government meets Wynn Resorts representatives in entertainment complex talks

Viviana Chan -
Wynn Resorts meets Thai officials to explore integrated entertainment investments amid Thailand’s push for legal resort-based gaming.
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Nepal

Nepal proposes new casino law to restrict foreign investment and ensure compliance

Nelson Moura -
The Nepali government has proposed a new casino law aimed at tightening regulations and reducing foreign investment in the gaming sector.
Read more
Vietnam

The Grand Ho Tram breaks ground

Kelsey Wilhelm -
The Grand Ho Tram has officially broken ground on its new $1 billion complex.
Read more

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