Friday, March 1, 2024

Danny Too

Avatar photo


RGB International turns to loss in 4Q23, as segment revenues fall

Malaysian gaming equipment supplier RGB International saw a drop in revenue and a significant loss for the fourth quarter of 2023, according to the group’s most recent financials.

Macau’s GDP grows 80.5% in 2023, driven by tourism and gaming

Macau’s GDP experienced a remarkable 80.5 percent year-on-year rebound last year, propelled by the flourishing tourism and gaming sectors.

Premium Leisure Corp. sees 50% increase in gaming revenue last year 

Philippines-headquartered integrated resort, casino, and lottery company Premium Leisure Corp. (PLC) has recorded an impressive growth in 2023.

Macau’s February GGR reaches $2.29B, down 4.4% from January 

Macau's gross gaming revenue (GGR) amounted to MOP18.5 billion ($2.29 billion) in February, reflecting a 4.4 percent decrease from January's MOP19.3 billion ($2.4 billion) and a 5.2 percent decline compared to the October high of MOP19.5 billion ($2.41 billion).

Take down gambling ads, Indonesia tells X

Indonesia’s Ministry of Communication and Information Technology has summoned representatives of social media platform X to discuss stricter measures against illegal gambling ads.

Indian authorities freeze $15 million linked to Chinese betting apps

Authorities in India have frozen INR123 crore ($15 million) and conducted searches in ten locations during a crackdown on Chinese controlled betting and loan apps.

Ainsworth ends 2023 with $5.8 mln in net losses

Australian gaming machine manufacturer Ainsworth Game Technology, reported a net loss after tax of AU$9.0 million ($5.8 million) for full-year 2023, compared to the net profit after tax of AU$10.2 million in the prior year.

Galaxy market share declined in Q4 2023 compared to pre-pandemic period – CBRE

CBRE analysts point out in a recent report that Galaxy Entertainment Group (GEG) market share in the Macau SAR gaming and hospitality sector experienced a decline in the fourth quarter of 2023 compared to the same period in 2019.

The Star sees $5.9M in profit for fiscal half-year, amongst inquiry woes

Australian gaming group The Star Entertainment has announced that it achieved some AU$9.1 million ($5.9 million) in profit after tax for its fiscal half year, amongst a “challenging regulatory environment”.

Casino operator Donaco reports surge in profits for first half of FY24

Casino operator Donaco International has reported a significant turnaround in its fiscal first-half net profit after tax, marking a notable improvement from the prior-year period.

Basketball player Kai Sotto is the new 1xBet ambassador in Asia

Global betting company 1xBet is pleased to announce the start of a partnership with talented basketball player Kai Sotto. Now, the young Filipino will represent the 1xBet brand in his homeland, as well as in Japan, China, Indonesia, Thailand, and other Asian region countries.

Macau legislative assembly approves draft bill to counter illegal gambling

The Macau Legislative Assembly this Wednesday approved the first reading of new legislation against illegal gaming.

Rebound in customer traffic helps Okura Holdings profit in 2H23

Pachinko operator Okura Holdings reported a significant increase in profit before income tax, rising approximately JPY929 million ($6.1 million) in the second half of 2023, a 569.9 percent bump from the same period in the previous year.

Casino closures only partial and temporary: Genting Highlands

Genting Bhd's Resorts World Genting has clarified that only some sections of two out of its three casinos will be closed temporary for renovation purposes.

Sands China CEO Grant Chum: $1.4 billion towards Londoner Phase 2 and Arena revamp

Sands China is doubling down on its non-gaming investments, with newly elevated Grant Chum – the group’s President and CEO – saying it will lay-out some $1.4 billion on Londoner Phase 2 and the revamp of its Cotai Arena.

Light & Wonder profit up 220% in 4Q23, growth across all business segments

Gaming giant Light & Wonder has announced that the group saw a 220 percent increase in profits during the fourth quarter of 2023, topping $67 million, as revenue rose by 13 percent to $770 million.

Manila airport to increase aircraft movement

The government aims to increase aircraft movements at the Ninoy Aquino International Airport (NAIA) to 48 per hour from the current 41.

PAGCOR requests approval for employee wage increase

The Philippine Amusement and Gaming Corporation (PAGCOR) has sought approval to implement salary step increments based on employees’ length of service.

Sri Lanka revises new casino license fees

Sri Lanka's Ministry of Finance has announced revised fees for obtaining and renewing casino licenses, following the submission of ten casino applications, the country's media reported.

Hong Kong Jockey Club asks gov’t for more betting options to be allowed

The Hong Kong Jockey Club (HKJC) has proposed to the SAR government that it should be allowed to introduce new betting options in its operations to counteract the rise of illegal bookmakers.