Sunday, May 19, 2024

Matthew Ossolinski

Matthew Ossolinski
Matthew Ossolinski is CEO of GW Investment Consulting. The firm provides advisory and business brokering services to integrated resort operators and institutional investors on Hengqin Island. He also manages Macau Gaming Fund III.


“POGO Mayor” story grips attention of the Philippine public

Alice Guo, the mayor of Bamban in Tarlac, Philippines, is currently gripping the headlines in the country due to her alleged involvement in illegal activities.

SkyCity Adelaide agrees to $44.5M penalty proposal with AUSTRAC

SkyCity Adelaide and the Australian Transaction Reports and Analysis Centre (AUSTRAC) have jointly submitted a proposal to the Federal Court of Australia, suggesting a...

Macau Legend completes sale of Savan Legend Resorts in Laos

Macau Legend has completed the sale of its Savan Legend Resorts in Savannakhet, Laos, to Japanese buyer Shundo Yoshinari.

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 the government

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.