Monday, May 20, 2024

Nelson Moura

Nelson Moura
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http://agbrief.com
Editor and reporter with 10 years of experience in Greater China, namely Taiwan and Macau, in printed and online media, with a focus on finance, gaming, politics, crime, business and social issues.

LATEST NEWS

Hard Rock-linked consortium interested in The Star takeover, no deal yet reached

The Star Entertainment Group has refuted reports that it had received a takeover bid from US-based Hard Rock, but indicates that other parties have reached out, including a local partner of the operator.

Gaming accounted for about 36% of Macau’s GDP in 2023

Macau Chief Executive Ho Iat Seng announced on Sunday that Macau's gaming industry accounted for 36.2 percent of the Special Administrative Region's (SAR) gross domestic product (GDP) in 2023, a figure aligning with the government's economic diversification targets.

PAGCOR-linked bingo with about $207,500 in prizes announced

The Philippine Amusement and Gaming Corporation (PAGCOR) announced the return of the “Mas Pinasayang Bingo Big Time Milyonaryo” linked bingo games, with a total of PHP12 million ($207,435) in prizes

Genting Chairman: group open to UAE and Thailand IR investments

The Chairman of Genting Group, Lim Kok Thay, says that the company is open to pursuing an integrated resort opportunity in the United Arab Emirates and is awaiting more information to see about whether to bid for an IR development in Thailand.

“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).

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