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AGB WebTeam

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LATEST NEWS

Macau reports 18.8% increase in visitors from Greater Bay Area in 1Q25

Visitors from the Greater Bay Area rose 18.8% year-on-year to 3.58 million in 1Q25, driven by a 50.3% surge from Zhuhai, according to official statistics.

Sri Lanka advances legislation to regulate gambling and offshore betting

Sri Lanka moves to gazette and table the Gambling Sports Regularization draft Bill for Parliament's approval.

Sportradar expects to record at least $23.5M in profits for 1Q25

Sportradar predicts it will record at least $23.5 million in profits for 1Q25.

Macau tourism authorities targeting Middle East tourists

Macau tourism authorities are planning to organize promotional events and roadshows in Middle Eastern cities as part of their efforts to attract more international visitors.

Citigroup slightly raises Macau April GGR projection to $2.28B after resilient Easter

Citigroup has moderately increased Macau April 2025 GGR forecast from $2.24 billion to $2.27 billion thanks to Easter data.

GR8 Tech launches ULTIM8 Sportsbook iFrame: The ultimate solution for operators

ULTIM8 Sportsbook iFrame by GR8 Tech was created to tackle these advanced challenges, enabling operators to differentiate with market-leading content and a customizable front-end while maintaining full control over crucial areas like player engagement and risk management.

Delta Corp gaming revenue drops slightly in 1Q25

Indian casino operator Delta Corp experienced a 2.14 percent yearly drop in revenue during the first quarter of 2025, given a slight drop in casino revenue.

Newport World Resorts sees $566M in gaming revenue in 2024 amid 6% decline

The operator of Newport World Resorts has reported a decline of 6 percent in gaming revenue (GGR) for 2024 to $566 million, according to the company's most recent financial results.

Indian state reports seven deaths linked to online betting in one month

In the Indian state of Telangana, seven young individuals have lost their lives in connection with online betting within just a month.

Macau hotel rates drop by 14% for May Day compared to Chinese New Year

Morgan Stanley reports Macau hotel prices will fall 14% for May Day, yet tourism officials predict strong arrivals after a successful Easter.

Singapore sees steady visitor arrivals in 1Q25

Singapore’s Ministry of Trade and Industry (MTI) previously announced that they’re expecting the nation’s GDP growth in 2025 to be between 0 and 2 percent.

Geopolitical risks to Macau remain secondary to fundamental economic challenges: CBRE

The biggest near-term risk for Macau is more linked to China's economic downturn than any geopolitical risks generated by the US-China trade conflict, CBRE analysts argue.

Macau receives over 500k visitors during Easter holiday

Macau saw a marked rise in tourist arrivals over the Easter holiday, topping half a million visitors despite the holiday not being observed in mainland China.

Thai casino bill unlikely to get green light in parliament: report 

Thailand’s casino bill faces major hurdles and is unlikely to pass parliament, despite government efforts, according to reports citing observers.

MGM Resorts Int’l agrees to $8.5M agreement over AML complaint

MGM Resorts International has entered into an $8.5 million settlement agreement with the Nevada Gaming Control Board over a disciplinary complaint.

Thai authorities bust $95M online gambling ring

Authorities in Thailand have arrested six nationals in relation to a major gambling website which had over $95.95 million in circulation.

Macau’s failed ultra-luxury hotel The 13 again up for sale

Michael's ill-fated ultra-luxury hotel The 13 is again up for sale, after a previous attempt to sell the property failed.

China’s economy grows 5.4% in 1Q25, beating expectations

China's economy has demonstrated resilience, posting a robust 5.4 percent year-on-year growth in its first-quarter Gross Domestic Product (GDP), exceeding the anticipated 5.2 percent.

Singapore to hold general election on May 3rd

Singapore is set to hold its general election on May 3rd, 2025, marking the first electoral test for Prime Minister Lawrence Wong

Mass market revenue reaches 75% of total Macau GGR in 1Q25

In the first quarter of 2025, Macau’s mass-market casino gambling sector reported a gross gaming revenue (GGR) of MOP43.20 billion (US$5.40 billion), about 75 percent of the total

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