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LATEST NEWS
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.
SEA emerges as key hub for transnational crime from China: report
Southeast Asia has become a ‘major breeding ground for transnational criminal networks,’ with a significant portion originating from China.
Korea clamps down on gambling businesses exploiting legal loophole
The South Korean government recently announced the implementation of new guidelines to address businesses engaging in what officials call "pseudo-casino operations."
CLSA raises SJM’s 2024 EBITDA forecast by 9.3% following strong 1Q24
CLSA has raised Macau gaming operator SJM’s EBITDA forecast by 9.3 percent for the calendar year of 2024 following the company's strong first-quarter results.
Queensland’s April gaming tally up 8.6% yearly
Gaming gross revenue in Australia's state of Queensland's club and pub markets increased by 8.6 percent in April compared to the same month last year but decreased by 2.8 percent compared to March.
Melco Resorts and Trip.com Group design one-stop ultra-luxury package for influencers
Melco Resorts & Entertainment and Trip.com Group recently collaborated to host a lavish three-day, two-night trip in Macau for a select group of artists and influencers from Mainland China and Hong Kong.
China expands Individual Travel Scheme visa for HK/Macau to 8 mainland cities
The Chinese government has announced the inclusion of eight mainland cities into the facilitated individual travel (FIT) scheme for visits to Hong Kong and Macau, with the new measures set to take effect from May 27, 2024.
Genting Singapore: ‘robust growth’ in 1Q24, revenue tops $580M
Genting Singapore experienced 'robust growth' in the first quarter of 2024, delivering revenue of $580 million and adjusted EBITDA of $273 million.
Macau’s gaming tax revenue reaches $3.7B for January-April period
The Macau government gathered nearly $3.71 billion in fiscal revenue from gaming taxes during the initial four months of 2024, according to the latest data unveiled by the city's Financial Services Bureau on Thursday.
Sega Sammy set to sell Seagaia Resort to US-based Fortress: Report
Sega Sammy Holdings is set to sell its Phoenix Seagaia Resort in Japan to U.S.-based Fortress Investment Group, redirecting focus towards video games and other sectors, Nikkei Asia has reported.
Suntrust Resort swings to loss in 1Q24 as revenue and income plummet
The controlling shareholder of the Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings (formerly known as Suncity Group Holdings), has announced that its subsidiary recorded a $4.5 million loss in the first quarter of the year.
Seaport: Slow ramp up at Grand Lisboa Palace worrying sign for SJM
SJM Holdings Limited (SJM) first quarter financial results showed slight improvements and met analyst expectations, but the slow ramp-up at Grand Lisboa Palace amidst a robust Macau recovery was worrying for the gaming operator, brokerage Seaport pointed out.
Mohegan hits historic quarterly $461.73M net revenue high
Mohegan, the US-based operator also behind the Incheon Mohegan INSPIRE integrated resort, has announced its highest quarterly net revenue in its history, hitting $461.73 million, up by 13.8 percent yearly.
International Entertainment starts to operate new casino in Manila
International Entertainment Corporation has announced that it has begun operating its casino in Manila as of Thursday, a property previously owned by PAGCOR.
Everi Holdings revenue down by 5.6% to $189.3M in 1Q24
Everi Holdings saw a first-quarter net income of $4.6 million. This occurred amidst a 5.6 percent year-on-year decline in revenue, which amounted to $189.3 million, as per a press release issued on Wednesday.
SJM’s net gaming revenue soars 74.5% to $827M in 1Q24
SJM Holdings recorded a 74.5 percent year-on-year increase in net gaming revenue in the first quarter of 2024, reaching $827 million.
Japanese and Chinese punters drive up Paradise’s revenue in 1Q24
South Korean casino operator, Paradise Co. Ltd, reported a considerable 228 percent quarterly rise in operating profits in the first quarter of 2024, mainly due to the steady increase in play by Japanese and mass markets.
Light & Wonder’s 2025 $1.4B EBITDA target challenging: Deutsche Bank
Deutsche Bank notes that achieving Light & Wonder's 2025 $1.4 billion adjusted EBITDA target will be a challenging task, as their forecast indicates the figure is 'well below' the goals articulated by management.
CDNetworks rapidly expanded in 2023, offering scrubbing service with over 15 Tbps capacity
CDNetworks, the APAC-leading network to deliver edge as a service, today announced it rapidly expanded its global network of scrubbing centers in 2023 to help organizations boost availability, enhance resiliency, and secure the digital experience.
Asia-Pacific gambling market to see average 6% annual growth rate until 2029: research
The APAC gambling market has demonstrated resilience and is expected to register a CAGR exceeding 6 percent during the forecast period from 2024 to 2029, a recent consultancy report estimates.