Macau's narrow economic base and its high concentration of tourists from China restrain the city's credit rating and have contributed to historically high levels of gross domestic product volatility, Fitch Ratings says.
Macau's tax revenue take from its gambling industry fell by 50 percent in Q1 to MOP9.1 billion ($1.14 billion), according to the Financial Services Bureau.
Las Vegas Sands has launched a multi-million dollar advertising campaign in an effort to convince lawmakers to legalise casinos in Texas.
Landing International said it has appointed Huang Wei as a non-executive director to oversee the group's theme park and hotel operations.
Bloomberry Resorts & Entertainment has pushed back the planned opening of its integrated resort in Quezon city to 2023 due to delays caused by Covid.
Only two out of eight casinos are currently open on Jeju island in South Korea, which saw revenue from its foreigner-only properties drop 60 percent last year.
Fitch Ratings has given a vote of confidence to the recovery in Macau, revising its outlook on the special administrative region to stable from negative.
Macau’s government finally confirmed on Tuesday that the adoption of a digital yuan is on the table in what’s likely to be a gamechanger for the industry and its junket operators.
Nagasaki’s IR licensing bid has now gained something that it never had before—a political patron at the very top of Japan’s government.
Macau's Tourist Price Index fell 15.16 percent year-on-year in the first quarter and was down 2.05 percent from the final quarter of last year, mainly due to a drop in hotel room rates.