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Levo Chan boosts stake in Macau Legend to over 33%
Levo Chan, CEO of junket promoting firm Tak Chun Group, has increased his stake in Macau Legend Development to 33.19 percent, consolidating his position as the leading shareholder, even as changes are made to the composition of the board.
Wynn Macau increases junket commission to 42.5 percent
Casino operator Wynn Macau has upped its commission rate to junket operators by 2.5 percent, in an attempt to claw back its share of...
Sands China announces bonus, salary increase
Sands China is paying a discretionary bonus and salary increase to its employees, with the former having taken place on January 23, and the...
JCM gaming business boosts FY19 net income
JCM Global posted net income of JPY1.3 billion (US$11.6 million) for the financial year ending March 31, 2019, a 39.5 percent increase from the...
Gaming tax revenue up 1.5% in the first 8 months of 2019
The Macau government raked in MOP76.4 billion (US$9.4 billion) in gaming taxes in the first eight months of 2019, representing an increase of 1.5...
Positive news in Hong Kong raises Macau stocks
Macau casino stocks saw a small increase following an announcement from Hong Kong’s leader that the contentious extradition bill would be withdrawn.
The bill was...
Sands, Galaxy retain top market share in 19H1
Sands China and Galaxy Entertainment Group retained their top position in Macau gaming market share in 19H1, according to analysts at Deutsche Bank.
The note...
Gaming-related crimes rise in 19H1
Police authorities have indicated that gaming-related loan sharking cases increased by 15.2 percent in 19H1, local media reports.
Some 968 cases were reported in the...
Genting Malaysia posts Q2 profit
Analysts were pleasantly surprised by Genting Malaysia’s solid 19Q2 earnings but said the recent acquisition of Empire Resorts will weigh on long-term earnings.
The casino...
Lao official proposes increasing casino levy to 50 percent
Casino operators in Laos may be subject to a 50 percent levy on casino and casino games, should a new law on excise duties...
Life After POGOs – AGB Dossier
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Australian market report: How to adapt to the new normal
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings – Feb 2021 Edition
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Asia Gaming Briefings – Dec 2020 Edition
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
Asia Gaming Briefings – Nov 2020 Edition
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.