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Okada Manila sees strong drops in VIP and online GGR, driving down 1Q24 results
Gaming revenue at Okada Manila fell by nearly a quarter in the first three months of the year, as gross gaming revenue from the VIP segment tumbled 42.61 percent year-on-year.
Spot Bitcoin and Ethereum ETFs get regulatory approval in Hong Kong
Hong Kong regulators granted conditional approval for the introduction of exchange-traded funds (ETFs) for spot Bitcoin and Ethereum on Monday.
MGM Resorts sues US Federal Trade Commission over cyber-attack investigation
MGM Resorts is suing the United States Federal Trade Commission (FTC) in efforts, claiming that the regulatory body is overstepping its bounds in its investigation into the cyber-attack on the gaming operator last September.
Melco could resume dividend payments in FY25: Bank of AmericaÂ
The investment unit of Bank of America says that it expects Melco will resume dividend payments from FY25 onwards. This forecast has brought forward the timing compared to the previous expectation of only in FY26.
Macau premium mass resilient, Sands regains pole position: Citigroup
According to a recent memo from Citigroup, business trends in the Macau gaming sector appear to be resilient in April, especially leading up to the Labor Day break.
Belle Corp revenue reaches $98.6M in 2023, boosted by gaming unitsÂ
Belle Corp’s consolidated revenues improved by 3 percent to $98.6 million in 2023 from the $95.4 million recorded in 2022. These were driven mainly by other gaming-related revenues.
Macau Legend pushes back timing for Laos casino sale
Macau’s Fisherman Wharf operator, Macau Legend Development Ltd, has announced another extension of the timeline for finalizing arrangements related to the planned sale of a casino resort business in Laos. The new deadline is now set for May 3rd.
Macau GDP could rise by 19 percent in 1Q24: Economic Association
The Macau Economic Association (MEA) expects Macau’s GDP to grow by 19 percent in the first quarter of the year, reaching MOP92 billion ($11.4 billion). This figure represents Macau’s economy returning to about 82.8 percent of 2019 levels.
VGCCC fines BlueBet $32K for gambling advertising breaches
Australian bookmaker BlueBet has been fined some AU$50,000 ($32,400) by Victorian state authorities over gambling advertising breaches linked to 43 charges of displaying gambling advertising on or a above a public road.
The Star: public hearings in Bell Two Inquiry have commenced
Beleaguered Australian gaming operator The Star announced on Monday that the public hearings as part of the second Bell Inquiry into its Sydney casino operations were ‘scheduled to commence today’.
India gaming sector holds immense potential if regulatory and taxation hurdles are overcome – Consultant
Gaming expert William Bonar has emphasized the potential of India's gaming industry, but warns of regulatory challenges and legal complexities hindering growth. Despite the challenges, the consultant remains optimistic, drawing parallels to Macau’s original potential as seen in the early 2000s.
