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Global expansion of illegal horse racing betting platform Citibet a threat to the sport’s integrity: ARF Council
Illegal horse racing betting exchange Citibet has significantly expanded its potential market through technological advancements, enabling its presence on thousands of third-party illegal betting websites worldwide and exacerbating corruption and money laundering risks, a report by the Asian Racing Federation Council (ARF) shows.
Macau hotel occupancy hit 89% during Labor Day holiday
Macau's hotel occupancy rates reached 89.2 percent during the five-day Labor Day holiday, up by 4.5 percentage points year-on-year, according to information from the Macao Government Tourism Office (MGTO).
May could be Macau’s strongest month year-to-date: JefferiesÂ
Jefferies notes that the latest update for Macau gaming industry is ‘positive’ as expectations for May holiday had been low given bad weather, but gross gaming revenue (GGR) indications are ‘strong’ and ‘only slightly below October's Golden Week holiday’.
Premium Leisure moves closer to delisting, public float reduced to 0.45%
Premium Leisure Corp. (PLC), an investor in City of Dreams Manila, is one step closer to delisting from the Philippine Stock Exchange (PSE).
Philippines received nearly 2M international visitors in 4 months, up 17%
The Philippines’ tourism market continues its positive momentum. In the first four months of the year, the country received nearly 2 million international visitors, marking a 17 percent increase compared to the same period last year.
Philippines’ anti-crime body files new charges against Pasay POGO executives
Prosecutors have received testimony from 10 Chinese nationals implicating seven of their compatriots in illicit activities at a Pasay City-based POGO (Philippine Offshore Gaming Operator) firm raided last year.
Philippine Senator pushes for probe into illegal workers in gated communities
Philippine Senator Sherwin Gatchalian has urged for an investigation by the Senate into the growing presence of foreign nationals within exclusive gated communities.
Century Entertainment enters into agreement to operate 7 VIP tables at Dara Sakor
HK listed Century Entertainment has announced the signing of a new deal that sees the company operate a VIP gaming room at a casino in Dara Sakor, Cambodia.
Seaport: Macau May GGR could reach up to $2.58B – a post-pandemic high
A top analyst is forecasting that Macau’s gross gaming revenue in May could hit its highest monthly tally so far this year, and the highest since the onset of the pandemic, at $2.5 billion, even potentially going as high as $2.58 billion.
Wynn releases new images of Al Marjan IR, plans to open in ‘early 2027’
Wynn Resorts has released new mock-ups of its integrated resort under construction in the United Arab Emirates.
Chinese outbound travel rebound to continue in 2024 but gaming spending could be lower: Research
The post-pandemic resurgence in Chinese outbound travel is expected in 2024, with the most popular destinations in Chinese travel plans in Asia including many countries and cities with developed gaming industries. However, a researcher warns that changing consumer behaviors among Chinese travelers could signify a reduction in gaming spending.
