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Lower VIP and higher bad debt factors in Genting Singapore’s “disappointing” 3Q24 results – Maybank

Genting Singapore's third-quarter earnings 'fell short of expectations' due to lower VIP gaming volumes and higher bad debts linked to Chinese players, Maybank research pointed out.

Macau non-gaming visitor per-capita spending falls 17% in 9-month period

Non-gaming visitor spending in Macau has seen a notable decline, with per-capita spending dropping by 17 percent from January to September 2024.

Philippines senator raises concerns over loopholes in POGO shutdown order

Philippines Senator Risa Hontiveros warned on Saturday that the recent order from President Ferdinand Marcos Jr. to shut down Philippine Offshore Gaming Operators (POGOs) may have significant loopholes.

Macau visitor arrivals surpass 30M on Sunday

According to the latest data from the Public Security Police, as of noon on Sunday, November 10th, the number of visitors to Macau this year has exceeded 30 million, surpassing last year's total of 28.25 million.

Sportradar profit expands significantly in 3Q24, with strong results across all segments

Global sports technology company Sportradar has further raised its FY24 outlook after seeing a significant increase in profits, driven by strong revenue and adjusted EBITDA rises in the third quarter.

Light & Wonder signs 7-year Platform as a Service deal with SkyCity

Gaming equipment and services provider Light & Wonder has inked a seven-year Platform as a Service (PaaS) systems deal with New Zealand and Australia gaming operator SkyCIty to ‘transform its casino floor and enhance player experience’.

Entain appoints Dafne Guisard as new Chief Operations Officer, effective January

Global sports betting and gaming group Entain has announced the appointment of Dafne Guisard as Chief Operations Officer, effective from January 13th, 2025.

Jumbo Interactive sees lottery revenue fall on ‘subdued jackpot environment’

Australia-based Jumbo Interactive has announced a revenue drop of 8.1 percent during the four months to October 31st, ‘mainly due to the subdued jackpot environment’.

Belle Corp sees gaming share from CoD Manila contract but leasing revenue increase

Belle Corp, the Philippine-listed parent company of Premium Leisure Corp (PLC) saw a 17 percent contraction in its share of gaming revenue from City of Dreams Manila during the first nine months of the year.

Genting Singapore reports sharp decline in net profit for 3Q24, citing slow recovery

Genting Singapore, the operator of Resorts World Sentosa (RWS) in Singapore, reported a net profit after tax of $59.8 million for the third quarter of FY2024, ending September 30th.