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Macau CE touts recovery plan on quarantine-free individual travel visas

The Government had stepped up effort to attract more tourists to visit Macau, in order to support local economic recovery, the CE Ho Iat Seng, told local legislators during a state of play address to the Legislative Assembly on Tuesday.

AGTech reports $14m loss for 2Q22, China lottery sales up

AGTech Holdings Ltd reported a consolidated net loss pegged at HK$110 million ($14 million) for the second quarter of year 2022 which ended on June 30.

Wynn Resorts misses estimate, posts 2Q22 net loss of $13m

Wynn Resorts Ltd reported a consolidated net loss of $13 million in the second quarter of 2022 which ended on June 30 missing estimate by $72 mln.

Australasian Gaming Expo starts today, L&W to showcase its new product line up

Leading cross-platform global game company Light & Wonder will be unveiling new products for the region at this year’s Australasian Gaming Expo (AGE) which opens today at ICC Darling Harbour, Sydney.

Macau GGR dial moves up from baseline in first week of August

For the first six days in the month of August 2022, Macau registered average daily gross gambling revenue (GGR) revenue in tune of MOP36 million ($4.5 million) displaying a growth of 26 percent on week-on-week basis, from MOP28 million ($3.5 million) during July 25-31.

Worst case scenario, The Star may lose A$270 mln to Crown Casinos: J.P. Morgan

Freshly opened Crown Sydney is expected to entice a significant slice of incumbent The Star's Premium Mass players to move down the harbor, representing a potential worst-case loss of A$270 million, J.P. Morgan writes.

Despite bleak 2Q22, Bernstein maintains “Outperform” on DraftKings

Despite all negative markers barring the topline growth as reported in the second quarter of 2022, brokerage firm Bernstein maintains an “Outperform” tag for DraftKings, fantasy online sports betting major in the US.

Solaire’s, Bloomberry Resort posts solid $33 million net profits in 2Q22

Riding a robust topline post COVID19 pandemic, Solaire's Bloombery Resorts Corp reported a consolidated net profit in tune of P1.81 billion ($33 million) in the second quarter of 2022.

MGM Resorts to chop 50 percent of the projected capex for Asian markets

Following the severe downfall in 2Q22 MGM Resorts International is chopping its capex plans for China and cautiously continue with Asia market plans including Macau, Japan and UAE.

Grand Korea Leisure, Paradise post massive recovery for 2Q22

Easing of travel restrictions lead to strong recovery from operators Grand Korea Leisure, Paradise in 2Q22.

UPCOMING EVENTS

UPCOMING EVENTS