The operator of Macau’s Ponte 16 casino, Success Universe, saw a HK$287.07 million ($36.57 million) loss for 2022, dragged down by a HK$42.1 million ($5.36 million) loss from the group’s share in Ponte 16’s operations.

The LET Group has announced that it was successful in significantly lowering its loss for the year, totaling just HK$138.4 million ($17.63 million) compared to HK$258.3 million ($32.9 million) in 2021. It says it now plans to focus its efforts on the Philippines.

Ratings agency Fitch has affirmed its Hong Kong outlook at ‘AA-‘, with a stable outlook, estimating that the SAR’s economy will rebound by 4 percent this year.

Pachinko parlor operator Okura Holdings has announced that it will be placing an additional HK$20 million ($2.55 million) in shares on the market in order to purchase more pachinko and pachislot machines and renovate its current pachinko halls.

South Korean gaming operator Shin Hwa World has announced that it was successful in narrowing its loss for last year, registering a HK$216.91 million ($27.63 million) loss, as compared to a HK$1.05 billion ($134.4 million) loss in 2021.

Wynn Macau’s mass gross gaming revenue (GGR) is likely to grow up to 10 percent from 2019 levels in 2024, says Deutsche Bank, equating to growth from $2.72 billion to $2.99 billion.

Sands China’s President and Executive Director has noted that Macau will need to increase its hotel room supply in order to fully leverage its MICE capabilities and work towards a non-gaming mix similar to that of Las Vegas.

Philippine gaming regulator PAGCOR has reiterated his position to keep the country’s POGO (Philippine Offshore Gaming Operators) industry, while also pledging to clean up the sector, even as the chair of the Senate Committee of Ways and Means aims to take it down.

Hong Kong Stock Exchange-listed Summit Ascent has announced a 50 percent increase in revenue for 2022, topping HK$372.3 million ($47.43 million), ‘predominantly attributable to the local Russian mass table and electronic gaming businesses’.

MGM China has announced that it deems the ‘possibility to recover’ losses linked to its litigation against now-defunct junket operator Suncity is ‘remote’.