Friday, February 23, 2024
TAGEconomic forecasts



The Star Sydney starts cashless gaming trial

The Star Entertainment Group Limited has officially launched a trial of cashless gaming and carded play at The Star Sydney casino, the company has announced.

Genting Singapore’s net profit tops $456M in 2023, up 80% year-over-year

Genting Singapore has announced a net profit of SG$611.6 million ($456 million) for the fiscal year 2023, which concluded on December 31st, marking an 80 percent increase year-over-year.

Macau casino tycoons features on Forbes’ richest people list

Macau gaming operator Galaxy Entertainment Group's chairman, Lui Che Woo, has emerged as one of the top 10 wealthiest tycoons on Forbes' 2024 list of Hong Kong's 50 Richest

Imperial Pacific International challenges delisting decision

The Saipan casino operator Imperial Pacific International (IPI) has decided to proceed with Judicial Review (JR) Proceedings against the delisting decision made by the...

SkyCity ruled to pay $8.6M in unpaid casino duty

The South Australian Court of Appeal has ordered that SkyCity Entertainment Group pay an additional casino duty of AU$13 million ($8.6 million).

Macau’s gaming industry to continue growth in 2024, operator debt reduction to still take time – Fitch

Fitch Ratings has expressed optimism regarding the outlook of Macau's gaming industry for the year 2024, citing a projected improvement bolstered by a steady recovery in inbound tourism.

SkyCity sees drops in profit and revenue in 1H24, despite uptick in Auckland property

New Zealand and Australian gaming operator SkyCity Entertainment Group has reported a yearly drop in both revenue and net profit for the six-month period ended December 31st, 2023.

Asia Gaming Awards 2024: Recognizing Excellence in the Asian Gaming Industry

The Asia Gaming Awards, hosted by Asia Gaming Brief, is set to once again recognize and celebrate the outstanding achievements in the Asian gaming industry.

Tabcorp half year results show $417.2 million loss

Australian gambling giant Tabcorp has announced a substantial loss of AU$636.8 million ($417.2 million) and a 5 percent revenue decline in its latest half year report.

Malaysia arrests over 200 in Chinese New Year gambling crackdown 

Malaysian police arrest 216 individuals in raids over Chinese New Year period.