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Macau’s May GGR expected to hit $2.5B, Labor Day hotel prices 30% below CNY: brokerages
Investment bank Citigroup anticipates that Macau’s gross gaming revenue (GGR) in May could reach MOP20 billion ($2.49 billion), about 77 percent of 2019 levels.
PAGCOR crackdown on illegal Facebook gambling, 16 arrested
Philippine authorities have arrested 16 individuals linked to an illegal online raffle on Facebook in a joint operation between the Philippine National Police Anti-Cybercrime Group (PNP-ACG) and representatives of the Philippine Amusement and Gaming Corporation (PAGCOR).
Debt reductions on track to improve Melco’s financial stability: CEO
A debt reduction of some $250 million has helped Melco Resorts & Entertainment to mitigate its refinancing risks and bolster the company's financial stability, says the group's CEO Lawrence Ho in its recent conference call.
Philippines aiming to attract more US tourists
The Philippines is setting its sights on drawing approximately 15 percent more inbound visitors from the United States, recognizing the market's significant potential contribution to the country's tourism sector recovery.
Tokyo, Bangkok, HK and Seoul lead Labor Day travel trends: Trip.com
Trip.com Group, has revealed that Tokyo, Bangkok, Hong Kong, and Seoul are the most sought-after travel destinations during the ongoing Labor Day holiday in mainland China.
Tiger Resort makes initial $5.2M payment for Emerald Bay rescue
PH Resorts Group has obtained an initial "non-refundable" payment of PHP300.1 million ($5.2 million) from Tiger Resort as it moves to relinquish majority ownership of Cebu-based Emerald Bay.
Thailand crackdown on illegal online betting operations
Thailand's move towards a legal gaming environment is being preempted by a crackdown on the illegal gambling market. The country is taking rapid steps, with police aiming to dismantle operations even as legislation moves forward.
Macau’s April GGR reaches $2.29B, down 4.9% m-o-m
Macau’s gross gaming revenue (GGR) amounted to MOP18.5 billion ($2.29 billion) in April, reflecting a 4.9 percent decrease from March’s MOP19.5 billion ($2.42 billion).
City of Dreams Sri Lanka could achieve up to $250M in GGR: Melco Resorts CFO
The recently announced City of Dreams Sri Lanka project could achieve Gross Gaming Revenue (GGR) ranging between $200 million to $250 million on a run-rate basis, the group's management revealed.
Melco launching City of Dreams Sri Lanka, casino to open mid-2025
Melco has been awarded a 20-year casino license to operate City of Dreams Sri Lanka, in the country’s capital of Colombo.
MGM China first quarter results outshine pre-COVID era, company continues gaining market share
MGM China has announced its continued resurgence in the first quarter of the year, with record high adjusted EBITDA and market share during the period.