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Macau to cut government-sponsored subsidies in 2H23

After handing out government subsidies for nearly six months, Macau’s Tourism Office (MGTO) is now considering discontinuing some promotions plans in the second half of this year. 

Chinese central government official urges Macau to “do more” to diversify its economy 

China has returned to set Macau on the path to shedding its reliance on casinos, as China's top official for Macau affairs arrived at Macau on Monday for a fact-finding visit. 

Sands China plans to build a new hotel for MICE: Wilfred Wong

Wilfred Wong, President of Sands China, has announced that the company is in the process of obtaining approval from Macau's government for a plan to construct a hotel that would be exclusively designed for the MICE industry.

PAGCOR cancels accreditation of POGO service provider after detecting illegal activities

The Philippine Amusement and Gaming Corporation (PAGCOR) has canceled the accreditation of offshore gaming customer relations service provider CGC Technologies Inc. (CGC). 

Entertainment City dominates PH GGR in 1Q23, with 80% of market, Bloomberry leading in mass and VIP

Domestic demand will continue to be the ‘main driver of industry growth’ in the Philippines market, according to analysts at Maybank, pointing out that Solaire operator Bloomberry is the market leader, with some 37 percent of mass market share and 35 percent of VIP share in Entertainment City during the first quarter.

Entain gets final approval to take over New Zealand TAB

The UK's Entain Group has announced that it has received final approval to take over control of New Zealand TAB, a major move that is projected to generate hundreds of millions of dollars for horse racing and sport.

Fitch: China’s domestic tourism spending power weaker despite levels exceeding 2019

Fitch Ratings’ analysis has found that Chinese travelers had less per-trip spending during the Labor Day holiday, which the market took as an indication of “weaker consumer confidence and spending power”, as China’s domestic tourism levels outperformed 2019.

Singapore visitor arrivals reached 1.13 million in April

Singapore’s international visitor arrivals reached 1.13 million in April, the second straight month in 2023 with over 1 million visitors and the second time since the COVID outbreak in early 2020.

Galaxy Entertainment’s boss respects Macau gov’t decision to shutter junkets

Lui Che Woo, Chairman of Macau gaming operator Galaxy Entertainment Group (GEG), says that he respects the authorities' decision to effectively shut down all junket room business in the city, as “the business is no longer recommended by local government”. 

India to tax incentives offered by online gaming firms if players withdraw funds

India is going to be taxing incentives offered by online gaming firms to their customers – considering bonuses, referrals and other incentives as part of winnings.