Friday, June 14, 2024
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Macau’s new outdoor concert venue next to Grand Lisboa Palace 

The Macau government has selected a site for an outdoor concert venue with a capacity to accommodate 50,000 attendees. This venue is located on a plot next to the Grand Lisboa Palace in the Cotai area.

Aristocrat highlights its latest offerings at G2E Asia

Aristocrat Gaming gives AGB a a rundown of its latest products, including Dragon Link, Bao Zhu Zhao Fu and the very recent Cai Fu Zhong Sheng, which are taking the APAC market by storm.

PAGCOR Chairman: possibility to lower tax rates depending on FY25 results

The Chairman of the Philippine gaming regulator (PAGCOR) says that there is still a possibility for taxation rates to be lowered, potentially for both the online and land-based sectors, depending on how they perform.

Macau casinos stopping free snacks could reduce traffic, minimal GGR impact: MS 

Morgan Stanley notes that Macau casinos ceasing to offer free snacks could reduce foot traffic. However, this measure is expected to have only a small impact on gross gaming revenue (GGR).

Casino closure “off the table” as RWG business surges, says Genting COO

Genting Malaysia Berhad’s President and Chief Operating Officer has assured shareholders that Genting casinos would remain operational due to several key factors.

Queensland’s May gaming revenue tally up 13.8% yearly

The release of Queensland's gaming data for May 2024 revealed a robust performance for gaming venues, with total gross revenue experiencing a 13.8 percent increase from the same month in the previous year.

Credit cards, crypto banned for online gambling in Australia 

In a move to address financial risk and promote responsible gambling, the Australian government has enforced a prohibition on using credit cards and digital currencies for online betting.

Indonesian Minister highlights link between online gambling and money laundering

An Indonesian Minister has has flagged money laundering activities associated with online gambling, identified by the country's Financial Transaction Reports and Analysis Center (PPATK).

Euro 2024 sees 125% surge in Asian bookings:

Sports tourism is soaring from the Asian market for the UEFA Euro 2024, with a corresponding surge in sports betting activity.

New Silkroad sells majority stake in Jeju’s MegaLuck casino to offset losses

New Silkroad Culturaltainment Limited has agreed to sell its stake in the Megaluck casino on Jeju Island, South Korea for about $3.6 million, in order to mitigate its losses.