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Chinese Embassy endorses Philippines in addressing the ‘root causes’ of POGOÂ
The Embassy of China in the Philippines, on Thursday, has issued a statement emphasizing its support for the Philippine Government in addressing the 'root causes' of issues stemming from the offshore gambling industry.
Macau received 585k of foreign visitors in 1Q, reaching 68% of 2019 levels
Macau is still working on bringing more international visitors due to the lag behind recovery pace. In the first quarter of the year, the city received 585,000 international visitors out of a total of 8.9 million visitor arrivals.
PAGCOR appoints lawyer Wilma Eisma as new President and COO
The Philippine Amusement and Gaming Corporation (PAGCOR) has announced the appointment of lawyer Wilma Eisma as the new President and Chief Operating Officer (COO), making her the first woman to hold the position of President and COO.
MGTO anticipates 130k visitors daily during Labor Day holiday
Helena de Senna Fernandes, Head of the Macao Government Tourism Office (MGTO), projects that Macau may receive an average of 150,000 inbound tourists per day during the Labor Day Golden Week. The projection surpasses the numbers seen during the Cheng Ming and Easter holidays.
Supreme Court decision to determine fate of India’s online gaming – Lawyers
A supreme court decision over gaming taxation will hold significant implications for an industry grappling with regulatory uncertainties and divergent tax rulings across the country, legal analysts considered.
Sands China sees massive EBITDA increase as 1Q24 shines
Sands China has reported a 53.3 percent increase in adjusted property EBITDA for its Macau operations in the first quarter, while Marina Bay Sands was also up by over 50 percent during the period.
Entain records good progress, increase in active customers
Gambling giant Entain has surprised analysts with its resilience in the face of challenging market conditions.
Macau 1Q mass GGR at 112% of 1Q19 levels
In Q1, Macau Gross Gaming Revenue (GGR) experienced a 6 percent quarter-on-quarter growth, reaching MOP57 billion ($7.06 billion), equivalent to 75 percent of pre-COVID-19 levels.
Crown Melbourne unveils first new venue as part of redevelopment
Crown has revealed the latest addition to its redevelopment plans with the introduction of ‘The Henley at Crown Melbourne,’ an upmarket bar set to open later this year.
Macau operators acknowledge ‘intensifying competition’ but deem it ‘manageable’
The gaming operators Galaxy Entertainment and MGM China consider that the industry’s competition is 'intensifying' but remains ‘manageable.'
Banning junkets from insuring credit aligns with public policy: expert
The Legislative Assembly of Macau's approval of gaming credit legislation, which prohibits junkets from extending gaming credit, is viewed as a significant step towards aligning with public policy in China and Macau.