Friday, March 1, 2024
TAGMGM Resorts



Premium Leisure Corp. sees 50% increase in gaming revenue last year 

Philippines-headquartered integrated resort, casino, and lottery company Premium Leisure Corp. (PLC) has recorded an impressive growth in 2023.

Macau’s February GGR reaches $2.29B, down 4.4% from January 

Macau's gross gaming revenue (GGR) amounted to MOP18.5 billion ($2.29 billion) in February, reflecting a 4.4 percent decrease from January's MOP19.3 billion ($2.4 billion) and a 5.2 percent decline compared to the October high of MOP19.5 billion ($2.41 billion).

Take down gambling ads, Indonesia tells X

Indonesia’s Ministry of Communication and Information Technology has summoned representatives of social media platform X to discuss stricter measures against illegal gambling ads.

Indian authorities freeze $15 million linked to Chinese betting apps

Authorities in India have frozen INR123 crore ($15 million) and conducted searches in ten locations during a crackdown on Chinese controlled betting and loan apps.

Ainsworth ends 2023 with $5.8 mln in net losses

Australian gaming machine manufacturer Ainsworth Game Technology, reported a net loss after tax of AU$9.0 million ($5.8 million) for full-year 2023, compared to the net profit after tax of AU$10.2 million in the prior year.

Galaxy market share declined in Q4 2023 compared to pre-pandemic period – CBRE

CBRE analysts point out in a recent report that Galaxy Entertainment Group (GEG) market share in the Macau SAR gaming and hospitality sector experienced a decline in the fourth quarter of 2023 compared to the same period in 2019.

The Star sees $5.9M in profit for fiscal half-year, amongst inquiry woes

Australian gaming group The Star Entertainment has announced that it achieved some AU$9.1 million ($5.9 million) in profit after tax for its fiscal half year, amongst a “challenging regulatory environment”.

Casino operator Donaco reports surge in profits for first half of FY24

Casino operator Donaco International has reported a significant turnaround in its fiscal first-half net profit after tax, marking a notable improvement from the prior-year period.

Basketball player Kai Sotto is the new 1xBet ambassador in Asia

Global betting company 1xBet is pleased to announce the start of a partnership with talented basketball player Kai Sotto. Now, the young Filipino will represent the 1xBet brand in his homeland, as well as in Japan, China, Indonesia, Thailand, and other Asian region countries.

Macau legislative assembly approves draft bill to counter illegal gambling

The Macau Legislative Assembly this Wednesday approved the first reading of new legislation against illegal gaming.