Monday, April 15, 2024



Summit Ascent issues update on Tigre de Cristal and trading suspension

Summit Ascent Holdings has released a quarterly update regarding its business operations and the status of the HKEX trading suspension.

Macau’s Tourist Price Index up 4.7% in 1Q24 driven by hotel room rates

Macau’s Tourist Price Index (TPI) for the first quarter of 2024 increased by 4.68 percent year-on-year to 144.68, according to information from the Statistics and Census Service (DSEC).

Macau’s new gaming credit law approved, effective August 1st

The Legislative Assembly of Macau has unanimously approved fresh gaming credit legislation set to take effect on August 1st of this year.

Macau illegal gambling law imposes fines for gambling in public places

Macau's new illegal gambling bill aims to impose fines for gambling activities in parks and other public places.

Non-gaming offerings to shield Genting from possible reduction in Chinese gamblers – Board of Directors

In a response to shareholders questions ahead of its board meeting, Genting Singapore stated that the improvement in Chinese arrivals is expected to contribute positively to its performance and touted future non-gaming offerings as a response to the warning issued by Chinese authorities for the country's citizens to avoid gaming in the city-state.

The Star records net loss of $4.4M due to absence of high-end players

Australia’s Star Entertainment Group faced another setback as it disclosed a net loss of AU$6.8 million ($4.4 million) in the first quarter of 2024, attributed to the ongoing absence of high-end players.

India supreme court suspends money laundering case against lottery businessman Santiago Martin

The Indian Supreme Court has temporarily halted the trial proceedings in a money laundering case against lottery tycoon Santiago Martin under the Prevention of Money Laundering Act (PMLA)

SJM and MGM to outperform in 1Q24 – CITI

Brokerage firm Citi forecasts that SJM Holdings and MGM China are likely to emerge as the operational outperformers for the first quarter of 2024 in Macau's gaming industry, underlining, especially, MGM's advantage in the use of radio frequency identification (RFID) technology in gaming tables.

Philippines receives 1.6M international tourists in 1Q24, Chinese arrivals surge 150% 

The Philippines' tourism market continues its positive momentum. In the first quarter of the year, the country received nearly 1.6 million international visitors, marking a 21.3 percent increase compared to 1Q23.

Imperial Pacific agrees with $24M settlement in 2024

Commonwealth Casino Commission (CCC) executive director Andrew Yeom revealed under the draft stipulation agreement, Imperial Pacific International (IPI) will pay a total of $24 million in 2024.