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Philippines

Newport World Resorts sees $566M in gaming revenue in 2024 amid 6% decline

Viviana Chan -
The operator of Newport World Resorts has reported a decline of 6 percent in gaming revenue (GGR) for 2024 to $566 million, according to the company's most recent financial results.
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India

Indian state reports seven deaths linked to online betting in one month

Nelson Moura -
In the Indian state of Telangana, seven young individuals have lost their lives in connection with online betting within just a month.
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Macau

Macau hotel rates drop by 14% for May Day compared to Chinese New Year

Viviana Chan -
Morgan Stanley reports Macau hotel prices will fall 14% for May Day, yet tourism officials predict strong arrivals after a successful Easter.
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Singapore

Singapore sees steady visitor arrivals in 1Q25

Nelson Moura -
Singapore’s Ministry of Trade and Industry (MTI) previously announced that they’re expecting the nation’s GDP growth in 2025 to be between 0 and 2 percent.
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Macau

Geopolitical risks to Macau remain secondary to fundamental economic challenges: CBRE

Nelson Moura -
The biggest near-term risk for Macau is more linked to China's economic downturn than any geopolitical risks generated by the US-China trade conflict, CBRE analysts argue.
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Macau

Macau receives over 500k visitors during Easter holiday

Viviana Chan -
Macau saw a marked rise in tourist arrivals over the Easter holiday, topping half a million visitors despite the holiday not being observed in mainland China.
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Thailand

Thai casino bill unlikely to get green light in parliament: report 

Viviana Chan -
Thailand’s casino bill faces major hurdles and is unlikely to pass parliament, despite government efforts, according to reports citing observers.
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United States

MGM Resorts Int’l agrees to $8.5M agreement over AML complaint

Kelsey Wilhelm -
MGM Resorts International has entered into an $8.5 million settlement agreement with the Nevada Gaming Control Board over a disciplinary complaint.
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Thailand

Thai authorities bust $95M online gambling ring

Kelsey Wilhelm -
Authorities in Thailand have arrested six nationals in relation to a major gambling website which had over $95.95 million in circulation.
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Macau

Macau’s failed ultra-luxury hotel The 13 again up for sale

Kelsey Wilhelm -
Michael's ill-fated ultra-luxury hotel The 13 is again up for sale, after a previous attempt to sell the property failed.
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