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Genting Singapore reports sharp decline in net profit for 3Q24, citing slow recovery

Genting Singapore, the operator of Resorts World Sentosa (RWS) in Singapore, reported a net profit after tax of $59.8 million for the third quarter of FY2024, ending September 30th.

Macau predicts 400k visitors during four-day Grand Prix

Macau's tourism authorities predict that the four-day Macau Grand Prix will attract over 400,000 visitor arrivals, with hotel occupancy rates expected to exceed 90 percent during the event.

Delta Corp sees 24.4% Y-o-Y drop in revenue during 3Q24

Indian casino operator Delta Corp has experienced a sharp decline in revenue and net profits during the third quarter of 2024 compared to the same period last year, primarily due to a slowdown in gaming operations.

Casinos a significant boost for Thailand’s tourism – Agoda CEO

Thailand's steps towards legalizing gambling will greatly enhance foreign tourist arrivals, according to Omri Morgenshtern, CEO of Agoda, an Asia-focused online travel agency.

Galaxy Entertainment revenue up 11% YoY to $1.38B in 3Q24

Galaxy Entertainment Group (GEG) reported strong financial performance for the third quarter of 2024, with an 11 percent year-on-year increase in group revenue to $1.38 billion.

Macau operators and authorities strategize on new Law on Illegal Gambling

The Judiciary Police convened with the Gaming Inspection and Coordination Bureau (DICJ) and representatives from six gaming companies to discuss the implementation of the new "Law on Illegal Gambling Activities," aimed at comprehensively addressing gambling-related criminal activities.

Senator calls for unified action against POGO-linked crimes

Philippines' Senator Sherwin Gatchalian urged various government agencies involved in combating Philippine Offshore Gaming Operators (POGOs) and associated criminal activities to enhance their coordination.

Melco confident in revamped marketing strategy despite no share gains

Macau gaming operator Melco Resorts’s management has expressed confidence in its current marketing strategy, despite it not yet resulting in a market share gain.

Ponte 16 takes a step closer to starting Floating Casino construction

To align with the revitalization project for Inner Harbor Pier No. 16, the government has approved a modification to the land grant for Ponte 16, which is now set to move closer to the construction of the Floating Casino.

LET Group faces setback as two executives resign again

LET Group Holdings is facing challenges after two independent non-executive directors resigned, resulting in non-compliance with Hong Kong Stock Exchange (HKEX) rules.