TAGPraveen Choudary
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Sportradar’s strong 1Q24 revenue causes FY24 forecast upgrade to $1.15B
Sports technology company Sportradar has announced record revenue for the first quarter of the year, hitting $288 million, up by 28 percent yearly, causing the company to up its forecasts for 2024.
Melco’s The House of Dancing Water revamp to be run by Our Legacy Creations
Melco Resorts & Entertainment will partner with Our Legacy Creations (OLC) to revive the City of Dreams 'The House of Dancing Water' show.
160 Chinese involved in offshore gaming deported from the Philippines
In a collaborative effort between Chinese and Philippine law enforcement agencies, more than 160 Chinese citizens engaged in offshore gaming activities in the Philippines have been deported.
Belle Corp completes tender offer, Premium Leisure set for July 9th delisting
Belle Corporation, the parent company of Premium Leisure Corp (PLC), has successfully completed a tender offer for the voluntary delisting of its subsidiary from the Philippine Stock Exchange (PSE).
Galaxy delivers strong 1Q24 with GGR up 59%, reaching $1.23B
Macau gaming operator Galaxy Entertainment Group (GEG) has announced strong financial results for the first quarter of 2024, with gross gaming revenue (GGR) growing by 59 percent year-on-year, $1.23 billion, a 4 percent increase compared to 4Q23.
Thai government considers imposing 5% limit on casino space in entertainment complexes
The Thai government is considering whether to limit gambling areas to no more than 5 percent of the total project space they're located in.
Visa expansions and economic integration propel Macau’s gaming industry: analyst
The recent visa expansions and economic integration initiatives between Macau and mainland China suggest a significant boost for Macau's gaming industry, notes analyst Vitaly Umansky.
SEA emerges as key hub for transnational crime from China: report
Southeast Asia has become a ‘major breeding ground for transnational criminal networks,’ with a significant portion originating from China.
Korea clamps down on gambling businesses exploiting legal loophole
The South Korean government recently announced the implementation of new guidelines to address businesses engaging in what officials call "pseudo-casino operations."
CLSA raises SJM’s 2024 EBITDA forecast by 9.3% following strong 1Q24
CLSA has raised Macau gaming operator SJM’s EBITDA forecast by 9.3 percent for the calendar year of 2024 following the company's strong first-quarter results.
Philippines gaming revenue surges in 1Q24, hits new record high
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that the country's gross gaming revenues (GGR) for the first quarter of the year soared to PHP81.70 billion ($1.42 billion), marking an impressive 18.54 percent increase from the PHP68.92 billion ($1.20 billion) recorded in the same period last year.
