Wednesday, June 26, 2024
TAGResorts World New York

LATEST ARTICLES

LATEST NEWS

Dowinn extends temporary cessation to secure ‘necessary funding’

Dowinn Group, a leading junket operator in the Philippines, officially confirmed the postponement of its reopening until July 19th via a statement sent to AGB.

Promising outlook for Macau gaming and SJM amid China concerns: CBRE

Despite concerns of China's macroeconomic outlook, CBRE Research has expressed optimism about the prospects for Macau's gaming market and SJM Holdings.

Macau GGR weakens due to seasonality and Euro 2024

Macau's gaming performance in June has been affected by softer seasonality and likely the football tournament in Europe, according to UBS in its latest market check memo.

Jeju Dream Tower management could face charges for fire safety regulations

Five officials from Jeju Dream Tower resort may face charges for violating fire safety regulations following an incident earlier this month.

POGO mayor Alice Guo faces new charges

Additional charges are expected to be brought against Alice Guo, who stands accused of facilitating illegal Philippine Offshore Gaming Operations (POGO) hubs, as disclosed by the Presidential Anti-Organized Crime Commission (PAOCC) .

Indonesian authorities collaborating with Interpol in online gambling crackdown

The Indonesian National Police are collaborating with Interpol to crack down on the growing problem of online gambling in the country.

Emperor Ent. confident in Macau gaming market after strong results

Emperor Entertainment has reported a remarkable financial turnaround for the financial year ended March 31st, with the company’s total revenue surging by 171 percent to $101 million.

The Star’s premium customer revenue declines continue, lowering 4Q24 expectations

Embattled Australian gaming operator The Star has announced that it’s expecting lower sequential revenue in the fourth quarter of its financial year (ending June 30th), as revenue from its premium customers declines, expenses from remediation efforts mount and the over economic environment continues to lag.

Moody’s gives positive outlook on Asia gaming operators due to further recovery

Ratings agency Moody's has given a positive outlook on gaming operators in Macau and Southeast Asia, citing the growing earnings and cash flow over the next 12-18 months as visitor numbers further improve, boosting revenue.

David Foster resigns as Chairman of The Star

The Star has announced that David Foster has resigned as director of the Board and that current interim Chief Financial Officer Neale O’Connell will be stepping in as acting CEO.