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AGEM Index with notable 50.33 pts increase in September
The AGEM Index experienced a notable increase of 50.33 points in September 2024, reaching 1,552, marking a 3.4 percent rise compared to the previous month and an impressive 47.1 percent surge, or 496.89 points, from the same period last year.
Commission awaits senate confirmation for revocation proceedings against Imperial Pacific
The Commonwealth Casino Commission (CCC) is poised to advance with revocation proceedings against Imperial Pacific International (CNMI) LLC, pending Senate confirmation of Thomas A. Manglona’s nomination.
Sanum Investments raises alarm over Laos court dismissal of international arbitration
Sanum Investments Limited, a Macau-based firm, has raised serious concerns regarding the actions of the Lao courts, alleging they are operating under unlawful pressure.
Light & Wonder to convert “Dragon Train” in compliance with injunction
Gaming equipment and services group Light & Wonder is diligently working with customers In the United States to convert approximately 2,200 units of the "Dragon Train" game in compliance with a recent judge's order.
Robinsons plans $177M investment in Philippines for new luxury hotels
Robinsons Hotels and Resorts (RHR), a division of Robinsons Land Corporation (RLC), has announced an investment of over PHP10 billion ($177 million) to expand its hotel portfolio across the Philippines.
Macau raises Golden Week tourist projection amid positive data
Although the Golden Week in mainland China is not yet halfway through, the Macao Government Tourism Office (MGTO) has concluded that visitor arrivals during Macau’s National Day Golden Week would exceed expectations.
Macau allocates land for airport expansion to up passenger capacity to 15M
Macau authorities have designated approximately 3.25 million square metres for the expansion of the Macau International Airport, aiming to enhance its annual passenger capacity to 15 million.
MGM China market share declines in 3Q24, GGR below expectations: Deutsche Bank
Macau gaming operator MGM China's market share dropped during the third quarter of 2024, with the company's performance falling short of expectations, according to Deutsche Bank.
Macau gaming stocks surged following China’s aggressive stimulus package: CBRE
In a significant market rebound, shares of Macau’s gaming operators surged an average of 23.7 percent over the past week, following the announcement of China's most comprehensive stimulus package since the pandemic began, CBRE analyst commented in a recent dispatch.
Korean Gov’t urged to establish gambling regulatory body for IRs: Report
Tourism experts are advocating for South Korea to create a regulatory organization to oversee the gambling sector and ensure the sustainable growth of integrated...
Thailand and UAE IRs could add $3-5B in GRR annually each: MS
Morgan Stanley notes that Thailand and the UAE's gaming sectors could significantly enhance global gross gaming revenue (GGR), with estimates suggesting that both could contribute between $3 billion and $5 billion in GGR each.