Monday, April 15, 2024



Macau premium mass resilient, Sands regains pole position: Citigroup

According to a recent memo from Citigroup, business trends in the Macau gaming sector appear to be resilient in April, especially leading up to the Labor Day break.

Belle Corp revenue reaches $98.6M in 2023, boosted by gaming units 

Belle Corp’s consolidated revenues improved by 3 percent to PHP 5.6 billion ($98.6 million) in 2023 from the PHP 5.4 billion ($95.4 million) recorded in 2022. These were driven mainly by other gaming-related revenues.

Macau Legend pushes back timing for Laos casino sale

Macau’s Fisherman Wharf operator, Macau Legend Development Ltd, has announced another extension of the timeline for finalizing arrangements related to the planned sale of a casino resort business in Laos. The new deadline is now set for May 3rd.

Macau GDP could rise by 19 percent in 1Q24: Economic Association

The Macau Economic Association (MEA) expects Macau’s GDP to grow by 19 percent in the first quarter of the year, reaching MOP92 billion ($11.4 billion). This figure represents Macau’s economy returning to about 82.8 percent of 2019 levels.

VGCCC fines BlueBet $32K for gambling advertising breaches

Australian bookmaker BlueBet has been fined some AU$50,000 ($32,400) by Victorian state authorities over gambling advertising breaches linked to 43 charges of displaying gambling advertising on or a above a public road.

The Star: public hearings in Bell Two Inquiry have commenced

Beleaguered Australian gaming operator The Star announced on Monday that the public hearings as part of the second Bell Inquiry into its Sydney casino operations were ‘scheduled to commence today’.

Summit Ascent issues update on Tigre de Cristal and trading suspension

Summit Ascent Holdings has released a quarterly update regarding its business operations and the status of the HKEX trading suspension.

Macau’s Tourist Price Index up 4.7% in 1Q24 driven by hotel room rates

Macau’s Tourist Price Index (TPI) for the first quarter of 2024 increased by 4.68 percent year-on-year to 144.68, according to information from the Statistics and Census Service (DSEC).

Macau’s new gaming credit law approved, effective August 1st

The Legislative Assembly of Macau has unanimously approved fresh gaming credit legislation set to take effect on August 1st of this year.

Macau illegal gambling law imposes fines for gambling in public places

Macau's new illegal gambling bill aims to impose fines for gambling activities in parks and other public places.