Analysts at Fitch Ratings say that Macau is likely to be one of the most benefited economies in the Asia-Pacific region following China’s reopening.
A former Philippine Senate president has called for the privatization of the nation’s gaming operator and watchdog PAGCOR, to fund the government’s proposed sovereign investment fund, saying the move could generate some PHP300 billion ($5.5 billion).
The provincial government of the Philippine province of Bataan has signed a Memorandum of Understanding (MOU) with blockchain provider NChain to set up a ‘framework for the establishment of a digital platform for the province’ aimed at improving government services.
Macau welcomed some 451,047 tourists during the seven-day Golden Week, starting January 21st, a yearly uptick of 297 percent and a strong impetus for the city’s return to normal after eliminating the majority of its entry requirements on January 8th.
G2E Asia is going to return to Macau for the first time since 2019, with the industry trade show scheduled to take place at the Venetian from July 11th to 13th.
Summit Ascent, the operator of the Tigre de Cristal in Russia’s Vladivostok, has granted a loan to its parent company LET Group Holdings for HK$500 million ($62.02 million).
Macau’s economy is ‘expected to rebound at a double-digit rate for the whole year of 2023,’ according to the SAR’s monetary authority (AMCM).
The Chairman and CEO of Las Vegas Sands says that “we’re certainly looking hard at Thailand”, as the nation’s House of Representatives earlier in January approved a report proposal to set up an entertainment complex (complete with a casino) in the nation.
The head of the Tourism Industry Association of Macau says he predicts that the daily average number of tourists to visit the SAR in the future will stabilize at between 30,000 and 40,000.
Okada Manila operator Universal Entertainment Corp says that the property recorded a 49.6 percent increase in its gross gaming revenue during the fourth quarter of 2022, totaling PHP10.49 billion ($192.68 million).