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Queensland Attorney-General: Chow Tai Fook suitable partner for The Star in Brisbane
The Attorney-General of Queensland has ruled that Chow Tai Fook Enterprises Limited (CTFE) and its associates are suitable to partner with The Star Entertainment Group at its Brisbane casino.
Casino sales in Korea’s GKL and Lotte Tour drop 19.7% in AprilÂ
South Korean foreigner-only gaming operators Grand Korea Leisure Co Ltd (GKL) and Lotte Tour Development experienced a month-on-month sales decrease in April.
Macau Police seize 585 counterfeit chips, 5 arrestedÂ
Macau Judiciary Police uncovered a cross-border criminal syndicate that utilized counterfeit chips in casinos, leading to the arrest of five suspects from mainland China.
Thai gaming market extremely compelling, UAE casino still on the radar: MGM CEO
The cost of doing business in Thailand and the estimated margins make the possible future gaming market very compelling, while the UAE holds potential, notes the CEO and President of MGM Resorts International.
Imperial Pacific needs $150M to complete Garapan IR
Imperial Pacific International (CNMI) LLC's director/general manager Howyo Chi recently revealed that completing the casino/resort building in Garapan will require an estimated $150 million investment from IPI.
South Korea’s Paradise Co sees 59% surge in gaming revenue in April m-o-m
South Korean foreigner-only casino operator Paradise Co. reported a 59 percent surge in casino gaming revenue on a month-to-month basis in April, totaling $61.1 million.
Macau’s May GGR expected to hit $2.5B, Labor Day hotel prices 30% below CNY: brokerages
Investment bank Citigroup anticipates that Macau’s gross gaming revenue (GGR) in May could reach MOP20 billion ($2.49 billion), about 77 percent of 2019 levels.
PAGCOR crackdown on illegal Facebook gambling, 16 arrested
Philippine authorities have arrested 16 individuals linked to an illegal online raffle on Facebook in a joint operation between the Philippine National Police Anti-Cybercrime Group (PNP-ACG) and representatives of the Philippine Amusement and Gaming Corporation (PAGCOR).
Debt reductions on track to improve Melco’s financial stability: CEO
A debt reduction of some $250 million has helped Melco Resorts & Entertainment to mitigate its refinancing risks and bolster the company's financial stability, says the group's CEO Lawrence Ho in its recent conference call.
Philippines aiming to attract more US tourists
The Philippines is setting its sights on drawing approximately 15 percent more inbound visitors from the United States, recognizing the market's significant potential contribution to the country's tourism sector recovery.
MGM China first quarter results outshine pre-COVID era, company continues gaining market share
MGM China has announced its continued resurgence in the first quarter of the year, with record high adjusted EBITDA and market share during the period.