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Newport World Resorts with new annual high in GGR for 2023, non-gaming booms
Newport World Resorts achieved a new annual high in gross gaming revenues in 2023, topping $600 million, with double-digit returns in its non-gaming revenue.
Macau top official reiterates Jockey Club land not for gaming
During a plenary session of the Legislative Assembly on Tuesday, Macau's top official, Chief Executive Ho Iat Seng, reiterated that the Macau Jockey Club (MJC) land would not be used for gaming purposes.
Thailand’s casino legalization under scrutiny of various agencies: report
The Thai Cabinet has designated the Finance Ministry as the primary agency responsible for reviewing a report prepared by an ad hoc House committee regarding the potential for establishing entertainment complexes with casinos in the country.
Okada Manila sees strong drops in VIP and online GGR, driving down 1Q24 results
Gaming revenue at Okada Manila fell by nearly a quarter in the first three months of the year, as gross gaming revenue from the VIP segment tumbled 42.61 percent year-on-year.
Spot Bitcoin and Ethereum ETFs get regulatory approval in Hong Kong
Hong Kong regulators granted conditional approval for the introduction of exchange-traded funds (ETFs) for spot Bitcoin and Ethereum on Monday.
MGM Resorts sues US Federal Trade Commission over cyber-attack investigation
MGM Resorts is suing the United States Federal Trade Commission (FTC) in efforts, claiming that the regulatory body is overstepping its bounds in its investigation into the cyber-attack on the gaming operator last September.
Melco could resume dividend payments in FY25: Bank of AmericaÂ
The investment unit of Bank of America says that it expects Melco will resume dividend payments from FY25 onwards. This forecast has brought forward the timing compared to the previous expectation of only in FY26.
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 unitsÂ
Belle Corp’s consolidated revenues improved by 3 percent to $98.6 million in 2023 from the $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.
India gaming sector holds immense potential if regulatory and taxation hurdles are overcome – Consultant
Gaming expert William Bonar has emphasized the potential of India's gaming industry, but warns of regulatory challenges and legal complexities hindering growth. Despite the challenges, the consultant remains optimistic, drawing parallels to Macau’s original potential as seen in the early 2000s.
