Okada arrested in Manila, police shut down illegal online gambling operations

Japanese gaming tycoon Kazuo Okada was arrested by police authorities at Ninoy Aquino International Airport earlier this week, months after his group launched a “violent” takeover of

The Star fined AUD100m over money-laundering activities

Australian gaming giant Star Entertainment Group has been fined AUD100 million amidst pressure to reform their operations following reports of money-laundering activities.  The

NJ casino, sports betting, online revenue up 7% in September

New Jersey’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won nearly $485 million from gamblers

AAEC letter no impact on gov’t decision: JP Morgan

Brokerage JP Morgan Securities (Asia Pacific) has stated that the recent letter sent by Asian American Entertainment Corporation (AAEC) to the city’s gaming commission for casino

Gaming scholar forecasts GGR to only recover to 70% of 2019

Local gross gaming revenue (GGR) will never return to the pre-pandemic levels and, at most, will only recover to 70% of 2019 levels, Professor Zheng Zhonglu, head

Fitch: Gaming recovery far-off amid easing travel restrictions

Macau's gaming sector’s recovery remains far-off despite the recent easing of travel restrictions with mainland China. Visitor numbers to Macau are beginning to recover but

Big six shares on a continuous decline ahead of Beijing’s party congress

The city’s big six shares are in free fall at the Hong Kong Stock Exchange, with Sands China and Wynn Resorts leading the plunge with

Casino stocks plunge as Covid infections rise

Casino shares have been trading lower since Monday following new cases detected in the neighboring region. The downturn follows the National Day Golden Week in

Golden Week casino revenues at MOP1.7b

The city’s casinos are seeing daily average revenues double when compared to the first nine days of September. A note issued by JP Morgan Securities

Daisy Ho acquires 10% stake of SJM from Angela Leong

SJM Resorts managing director Daisy Ho has acquired a 10% stake in the company after assuming Angela Leong’s former role amid management changes – a

Casino woes: September revenues down 50% y-o-y

September has been another bleak month for the city’s casinos as revenues plunged 49.6% year-on-year to MOP2.96 billion, another blow to the sector as China’s

Daisy Ho appointed SJM managing director amid law overhaul

Daisy Ho has been appointed managing director (“administradora-delegada”) of SJM Resorts, S.A., amid the ongoing tender selection process regarding who will be awarded the 10-year

Investment firm predicts mass GGR to reach 40% pre-pandemic levels in Q4

UBS analyst Angus Chan is estimating that the city’s mass gross gaming revenue (GGR) will reach 40% of pre-pandemic levels in the fourth quarter.

Morgan Stanley: Amid group visa hype, recovery only apparent in 2024

Brokerage firm Morgan Stanley observed that the recovery of the local gaming sector may only be seen by 2024, despite the long-awaited announcement of group visa reinstatements.

Casino stocks soar ahead of group visa reinstatement

Gaming shares soared yesterday, the highest surge recorded in six months following a long- awaited announcement that will bring an end to the tourism drought that

CE: Gaming operators know better about tourist arrival outlook

Chief Executive Ho Iat Seng expressed his belief that gambling concessionaires “know better than the government” about the outlook on tourist arrival numbers. His remark

Gaming tender committee to meet with bidders for proposal discussions

The committee for the gaming tender bids is set to meet with the seven companies competing for the six concessions from next week, when competitors present their proposals

Genting ‘prospective rescuer’ if incumbent operator continues to face cash bleed

Genting's bid in the gaming tender may be a way to partner itself to an incumbent gaming operator in financial turmoil, according to a note issued

NJ casino, online, sports betting revenue up 10% in August

New Jersey’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won $470.6 million from

Wynn submits bid for 10-year casino licenses

Gaming operator, Wynn Macau, submitted its tender to the government for a 10-year casino concession yesterday, one day ahead of the deadline. The gaming

WP2Social Auto Publish Powered By : XYZScripts.com
MACAU DAILY TIMES