FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
The six incumbent operators will retain their concessions and will be awarded a 10-year license, the government committee for the gaming concessions public tender announced this morning (Saturday). The
PublicInvest Research said today (Friday) that Genting Malaysia (GenM) could face a "cash drain" in the short term should it secure a gaming concession in Macau. GenM is bidding in the
The Macau Government will possibly announce the preliminary results of the international tender for six gaming concessions at a press conference tomorrow morning (Saturday), which was scheduled by
It has been confirmed that the local government is trying to reduce casino activities to irrelevance or something merely residual through diversification of the economy
Morgan Stanley is expecting the gaming industry’s near-term recovery to remain choppy due to the Covid-19 spikes in Guangdong and mainland China. Despite resumption
The reported MOP100 billion investment from casino-license bidders is considered unsurprising, despite the sector bleeding cash with no certainty on recovery. With the
The investment plans of future gaming concessionaires cumulatively amount to a staggering MOP100 billion amid uncertainties surrounding the city’s full border opening. According to a TDM
Local resort operator Galaxy Entertainment Group (GEG) has recorded a loss of HKD581 million in its adjusted EBITDA for the third quarter of this year.
The effort to legalize sports betting in California ran headlong into a typical challenge for competing ballot measures as each was battered in a torrent of negative advertising that doomed both to spectacular failure in the most expensive ballot race in U.S. history.
MGM China recorded a widened loss during the third quarter of this year as total revenues stood at HKD687 million, compared to HKD1.1 billion in the
The construction of Studio City Phase 2 is progressing on schedule and it is anticipated that the opening will be conducted in stages, beginning in
Brokerage firm Morgan Stanley has amended its forecast for the city’s gaming sector in 2022 to just under MOP44.93 billion. Analysts Praveen Choudhary and
Total expenditure of the gaming sector rose by 15.2% year-on-year to MOP53.48 billion, driven by a 45.4% increase in operating expenses (MOP14.47 billion). The sector
The government conducted another round of negotiations with the seven bidders for the city’s 10-year gaming concessions yesterday. As cited in a TDM report, today’s
Sands China has held several rounds of discussion with the government regarding the current gaming tender deliberation and is expecting a notice on the next development by
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
Australian gaming giant Star Entertainment Group has been fined AUD100 million amidst pressure to reform their operations following reports of money-laundering activities. The
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
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
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
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