Location: Asia
China’s Xi swears in new leader of casino hub Macau, telling the city to diversify economy
MACAU (AP) — Chinese President Xi Jinping urged the casino hub of Macau to diversify its economy as he swore in the former Portuguese... more
Macau’s casino boom brings wealth but at a cost 25 years since China’s takeover
MACAU (AP) — When Portugal returned its colony Macau to China in 1999, coffee shop owner Daniel Chao was a first grader living in a... more
Xi visits casino hub Macau to mark 25 years of its return to Chinese rule
MACAO (AP) — Chinese President Xi Jinping on Wednesday began a three-day visit to Macau to mark the 25th anniversary of the casino city’s... more
MGM execs tout 2025 growth in Las Vegas, despite tough comps
MGM Resorts International executives told Wall Street analysts that they expect growth in Las Vegas despite tough comparisons to end 2024... more
Macau revenues accelerate in December, Jefferies analyst says
Casino revenues in Macau are outpacing last summer’s and those in November. But they’re 2.9 percent off Wall Street projections, according... more
Morgan Stanley: Online gaming now the Philippines’ largest gaming tax contributor
The Philippines’ growing domestic online gaming industry is now the country’s largest gaming tax contributor, with regulator PAGCOR having... more
Uzbekistan approves licensing rules for online gambling and lotteries
The Cabinet of Ministers of Uzbekistan has approved detailed requirements and conditions for obtaining licenses to organize online... more
Studio City further reduces debt with latest $37.6 million notes repurchase
Studio City Finance Ltd, the operating entity of Melco Resorts & Entertainment’s Studio City integrated resort in Macau, said Thursday... more
Macau government collects $1 billion in gaming tax revenue in November
Information from Macau’s Financial Services Bureau (DSF) shows that the government’s gaming tax revenue in November reached MOP$8.0 billion... more
Philippines industry GGR now expected to surpass $6 billion in 2024
The Chairman and CEO of Philippine gaming regulator PAGCOR, Alejandro Tengco, told local media on Tuesday that the country’s gaming... more
