Location: Asia
Hong Kong’s Securities and Futures Commission launches legal action against LET Group’s Andrew Lo
Hong Kong’s Securities and Futures Commission (SFC) has commenced legal proceedings against the Chairman and controlling shareholder of LET... more
Jefferies analyst unconvinced of Macau recovery
Although September was better than expected for casinos in Macau, Jefferies Equity Research analyst David Katz isn’t buying a recovery... more
Macau GGR down 12.7% month-on-month to US$2.16 billion in September, lowest of the year
Macau’s gross gaming revenues came in at MOP$17.3 billion (US$2.16 billion) in September, up 15.5% year-on-year but down 12.7% on August... more
The sole candidate for Macau’s leader pledges to diversify the casino city’s economy
HONG KONG (AP) — The sole candidate in the election for Macau’s next leader has pledged to diversify the economy of the Chinese casino... more
Analyst cautious concerning Las Vegas, more bullish on Macau
A Wall Street analyst is “becoming more cautious” about Las Vegas casino earnings due to slowing leisure travel, while looking positively... more
‘Nowhere is safe’: gamblers brave Lebanese casino as war rages on
The VIP section of Lebanon’s biggest gambling spot, the Casino du Liban, was closed on Wednesday night because of an unexpected staff... more
FABICash announces partnership with Asia-based LT Game
FABICash has announced a partnership with Asia-based LT Game, one of the major slot manufacturers and casino providers in Macau and... more
Macau business ‘moving in the wrong direction,’ Jefferies analyst says
Decrying “weaker than expected spend” in mid-September in Macau casinos, Jefferies Equity Research analyst Andrew Lee forecast a limited... more
Creditors committee pushing for casino license to be included in liquidation of IPI’s Saipan assets
A group of creditors owed money by former Saipan casino operator Imperial Pacific International (CNMI) LLC have sought leave to have the... more
Macau visitor arrivals surpass pre-COVID levels for first time in August
Macau welcomed 3,651,731 visitor arrivals in August, up 13.3% year-on-year and surpassing the pre-pandemic level for the first time since... more
