Location: Asia
Analyst: Macau’s temporary down swing not unexpected
Macau’s gambling revenue is on a downward trend in early July, wrote Jefferies Equity Research analyst Andrew Lee. Mass-market gambling is... more
Korea’s Paradise Co forecasts reaching almost $1 billion in sales by 2026
South Korea’s leading foreigner-only casino operator, Paradise Co, said Wednesday it forecasts reaching almost US$1 billion in sales by... more
Okada Manila operator terminates deal to acquire Cebu’s Emerald Bay
Okada Manila operator Tiger Resort, Leisure and Entertainment Inc (TRLEI) said Monday it had terminated an agreement to acquire a... more
Analyst: Macau surpassed lowered expectations for June
Jefferies Equity Research analyst David Katz called Macau casino revenues for June “modestly positive” for gaming stocks. “The June results... more
Macau GGR down 12% month-on-month to $2.2 billion in June
Macau’s casino operators generated gross gaming revenue of MOP$17.7 billion (US$2.20 billion) in June, up 16.4% year-on-year but down 12.4%... more
Philippine senator pushes bill to ban all forms of online gambling
A key opponent of the Philippines POGO industry has called for all forms of online gambling to be banned. Senator Joel Villanueva on... more
Seaport: Non-gaming to contribute 15% of Macau concessionaire revenues in 2024
Macau’s diversification efforts appear to be showing some positive impact, with Macau’s non-gaming sectors seen contributing around 15% of... more
Google halts expansion of real money game apps in Brazil, India and Mexico
Google has paused plans to expand the Real Money Games (RMG) framework of its Play Store, as previously announced at the start of 2024.... more
Premium cruise line bringing back casinos to all its ocean ships
Crystal, an ultra-luxury cruise line, has announced a new partnership with Casino de Monte-Carlo that will bring back casinos on all of... more
JP Morgan: Macau weekly GGR estimated at lowest level in six months
Macau’s gross gaming revenues have fallen to their lowest level in more than six months in June, with GGR for the first 23 days estimated... more
