Location: Asia
Gaming and tourism recovery drives Macau GDP to 118% year-on-year increase in Q2
Macau’s Gross Domestic Product (GDP) grew by 117.5% year-on-year in real terms in the second quarter of 2023, with the gaming and tourism... more
China online platforms scrap lucky draw features amid gambling crackdown
Chinese online content platforms including Tencent Music (1698.HK) and NetEase’s Cloud Music (9899.HK) have removed live streaming... more
MGTO: International tourist arrivals on the rise as Macau hotel occupancy rate climbs above 90%
Macau’s tourism recovery is showing no sign of slowing down with preliminary figures revealing the city’s hotel occupancy rate reached... more
Morgan Stanley: Macau concessionaire EBITDA to reach 80% of pre-COVID levels in Q3, MGM higher
Macau’s concessionaires should all enjoy a significant boost to profits in the September 2023 quarter, with EBITDA tipped to reach 80% of... more
JP Morgan: Macau mass GGR to hit 100% of pre-COVID levels in October Golden Week
Macau’s mass gaming revenues are expected to return to 100% of pre-COVID levels during the upcoming 1 October Golden Week as growth... more
Macau premium mass wager amount seen rising 5% month-on-month in August
The amount wagered by Macau premium mass players grew by 5% month-on-month in August, reflecting a significant increase in player numbers... more
PAGCOR taking legal action against 33 POGOs for US$37 million in unpaid fees
Philippines gaming regulator PAGCOR says it is taking legal action against 33 offshore gaming licensees over Php2.02 billion (US$35.6... more
SBC Summit Tbilisi to explore dynamics in Black Sea, Central Asia, and Balkans
SBC Summit Tbilisi will present a series of conference sessions that will deeply delve into the opportunities in Georgia and its... more
Macau visitor spending soars by 355% year-on-year in 2Q23
The spending of visitors to Macau surged by 355% year-on-year to MOP$17.48 billion (US$2.17 billion) in the three months to 30 June 2023,... more
Macau GGR estimated at MOP$7.2 billion through first two weeks of August
Macau’s gross gaming revenues have continued to steadily climb, with estimates for the first 13 days of August placing industry revenue at... more
