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Oddin.gg, PGL, agree to multi-year strategic alliance
Esports live odds provider Oddin.gg and PGL have agreed to a multi-year strategic alliance. Per the agreement, which extends between... more
JP Morgan: Macau’s daily GGR down 5% through first 21 days of April
Macau’s gaming operators have recorded combined gross gaming revenues of MOP$12.5 billion through the first 21 days of April, with the... more
Wall Street analysts weigh in on Sands stock after earnings consensus missed
Shares of Las Vegas Sands Corp. have fallen sharply since the company announced its first-quarter earnings Wednesday that Wall Street... more
Sands China reports $1.81 billion in net revenues in first quarter but profit hit by low hold
Sands China has reported net revenues of $1.81 billion for the three months to March 31, representing a 42 percent increase over the same... more
Las Vegas Sands reports “strong growth” from Macau and Singapore
Las Vegas Sands reported first-quarter growth in revenue, income, and adjusted earnings based on the ongoing recovery in Macau and new... more
China’s economy grows by 5.3% year-on-year in 1Q24, exceeding forecasts
The National Bureau of Statistics (NBS) announced that mainland China’s economy grew by 5.3% year-on-year in the first quarter of 2024,... more
Bank of America updates casino earnings estimates ahead of this week’s kickoff
First-quarter earnings season kicks off Wednesday for the gaming industry when Las Vegas Sands Corporation reports. Bank of America... more
Citi: Early adoption of smart gaming tables to see MGM China maintain “technological advantage” over Macau peers through 2024
MGM China will maintain a technological advantage over its Macau peers throughout the remainder of this year and possibly into 2025 due to... more
Thai cabinet endorses casino plan, calls on Ministry of Finance to undertake 30-day feasibility study
The Thai cabinet has endorsed a special House committee report recommending the legalization of integrated resorts with casinos, and given... more
Moody’s expecting Melco Resorts to reach $1.3 billion in adjusted EBITDA in 2024
The continued recovery of the Macau market should see concessionaire Melco Resorts & Entertainment increase its Adjusted EBITDA to... more
Development of fourth Marina Bay Sands tower and new arena to begin by July 2025
Full construction of Marina Bay Sands’ US$3.3 billion expansion project is set to begin by July 2025, the company has announced, with a... more
Morgan Stanley: Macau Q1 EBITDA likely to come in below GGR growth as operators deleverage
Macau’s 1Q24 EBITDA could come in below the 6% quarter-on-quarter GGR growth of 6%, suggesting operators are still heavily focused on... more
Thai casino legislation could cast shadow on Japan’s long-awaited IR dream
The anticipated approval by the Thai cabinet of a study recommending the legalization of casino gaming poses a serious threat to the future... more
Grand Korea Leisure sees strong growth in casino revenues in March
Foreigner-only casino operator Grand Korea Leisure reported a 19.9% month-on-month increase in casino revenue to KRW40.4 billion (US$29.9... more
Macau holds its final horse race, ending a tradition of more than 40 years
MACAU (AP) — After more than 40 years, Macao’s horse racing track hosted its final races on Saturday, bringing an end to the sport in... more
Thailand takes first step to legalize casinos to aid economy
Thailand took the first step toward legalizing casinos, as the government looks to attract high-spending tourists to support Southeast... more
MGM Resorts CEO Bill Hornbuckle among U.S. business leaders who met with China’s President Xi Jinping
MGM Resorts CEO and President Bill Hornbuckle was part of a delegation of US business leaders that met with China’s President Xi Jinping... more
Wall Street Bets: Light & Wonder, Scientific Games. Gambling.com, Macau
Light & Wonder Truist Securities analyst Barry Jonas, in a March 21 post, commented on meetings the company hosted with Light &... more
Indian government warns social media influencers against endorsing offshore online gambling
The Ministry of Information and Broadcasting on Thursday advised all endorsers and influencers on social media to refrain from promoting or... more
Sportradar quarterly numbers boost stock
Shares of Sportradar stock rose 11 percent following the company’s disclosure of its fourth-quarter numbers to Wall Street. One... more