Macau’s May casino gross gaming revenue (GGR) could achieve circa 6 percent growth month-on-month, says brokerage CLSA Ltd. “We forecast May gross gaming revenue at MOP19.7 billion [US$2.45 billion],” stated CLSA analysts…
GLI acquires outstanding shares in testing firm Trisigma
Gaming technology certification company Gaming Laboratories International LLC (GLI) says it has acquired all outstanding shares in a fellow gaming testing business, Netherlands-based Trisigma BV (pictured). The latter was described in a…
Insufficient evidence to bar CTFE for Brisbane casino scheme
The authorities in Queensland, Australia, have decided there is “insufficient evidence to conclude” that Hong Kong firm Chow Tai Fook Enterprises Ltd (CTFE) or its relevant associates “are unsuitable” to be 25…
LET Group appoints 3 directors, 2 of them returnees
Two people who had resigned in January as independent non-executive directors of Hong Kong-listed casino project investor LET Group Holdings Ltd as part of a board mass exodus, have now rejoined the…
Local play to support Philippines GGR growth: Maybank
Maybank Securities Inc expects the local gaming industry in the Philippines to deliver “at least circa 15 percent” gross gaming revenue (GGR) growth in 2024. In a Tuesday note, the institution said…
Close date on US$235mln Suntrust bond deal put back a year
The closing date on a deal to raise up to PHP13.51 billion (US$235.2 million currently) for a firm developing a casino hotel scheme at Westside City in the Philippine capital Manila, has…
G2E Asia expects 8k visitors for 2024, half the tally of 2019
This year’s Global Gaming Expo (G2E) Asia casino trade show and conference – is expected to draw “over 8,000” visitors, “over 100″ exhibitors, and “more than 800” buyers, according to information from…
Massachusetts Gambling Regulator Debates Ban on Non-gambling Bonuses
Similar to Ohio, Massachusetts is also exploring options for a potential ban on non-gambling bonuses and promotions In 2023, Ohio joined the list of US states that offer legal mobile sports betting….
MGM Management Shares Insights on Long-Term Strategy
The company held an earnings call after its Q1 2024 results, answering questions regarding its growth plans and strategic initiatives for the rest of the year and beyond During a recent earnings…
King Gaming Raided on Isle of Man in Fraud, Money-Laundering Probe
Last summer, Asian-facing online gambling operator King Gaming Ltd. obtained planning permission from the Isle of Man government to build a multimillion-dollar HQ on a derelict vacation complex. The project, which would…