The tech giant’s decision could have significant consequences for smaller developers and distributors and could hurt the sector’s long-term competitiveness The All India Gaming Federation (AIGF) has sharply criticized Google’s recent decision…
Australia’s Star Ent appoints Steve McCann as new CEO
Australian casino operator The Star Entertainment Group Ltd said on Wednesday that it has appointed Steve McCann as its group chief executive and managing director, with effect from July 8. Mr McCann…
Package tour visitors to Macau up 225pct in year to May
Inbound package tour visitors to Macau reached 928,000 in the first five months of 2024, a 225.3-percent increase from the prior-year period, showed data published on Wednesday by the city’s Statistics and…
Palasino annual profit down 81pct on one-off expenses
Hong Kong-listed Palasino Holdings Ltd, which runs gaming and hospitality complexes in Europe, reported a profit attributable to shareholders of just above HKD8.5 million (US$1.1 million) for the 12 months to March…
Aristocrat targets US$1bln revenue from interactive by 2029
Australia-listed slot machine maker and online gaming content provider Aristocrat Leisure Ltd expects to achieve “at least” US$1 billion in revenue from its interactive segment by financial year 2029. The revenue target…
Japan’s Tomakomai has first IR promo meeting since 2019
Tomakomai city (pictured), an economically-straitened industrial port in the Japanese island prefecture of Hokkaido, witnessed this week a meeting of people who support a long-expressed aim of building there an integrated resort…
Macau hotel occupancy rate hits 83.6% in May
Macau’s average hotel room occupancy rate rose by 4.9 percentage points year-on-year to 83.6% in May, with the number of guests increasing by 8.4% to 1.196 million. The occupancy rate was also…
Palasino Group profit falls in FY24 on costs linked to emerging online gaming business
Hong Kong-listed Palasino Group reported Wednesday a FY24 profit of HK$9 million (US$1.2 million), down from HK$44 million (US$1.2 million) in the prior year due primarily to one-off expenses and online gaming…
Jefferies revises upwards Light & Wonder EBITDA estimates on strength in Asia, Australia markets
Investment bank Jefferies has reiterated its “BUY” rating on global gaming giant Light & Wonder and revised upwards its Adjusted EBITDA estimates for the remainder of 2024, citing strength in demand around…
Macau government grants Outer Harbour Ferry Terminal operation rights to STDM for 60 months
The Macau SAR Government has granted the right to operate the Outer Harbour Ferry Terminal to Sociedade de Turismo e Diversões de Macau, S.A. (STDM) for a period of 60 months as…