Seaport Research Senior Analyst Vitaly Umansky has raised concerns that Thailand’s nascent casino regulations might not be robust enough to attract major operators from the United States. In a note published on…
What tech has revolutionised online casino the most?
Online casino has enjoyed a stellar rise over the past few years as it continues to ride the wave of advancing technology and software. The introduction of new and improved tech has…
Macau May GGR at US$2.5bln, best since Jan 2020
Macau’s May casino gross gaming revenue (GGR) was nearly MOP20.19 billion (US$2.51 billion), up 8.9 percent on April’s circa MOP18.55 billion. It was the best monthly performance since January 2020, at the…
Macau gross gaming revenue for May comes in at MOP$20.2 billion (US$2.52 billion), up 29.7 percent yoy
Macau’s gross gaming revenue in May was MOP$20.2 billion (US$2.52 billion), a 29.7 percent increase on May 2023, and an 8.9% sequential increase from last month. This represents the highest monthly GGR…
Two More Players Involved in Alleged A-League Bet Fixing Scandal
Two more A-League players have been named as participants in an alleged criminal group that involved three Macarthur FC teammates According to the Associated Press, court documents shown in Campbell Town Court…
GEN Malaysia 1Q rev up 21pct y-o-y, posts US$8mln profit
Global casino operator Genting Malaysia Bhd reported first-quarter net profit of just under MYR36.7 million (US$7.8 million), compared with a net loss of MYR45.4 million a year earlier. Judged sequentially, net profit…
Wynn Macau Ltd board to consider semi-annual dividend
Casino operator Wynn Macau Ltd says its board approved on Thursday amendments to the company’s existing dividend policy, with immediate effect. According to the amended dividend policy, the firm’s board “shall meet…
Challenging quarter sees Resorts World Las Vegas earnings fall in 1Q24
Genting Berhad’s US flagship, Resorts World Las Vegas (RWLV), generated revenue of US$214 million in the three months to 31 March 2024, down 1.8% year-on-year and down 11.2% quarter-on-quarter. It also reported…
AUSTRAC accepts Enforceable Undertaking from Sportsbet to uplift AML compliance
Australia’s money laundering watchdog AUSTRAC said Thursday it has accepted an Enforceable Undertaking from Sportsbet Pty Ltd – the country’s market-leading online sportsbook – to uplift its compliance with Australia’s anti-money laundering…
Wynn Macau re-elects Craig Billings and Linda Chen, updates dividend policy at AGM
Wynn Macau Ltd CEO Craig Billings and President Linda Chen have both been re-elected as executive directors at the company’s Annual General Meeting on Thursday, among a total of eight resolutions to…