The New York State Gaming Facility Location Board on Thursday provided an updated timeline for the issuing of the three downstate casino concessions. New York residents in 2013 voted in favor of…
MGM Online Gaming Efforts Could Be Credit Tailwind
Earlier this week, MGM Resorts International (NYSE: MGM) said that its LeoVegas unit is acquiring the the US iGaming and sportsbook operations of Tipico Group for an undisclosed sum — a purchase…
VICI Clings to Investment-Grade Rating with Stable Outlook at Fitch
Fitch Ratings reaffirmed VICI Properties’ (NYSE: VICI) credit grade at “BBB-“ with a “stable” outlook in a report out Thursday. The research firm said the rating — the lowest on the investment-grade…
Wynn Resorts Stock Could Rise on High-End Strip Momentum
Data out Wednesday confirm Nevada casinos posted the best May on record in terms of gross gaming revenue (GGR), which checked in at $1.32 billion of which $742 million was attributable to…
S.Korea rejects RFKR appeal on casino scheme invalidation
The backers of a stalled South Korea resort scheme (pictured) due to have a foreigner-only casino, have failed in their attempt to reverse a government decision declaring the gaming portion of the…
APAC 2024 visitor arrivals to surpass 2019 levels: PATA
The Pacific Asia Travel Association (PATA) expects “strong annual growth” this year in international visitor arrivals “into and across” Asia Pacific (APAC), according to a recent press release. Arrivals should “exceed pre-pandemic…
Macau 2025 GGR to be 88pct of pre-Covid says Fitch
Macau is likely to see circa 28 percent year-on-year growth in casino gross gaming revenue (GGR) this year, and 10 percent growth in 2025, says a Thursday update from Fitch Ratings Inc….
Beijing raises duty-free limit for mainlanders visiting Macau
The mainland China authorities announced on Friday that they will raise, with effect from Monday (July 1), the duty-free shopping allowance for mainland Chinese visiting either Macau or Hong Kong. Starting from…
China announces increase in tax exemption for mainland tourists visiting Macau and Hong Kong
China announced on Friday that the tax exemption for mainland residents visiting Macau and Hong Kong will be raised from RMB5,000 (US$688) to RMB12,000 (US$1,650). Issued by China’s Ministry of Finance, General…
‘Soft2Bet Invest’ Innovation Fund Supports Industry Pioneers
This initiative should cement Soft2Bet’s position at the forefront of cutting-edge industry advancements, giving visionaries a unique opportunity to realize their dreams Soft2Bet, a leading iGaming turnkey solutions provider, is excited to…