The Philippine Charity Sweepstakes Office (PCSO) has reported gaming revenues of Php61.5 billion (US$1.07 billion) in 2023, representing a 7% year-on-year increase compared with revenues of Php57.5 billion (US$1.0 billion) in 2022….
Thailand’s Finance Ministry to lead 17 agencies in considering House report on legalizing casinos
Thailand’s Ministry of Finance has been appointed lead agency to consider a House committee study recommending the legalization of casino gaming but will work with 16 other agencies in doing so, local…
Gaming revenues at Manila’s Newport World Resorts reach US$600 million in 2023
Travellers International Hotel Group Inc, the operating entity of Manila’s Newport World Resorts, reported gross gaming revenues of Php34.2 billion (US$600.1 million) in 2023, up 7% year-on-year. The update, part of a…
DICJ data shows VIP gaming revenues claiming back some market share in 1Q24
Macau’s VIP gaming sector clawed back some market share in the three months to 31 March 2024, with revenues rising by 13.4% to MOP$14.4 billion (US$1.78 billion) according to figures from the…
MGM Sues FTC Over Scattered Spider Hack Probe, Demands Khan Recuse Herself
MGM Resorts International (NYSE: MGM) today sued the Federal Trade Commission (FTC) regarding the agency’s probe into a 2023 cybersecurity breach that plagued the casino giant. The gaming company is also demanding…
MGM Resorts Stock Could Be Near-Term Rebound Candidate
MGM Resorts International (NYSE: MGM) stock is struggling. Shares of the casino operator are lower by 4.10% year-to-date, badly lagging the S&P 500, and things have been worse in recent days as…
Galaxy to gain market share, MGM China to slip: analyst
Seaport Research Partners – a division of Seaport Global Securities Inc – has initiated coverage on Macau’s six casino operators, as well as the United States-based parents of three of them, namely…
HK court winds up Imperial Pacific, appoints liquidator
The High Court in Hong Kong has ordered Imperial Pacific International Holdings Ltd to be wound up, with a provisional liquidator appointed. The Hong Kong-listed company has, via its unit Imperial Pacific…
Hengqin line of Macau light rail to be built by Nov says govt
Construction of the Hengqin spur line for Macau’s light rapid transit (LRT) system is likely to be concluded “in November”, according to information provided by Macau’s Public Works Services Bureau, in response…
Star Sydney’s responsible gaming team accused of “endemic” falsification of records as Special Manager questions cultural transformation
A team of Star Sydney employees tasked with following new responsible gaming regulations was found to be falsifying records in a practice the Manager overseeing the casino’s remediation efforts described today as…