Macau gaming revenues chalk up August advance despite sequential setback

In Macau and aggregated gross gaming revenues for August reportedly increased by some 234% year-on-year to top $554.49 million despite the disruption associated with a minor outbreak of coronavirus in neighboring China. According to a report from In

Wakayama Prefecture lays out ambitious integrated casino resort timetable

In Japan and the government for Wakayama Prefecture has reportedly announced that it intends to have agreed a draft development plan for its envisioned integrated casino resort before the end of November. According to a report from GGRAsia, the juri

Morgan Stanley again lowers Macau annual forecasts amid coronavirus stall

For the second time this year and global brokerage and investments firm Morgan Stanley has reportedly cast doubts on the near-future profitability of the Macau casino industry owing to the lingering impacts of the coronavirus pandemic. According to

Galaxy Entertainment Group Limited heralds its first-half return to profit

Asian casino operator Galaxy Entertainment Group Limited has reportedly released its first-half financial results showing an improvement of almost 133% year-on-year in net profit to approximately $121.7 million. According to a report from GGRAsia, t

Summit Ascent Holdings Limited extends loan on Philippines casino

Asian casino operator Summit Ascent Holdings Limited has reportedly extended the maturity date on a $122.5 million loan it agreed with Filipino associate SunTrust Home Developers Incorporated in February. According to a report from Inside Asian Gami

Economic value of Macau gaming industry falls as a result of coronavirus

The over 40 casinos in Macau reportedly saw their combined 2020 contribution to the local economy drop by 79.6% year-on-year to around $5.22 billion as the coronavirus pandemic sent visitor numbers plummeting. According to a report from Inside Asian

Pansy Ho Chiu-King offloads more MGM Resorts International stock

In Macau and billionaire businesswoman Pansy Ho Chiu-King (pictured) has reportedly banked approximately $86 million after offloading a 0.4% stake in American casino operator MGM Resorts International. According to a report from GGRAsia, the 58-year

Clairvest Neem Ventures consortium granted Wakayama Prefecture approval

In Japan and the government for Wakayama Prefecture has reportedly okayed the final consortium that is now set to serve as the preferred operating partner for its tilt at being granted permission to host one of the Asian nation’s coming trio of inte

Premium-mass likely to be the new habitat for many Macau junket operators

Up to 30% of junket business in the casino hotspot of Macau may reportedly soon abandon the more traditional high-value VIP segment of the market to be concerned solely with a clientele more interested in premium-mass forms of gambling entertainment

Matt Maddox stepping down as boss of Wynn Resorts Limited

American casino operator Wynn Resorts Limited has announced that its Chief Executive Officer, Matt Maddox (pictured), is to step down from the end of January to be replaced by its current President and Chief Financial Officer, Craig Billings. The La

Macau arrests eleven over illegal mainland gambling allegations

In Macau and the Judiciary Police has reportedly announced the arrest of eleven individuals for allegedly having ties to illicit gambling supposedly being conducted by local junket giant Suncity Group. According to a report from Inside Asian Gaming,

Philippines puts POGO pair on notice over anti-money laundering compliance

In the Philippines and a pair of firms holding a Philippine Offshore Gaming Operator (POGO) license are reportedly in serious trouble after failing to adequately cooperate with official anti-money laundering compliance checks. According to a report