Wednesday 23 April 2025

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Current News Carousel

Wed 9 Apr 2025 at 05:59 0

New York appellate court dismisses China Construction America’s appeal in US$1.6 billion Baha Mar fraud case

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Wed 9 Apr 2025 at 05:40 0

Pub baron Bruce Mathieson agrees additional AU$100 million Star investment, reduces Bally’s contribution to AU$200 million

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Tue 8 Apr 2025 at 18:57 0

Thailand to postpone parliamentary debate on casino bill

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Tue 8 Apr 2025 at 13:55 0

PAGCOR: Manila’s Entertainment City casinos suffered combined 5.7% GGR decline in FY24

China-owned contractor of Chow Tai Fook’s Baha Mar ordered to pay US$1.6 billion to original owner for “many acts of fraud”

Wed 9 Apr 2025 at 05:59

New York appellate court dismisses China Construction America’s appeal in US$1.6 billion Baha Mar fraud case

Trade union warns massively increased casino pokies tax in NSW will cost jobs

Wed 9 Apr 2025 at 05:40

Pub baron Bruce Mathieson agrees additional AU$100 million Star investment, reduces Bally’s contribution to AU$200 million

Inside Thai IRs

Tue 8 Apr 2025 at 18:57

Thailand to postpone parliamentary debate on casino bill

Philippines casino GGR up 630% quarter-on-quarter in 3Q20

Tue 8 Apr 2025 at 13:55

PAGCOR: Manila’s Entertainment City casinos suffered combined 5.7% GGR decline in FY24

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Bally’s Chairman Soo Kim talks after deal sealed to acquire Australia’s Star Entertainment

Wed 9 Apr 2025 at 06:16

Star Entertainment Group confirmed Monday it had entered into a binding term sheet with US casino operator Bally’s Corp to...

RWLV names former MGM executive Greg Shulman as EVP of International Marketing

News

RWLV names former MGM executive Greg Shulman as EVP of International Marketing

Wed 9 Apr 2025 at 05:35

Genting Group’s US flagship Resorts World Las Vegas (RWLV) has announced the appointment of casino industry veteran Greg Shulman as...

Comtrade Gaming enters new partnership with REEVO

Comtrade Gaming enters new partnership with REEVO

Wed 9 Apr 2025 at 04:59

GGR at Cambodia’s NagaWorld up 17.7% to US$171 million in 1Q25

Tue 8 Apr 2025 at 06:29

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Melco prices US$750 million Senior Notes offering

Melco locking in approval to fully complete US$500 million share repurchase program

Tue 8 Apr 2025 at 06:13

Macau GGR hits new post-pandemic high of MOP$20.8 billion in October

Macquarie: Arrest of Macau casino hosts could impact Macau mass and premium mass markets in coming months

Tue 8 Apr 2025 at 06:12

William Weidner, Paul Steelman named as part of new financial center and integrated resort project in Vietnam’s Da Nang

Vietnam sets new quarterly record for international visitor arrivals in 1Q25

Tue 8 Apr 2025 at 05:22

REMINDER: Nick Niglio memorial drinks tonight

REMINDER: Nick Niglio memorial drinks tonight

Mon 7 Apr 2025 at 05:17

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Philippines

Philippines casino GGR up 630% quarter-on-quarter in 3Q20

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PAGCOR: Manila’s Entertainment City casinos suffered combined 5.7% GGR decline in FY24

by Ben Blaschke

Tue 8 Apr 2025 at 13:55

Philippine tourist arrivals down 0.5% in 1Q25 on fewer visitors from South Korea, China

MediaFeed

Philippine tourist arrivals down 0.5% in 1Q25 on fewer visitors from South Korea, China

Mon 7 Apr 2025 at 05:11

PhilWeb falls to US$10.5 million loss in FY24 on asset impairments

MediaFeed

PhilWeb falls to US$10.5 million loss in FY24 on asset impairments

Fri 4 Apr 2025 at 03:51

Chris Newsome and 1xBet creating more opportunities for basketball players in Asia

News

Chris Newsome and 1xBet creating more opportunities for basketball players in Asia

Wed 2 Apr 2025 at 04:55

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Macau

Melco prices US$750 million Senior Notes offering

MediaFeed

Melco locking in approval to fully complete US$500 million share repurchase program

by Ben Blaschke

Tue 8 Apr 2025 at 06:13

Macau GGR hits new post-pandemic high of MOP$20.8 billion in October

MediaFeed

Macquarie: Arrest of Macau casino hosts could impact Macau mass and premium mass markets in coming months

by Ben Blaschke

Tue 8 Apr 2025 at 06:12

Analysts puzzled as combined market cap of Macau concessionaires falls back to 2022 COVID levels

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Macau’s Hong Kong-listed gaming stocks all fall by more than 10% Monday on impact of US tariffs

Mon 7 Apr 2025 at 18:55

Macau visitor arrivals up 15% month-on-month to 3.3 million in February

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Around 410,000 visitors entered Macau during the three-day Qingming Festival holiday

Mon 7 Apr 2025 at 12:32

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MediaFeed

Bally’s Chairman Soo Kim talks after deal sealed to acquire Australia’s Star Entertainment

Wed 9 Apr 2025 at 06:16

Star Entertainment Group confirmed Monday it had entered into a binding term sheet with US casino operator Bally’s Corp to...

RWLV names former MGM executive Greg Shulman as EVP of International Marketing

News

RWLV names former MGM executive Greg Shulman as EVP of International Marketing

Wed 9 Apr 2025 at 05:35

Genting Group’s US flagship Resorts World Las Vegas (RWLV) has announced the appointment of casino industry veteran Greg Shulman as...

Comtrade Gaming enters new partnership with REEVO

Comtrade Gaming enters new partnership with REEVO

Wed 9 Apr 2025 at 04:59

GGR at Cambodia’s NagaWorld up 17.7% to US$171 million in 1Q25

Tue 8 Apr 2025 at 06:29

Melco prices US$750 million Senior Notes offering

Melco locking in approval to fully complete US$500 million share repurchase program

Tue 8 Apr 2025 at 06:13

Macau GGR hits new post-pandemic high of MOP$20.8 billion in October

Macquarie: Arrest of Macau casino hosts could impact Macau mass and premium mass markets in coming months

Tue 8 Apr 2025 at 06:12

William Weidner, Paul Steelman named as part of new financial center and integrated resort project in Vietnam’s Da Nang

Vietnam sets new quarterly record for international visitor arrivals in 1Q25

Tue 8 Apr 2025 at 05:22

REMINDER: Nick Niglio memorial drinks tonight

REMINDER: Nick Niglio memorial drinks tonight

Mon 7 Apr 2025 at 05:17

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Opinion

Editorial – The real reason Philippines casino revenues are down

Columnists

Editorial – The real reason Philippines casino revenues are down

by Ben Blaschke

Sun 30 Mar 2025 at 23:04

A baccarat perspective

Columnists

A baccarat perspective

by Ryan Hong-Wai Ho

Sun 30 Mar 2025 at 22:37

Editorial – The waiting game

Columnists

Editorial – The waiting game

by Ben Blaschke

Wed 26 Feb 2025 at 14:56

Macau government said to have reached consensus with bidders for combined US$12.5 billion investment during new 10-year concession period

Columnists

OPINION: Has Macau hit a GGR ceiling?

by David Bonnet

Tue 11 Feb 2025 at 13:31

Featured news

Casino industry Q1 earnings reports kick off this week amid talk of ‘deterioration’ in Las Vegas
on Wed 23 Apr 2025 at 09:04
Earnings season for the gaming industry kicks off Wednesday when Las Vegas Sands reports […]
Las Vegas reports lower air travel in March
on Wed 23 Apr 2025 at 09:00
The Las Vegas airport Tuesday reported a decline in travel in March and a downward trend for the […]
Omaha’s WarHorse Casino expands less than a year after opening
on Wed 23 Apr 2025 at 08:46
WarHorse Casino in Omaha celebrated its new expansion on Tuesday. The addition adds 400 slot […]
Bronx Catholic girls’ school saved from closure by Bally’s, which is bidding for a casino license nearby
on Wed 23 Apr 2025 at 08:44
A beloved Catholic high school in the Bronx has been spared from closure after the philanthropic […]
Analyst reports “transitory weakness” in gaming
on Wed 23 Apr 2025 at 03:45
While analysts have feared a gaming-wide slowdown, Jefferies Equity Research analyst Kai Erman […]
Las Vegas: Resorts World hires new executive in wake of regulatory settlement
on Wed 23 Apr 2025 at 03:26
Resorts World Las Vegas has named a new chief compliance officer, the latest move in a series of […]

APR ISSUE

Editorial – The real reason Philippines casino revenues are down

Columnists

Editorial – The real reason Philippines casino revenues are down

by Ben BlaschkeSun 30 Mar 2025 at 23:04

Inside Thai IRs

Cover Stories

Inside Thai IRs

by Andrew W Scott and Ben BlaschkeSun 30 Mar 2025 at 22:59

Resorts World Las Vegas – Lighting up the north

Features

Resorts World Las Vegas – Lighting up the north

by Andrew W Scott and Ben BlaschkeSun 30 Mar 2025 at 22:52

A baccarat perspective

Columnists

A baccarat perspective

by Ryan Hong-Wai HoSun 30 Mar 2025 at 22:37

Baby steps

Features

Baby steps

by Pierce ChanSat 29 Mar 2025 at 10:20

Grand designs

Features

Grand designs

by Ben BlaschkeSat 29 Mar 2025 at 10:11

Jackpot joy

Tech Talk

Jackpot joy

by NewsdeskSat 29 Mar 2025 at 10:00

Editorial – The real reason Philippines casino revenues are down

Inside Thai IRs

Resorts World Las Vegas – Lighting up the north

A baccarat perspective

Baby steps

Grand designs

Jackpot joy

Regional

Australia

Bally’s Chairman Soo Kim talks after deal sealed to acquire Australia’s Star Entertainment

Pub baron Bruce Mathieson agrees additional AU$100 million Star investment, reduces Bally’s contribution to AU$200 million

Bally’s acquisition of Star described as risky with likely need for further capital investment

Star Entertainment Group agrees AU$300 million rescue deal with Bally’s

Star seeking more from Bally’s as latest cash crunch nears

OPINION: Why are the shareholders of Star Entertainment accepting this farce? Someone needs to call an Extraordinary General Meeting NOW and fire the entire board

Bally’s bid back on the table as Star refinancing proposal falls through

Australian online sports betting market consolidates as betr parent completes acquisition of TopSport

The Star Sydney’s casino license to remain suspended until at least 30 September

Queensland defers The Star Gold Coast’s 90-day license suspension due to progress in remediation efforts

Cambodia

GGR at Cambodia’s NagaWorld up 17.7% to US$171 million in 1Q25

Investment in growing premium mass segment sees NagaWorld GGR climb to US$543 million in FY24

Hong Kong’s Argyle Street Management Ltd makes offer to acquire 100% of ASX-listed Donaco International

Donaco records revenue and EBITDA growth in 1H25 as Vietnam casino Aristo surges

Performance of Cambodian casino Star Vegas leads Donaco to steady 4Q24 growth

Century Entertainment commences operation of VIP tables at Dara Sakor casino

China and Cambodia to strengthen cooperation in fight against online gambling, scams

Mass gaming segment helps NagaCorp to US$411 million in GGR at NagaWorld through first nine months of 2024

World Poker Tour to return to Cambodia’s NagaWorld in 2025 with expanded 19-day festival

Three suspects arrested for lobbing grenade, firing shots at Cambodian casino

Japan

Japan’s Universal Entertainment rejigs management structure to speed up corporate decision-making process

Sega Sammy revises FY25 gaming segment forecast upwards on higher US slot sales and more Japanese VIPs at Korean casino in Q3

Universal’s independent Governance Committee calls for greater separation from Okada family dispute

UEC unsuccessful in appeal of judgement denying right to take action against shareholder in Fujimoto breach case

Japan’s Universal Entertainment Corp suffers US$102 million loss in 2024 on Okada Manila decline, lower pachinko and pachislot sales

Sega Sammy to transfer 45% stake in Korea’s Paradise City to supplier arm Sega Sammy Creation under “organizational restructuring”

Stabilized Asian market helps Konami’s Gaming & Systems segment growth through December

Japan’s Supreme Court upholds prison sentence for former Japan lawmaker accused of accepting bribes from IR aspirant

Sega Sammy’s emerging slot machine business shows promise in September quarter on US and Asia sales growth

Bally’s to sell Japan-facing Asia interactive business to management-led company

Macau

Melco locking in approval to fully complete US$500 million share repurchase program

Macquarie: Arrest of Macau casino hosts could impact Macau mass and premium mass markets in coming months

Macau’s Hong Kong-listed gaming stocks all fall by more than 10% Monday on impact of US tariffs

Around 410,000 visitors entered Macau during the three-day Qingming Festival holiday

REMINDER: Nick Niglio memorial drinks tonight

After Donald Trump’s tariff barrage, US considering whether to eliminate tariff exemption for small parcels from Macau

A night to remember: Macau After Dark makes memorable return at Galaxy Macau’s China Rouge

Macau’s April GGR expected to stay flat, possibly impacted by recent money changers crackdown

Macau International Airport revenues up 24% to US$185 million in 2024

Macau GGR up 0.8% year-on-year to MOP$19.7 billion in March

N. America

New York appellate court dismisses China Construction America’s appeal in US$1.6 billion Baha Mar fraud case

RWLV names former MGM executive Greg Shulman as EVP of International Marketing

AGEM Index down 9.3% in March as all 12 member firms suffer stock price declines

After Donald Trump’s tariff barrage, US considering whether to eliminate tariff exemption for small parcels from Macau

Light & Wonder to defend against “new issues” raised by Aristocrat in Dragon Train litigation, plans review of Hold & Spin titles

Dr Miriam Adelson still leads global gaming giants on Forbes 2025 World’s Billionaires list

Second Light & Wonder slot series could be caught up in Aristocrat litigation

RWLV to pay US$10.5 million to settle Nevada Gaming Control Board’s AML complaint

G2E in Las Vegas calls for conference content ideas (deadline March 26)

CreditSights: Nevada AML complaint against Resorts World Las Vegas unlikely to hurt Genting Group’s credit metrics, New York bid

Philippines

PAGCOR: Manila’s Entertainment City casinos suffered combined 5.7% GGR decline in FY24

Philippine tourist arrivals down 0.5% in 1Q25 on fewer visitors from South Korea, China

PhilWeb falls to US$10.5 million loss in FY24 on asset impairments

Chris Newsome and 1xBet creating more opportunities for basketball players in Asia

Editorial – The real reason Philippines casino revenues are down

Bloomberry’s Enrique Razon buys elite South African golf course, hotel

Manila’s Winford Resort and Casino to launch new junket and VIP club

Philippines gaming industry celebrates first Manila After Dark of 2025 in style at Conrad Manila

IAG announces first 60 judges for 2025 IAG Academy IR Awards at Newport World Resorts on Tuesday 9 September

Manila After Dark at Conrad Manila is on tonight!

S. Korea

Grand Korea Leisure’s casino revenue jumps almost 28% in March

Korea’s Paradise Co reports 15% sequential increase in casino revenues to US$55 million in March

Korea’s Paradise targeting 10% annual sales growth through 2027

Jeju Dream Tower casino revenues up 46.5% year-on-year to US$22 million in March

10 Years Ago – Unleashing the wave

South Korea to introduce visa exemption for tour groups from China

Fitch: Exit from Korea resort operations may help Mohegan in meet domestic refinancing needs

South Korea’s Paradise reports slight decline in February casino revenues to US$49 million

Grand Korea Leisure casino revenues show slight sequential decline in February

Mohegan says new INSPIRE owner Bain Capital ignored “market precedents” in refusing covenant amendments

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Events

G2E Asia 2025 @ The Venetian Macao, Macau

May 7 – May 9 all-day

www.g2easia.com

The Industry Party @ Vista, MGM Cotai, Macau

May 8 @ 18:30 – 22:00

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MAD 30 @ Vasco Bar and Lounge, Artyzen Grand Lapa Macau

Jul 7 @ 18:30 – 21:30

Macau After Dark

Australasian Gaming Expo @ ICC Sydney, Australia

Aug 12 – Aug 14 all-day

www.austgamingexpo.com

IAG Expo 2025 @ Newport World Resorts, Manila, Philippines

Sep 8 – Sep 10 all-day

Manila After Dark @ Casa Buenas, Newport World Resorts, Manila

Sep 8 @ 18:30 – 21:30

Academy Summit 2025 @ Marriot Grand Ballroom A, Newport World Resorts, Manila

Sep 9 – Sep 10 all-day

Academy IR Awards @ Manila Ballroom, Newport World Resorts, Manila

Sep 9 @ 18:30 – 22:00

May – September 2025 May – Sep 2025

Philippine tourist arrivals down 0.5% in 1Q25 on fewer visitors from South Korea, China

MediaFeed

Philippine tourist arrivals down 0.5% in 1Q25 on fewer visitors from South Korea, China

The number of visitor arrivals entering the Philippines fell by 0.51% during the first three months of 2025, with visitation...

Mon 7 Apr 2025 at 05:11

DATA.BET introduces upgraded Single Page Application

iGaming

DATA.BET introduces upgraded Single Page Application

Premium esports betting solution provider DATA.BET has introduced a new Single Page Application (SPA) that it says offers a more...

Mon 7 Apr 2025 at 04:58

PhilWeb falls to US$10.5 million loss in FY24 on asset impairments

MediaFeed

PhilWeb falls to US$10.5 million loss in FY24 on asset impairments

Philippine eGames provider PhilWeb Corporation fell to a Php599.2 million (US$10.5 million) loss for the year ended 31 December 2024,...

Fri 4 Apr 2025 at 03:51

AGEM Index falls by 7.4% in December on Aristocrat, Light & Wonder stock price declines

News

AGEM Index down 9.3% in March as all 12 member firms suffer stock price declines

The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – fell by 9.3% month-on-month or...

Fri 4 Apr 2025 at 02:46

Grand Korea Leisure’s casino revenue jumps almost 28% in March

MediaFeed

Grand Korea Leisure’s casino revenue jumps almost 28% in March

Foreigner-only casino operator Grand Korea Leisure reported casino revenue of KRW41.4 billion (US$28.2 million) in March, up 27.7% month-on-month and...

Thu 3 Apr 2025 at 13:16

After Donald Trump’s tariff barrage, US considering whether to eliminate tariff exemption for small parcels from Macau

MediaFeed

After Donald Trump’s tariff barrage, US considering whether to eliminate tariff exemption for small parcels from Macau

US President Donald Trump signed an executive order on 2 April to eliminate the tariff exemption for small parcels from...

Thu 3 Apr 2025 at 13:02

Miriam Adelson’s Las Vegas Sands sell-off linked to Dallas Mavericks move as pricing revealed; no impact on Macau ops

MediaFeed

Dr Miriam Adelson still leads global gaming giants on Forbes 2025 World’s Billionaires list

Dr Miriam Adelson, controlling shareholder of Las Vegas Sands Corp, has for the fourth year in a row topped the...

Thu 3 Apr 2025 at 04:14

Korea’s Paradise Co suspends Seoul casino operations as national COVID cases grow

MediaFeed

Korea’s Paradise Co reports 15% sequential increase in casino revenues to US$55 million in March

Leading Korean foreigner-only casino operator Paradise Co reported casino revenue of KRW81.0 billion (US$55.3 million) in March, up 51.6% year-on-year...

Wed 2 Apr 2025 at 18:28

Damage Control – Korea’s COVID calamity

MediaFeed

Korea’s Paradise targeting 10% annual sales growth through 2027

Korea’s leading foreigner-only casino operator Paradise Co says it is targeting a 10% annual sales growth rate and an operating...

Wed 2 Apr 2025 at 06:32

A night to remember: Macau After Dark makes memorable return at Galaxy Macau’s China Rouge

MediaFeed

A night to remember: Macau After Dark makes memorable return at Galaxy Macau’s China Rouge

Wed 2 Apr 2025 at 06:03

Grand Hyatt in Lotte Tour’s Jeju Dream Tower granted 5-star rating

MediaFeed

Jeju Dream Tower casino revenues up 46.5% year-on-year to US$22 million in March

Wed 2 Apr 2025 at 05:09

Chris Newsome and 1xBet creating more opportunities for basketball players in Asia

News

Chris Newsome and 1xBet creating more opportunities for basketball players in Asia

Wed 2 Apr 2025 at 04:55

Australian sportsbooks BlueBet and betr to merge

MediaFeed

Australian online sports betting market consolidates as betr parent completes acquisition of TopSport

Tue 1 Apr 2025 at 13:32

OPINION: Macau wants to recruit “foreign” customers? Great! Here are some ideas.

MediaFeed

Macau International Airport revenues up 24% to US$185 million in 2024

Tue 1 Apr 2025 at 13:02

Macau’s Asia Pioneer Entertainment eyeing profitable year ahead after FY23 loss narrows

MediaFeed

Asia Pioneer Entertainment returns to profit in FY24 on improving Macau gaming equipment business

Tue 1 Apr 2025 at 06:44

Suncity Group claims majority 69.66% stake in Summit Ascent Holdings

MediaFeed

Summit Ascent expecting to record US$5 million profit for FY24 on improved Russia casino performance

Tue 1 Apr 2025 at 06:23

Craig Billings – The art of Wynning

MediaFeed

CBRE: Wynn to further benefit from UAE head start as momentum for more licenses slows

Tue 1 Apr 2025 at 05:53

Zitro obtains ISO certification for carbon footprint reduction efforts

News

Zitro obtains ISO certification for carbon footprint reduction efforts

Tue 1 Apr 2025 at 05:34

LT Game – In the game

MediaFeed

Performance of Live Multi-Game terminals in Macau drives Paradise Ent to profit of US$47 million in FY24

Mon 31 Mar 2025 at 05:46

IAG announces Studio City’s Blind Tiger at W Hotel as Venue for Macau After Dark 24 on Thursday 29 August 2024

MediaFeed

Melco Resorts parent reports narrowed US$98 million loss in FY24

Sat 29 Mar 2025 at 16:20

MGM announces pay rises of between 2.5% and 6.5% for staff

MediaFeed

MGM China co-develops eco-friendly recycling solution for used playing cards

Sat 29 Mar 2025 at 10:42

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