Marina Bay Sands reported a 21.6 percent drop in operating income for the first quarter from a year earlier as its VIP hold rate dropped steeply. Total revenue for the Las Vegas Sands Corp. property fell 6.3 percent to $794.9 million, as casino revenues dropped 8.7 percent to $640.2 million and operating income hit $292.7 million. The hold rate on VIP gambling fell to 2.51 percent from 3.58 percent though VIP volumes rose 42.2 percent to a record $18.2 billion. Mass market volumes rose a subdued 2.4 percent and slots 1.6 percent.
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Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
The next edition of the AGB Webinar Series will look at the future of iGaming customer acquisition and retention, which has been going through a transition period over the last year.