MGM China said its third-quarter revenue rose 22 percent to $808 million, driven mainly by an increase in VIP and main-floor table game revenues. Adjusted earnings before interest, tax, depreciation and amortization were up 25 percent at $191 million. EBITDA lagged the average estimate of $202 million from nine Bloomberg analysts.
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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 Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
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.