First quarter earnings for Wynn Macau Ltd. rose 14 percent from a year ago as revenues increased 4.4 percent to $992.1 million. Profit before interest, taxes, depreciation and amortization reached $330.7 million. Volumes on mass market tables rose 13.6 percent. VIP bet volumes fell 15.3 percent, however the company’s win rate rose to 3.14 percent from 2.59 percent. Slot machine bets fell 23.4 percent to $1.1 billion. The company said it has lined up new junket operators for the casino and that it hoped to open its $4 billion Cotai casino resort by Chinese New Year 2016 after starting foundation work in February.
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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.
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.