Investors may be overly optimistic about the prospects for Macau’s gaming stocks given the snail’s pace of the recovery and slow vaccine rollout across the region, according to analysts from Union Gaming.
Tiger Resort, Leisure and Entertainment reported that revenue from Okada Manila dropped 42 percent in Q1 amidst ongoing restrictions to Manila's casinos.
Quang Nam province in central Vietnam has put forward a proposal to host guests who have been vaccinated against Covid in two resorts, according to local media.
A full recovery in Macau could be delayed until 2023 as the slow rollout of vaccines prevents a significant easing of travel restrictions, Union Gaming writes.
Macau's gross gambling revenue continued to show a small sequential improvement in the third week of April, with visitation hitting a 15-month high, according to Bernstein Research.
Crown Resorts said a group of funds advised by Oaktree Capital Management has agreed to provide up to $3 billion in funding for the company to buy back shares held by James Packer's Consolidated Press Holdings.
Police in China have busted an illegal gambling operation built on the EOS blockchain network. The arrests are just another example of the wider crackdown on cross-border gambling initiated by Chinese authorities.
The Asian economy is expected to grow 6.5 percent in 2021, and will be a strong part of sustainable global recovery, according to reports released by the Boao Forum for Asia (BFA) Sunday.
Mass market baccarat accounted for 51 percent of Macau's gross gambling revenue in the first quarter of this year, according to figures released by the Gaming Inspection and Coordination Bureau.
SkyCity Entertainment's earnings are recovering faster-than-expected from the Covid crisis, said Standard & Poors in a note raising its credit outlook to stable from negative.
Crown Resorts' largest shareholder has reached an accord with the New South Wales regulator under which it agreed not to seek representation on the board, share information with the company or have discussions that are not in a public forum.
Austrian-based Novomatic Group said whilst its land-based division saw significant revenue loss, its online segment was able to generate growth in 2020.
Genting Singapore on Thursday announced it has disregarded a resolution which would see an increase to chairman Tan Sri Lim Kok Thay’s performance share scheme (PSS) limit.
Lotte Tour Development has the potential to see a turnaround in its performance this year, according to SK Securities analyst Seung-Doo Na.
Victor Blanco, who previously led Aristocrat's expansion into social casino and casual games will now oversee Scientific Games' technology strategy to support leadership across gaming, lottery, sports betting, and iGaming as well as support the development and execution of the company's games.
Sportradar said it has appointed former Bloomberg Chief Marketing Officer Deirdre M. Bigley to its board of directors.
The game studio Mplay Games has recently signed an agreement with Solid Gaming to distribute their games. Mplay is a fast-growing game studio focusing on premium casino games for the Asian market and India in particular. The games are built with interactive functions to give the players a whole new game experience.
Digitain is delighted to announce that they will be the badge sponsor for the upcoming Russian Gaming Week Exhibition taking place in Moscow on the 27th of April.
Pragmatic Play, a leading content provider to the gaming industry, has unveiled its newest hit, Floating Dragon Hold and Spin.
Sands China on Friday announced the establishment of an Environmental, Social, and Governance Committee.
1xBet is in the running for both “Online Sports Betting Operator of the year” and “Affiliate Program of the year" at the Global Gaming Awards.
THE Philippine Amusement and Gaming Corporation (PAGCOR) has distributed comfort food to healthcare frontliners through the contributions of Chairman and CEO Andrea Domingo and PAGCOR’s executive committee members.
BBIN is once again being recognized by the Global Gaming Awards organizers and the panel of judges in 2021, after being shortlisted for the GGA Las Vegas in 2020.
Melco Resorts & Entertainment said it ha become the first integrated resort operator in Macau and the Philippines to achieve the international third-party responsible gaming accreditation RG Check across all of its integrated resorts.
MGM recently held the “Seminar on Technology Application and Development of Green Buildings in China and Macau”.