Thursday, April 18, 2024

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UPCOMING INDUSTRY EVENTS

Macau CAA gives green light for more flights and routes

Macau’s Civil Aviation Authority (AACM) has outlined upcoming changes to scheduled flights, signaling a positive shift for air travel in the region.

Commissioner acknowledges ‘prejudice’ in IPI case while lawyer claims company has no money

Two developments surrounding Commissioner Martin Mendiola and Attorney Michael Chen have made headlines this week.

Chinese Embassy endorses Philippines in addressing the ‘root causes’ of POGO 

The Embassy of China in the Philippines, on Thursday, has issued a statement emphasizing its support for the Philippine Government in addressing the 'root causes' of issues stemming from the offshore gambling industry.

Macau received 585k of foreign visitors in 1Q, reaching 68% of 2019 levels

Macau is still working on bringing more international visitors due to the lag behind recovery pace. In the first quarter of the year, the city received 585,000 international visitors out of a total of 8.9 million visitor arrivals.

PAGCOR appoints lawyer Wilma Eisma as new President and COO

The Philippine Amusement and Gaming Corporation (PAGCOR) has announced the appointment of lawyer Wilma Eisma as the new President and Chief Operating Officer (COO), making her the first woman to hold the position of President and COO.

MGTO anticipates 130k visitors daily during Labor Day holiday

Helena de Senna Fernandes, Head of the Macao Government Tourism Office (MGTO), projects that Macau may receive an average of 150,000 inbound tourists per day during the Labor Day Golden Week. The projection surpasses the numbers seen during the Cheng Ming and Easter holidays.

Entain records good progress, increase in active customers

Gambling giant Entain has surprised analysts with its resilience in the face of challenging market conditions.

Macau 1Q mass GGR at 112% of 1Q19 levels

In Q1, Macau Gross Gaming Revenue (GGR) experienced a 6 percent quarter-on-quarter growth, reaching MOP57 billion ($7.06 billion), equivalent to 75 percent of pre-COVID-19 levels.

Crown Melbourne unveils first new venue as part of redevelopment

Crown has revealed the latest addition to its redevelopment plans with the introduction of ‘The Henley at Crown Melbourne,’ an upmarket bar set to open later this year.

Morgan Stanley cuts Galaxy’s earnings outlook due to market share loss

The investment bank Morgan Stanley has lowered Galaxy Entertainment’s earnings forecast due to market share loss.