Tuesday, October 20, 2020
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Macau Q1 tourism spending falls

Macau tourist spending fell by 70.4 percent year-on-year in the first quarter of 2020, due mainly to a sharp decline in visitors in the...

Non-gaming spending by Macau visitors declined 11.8 percent in 19Q4

The Information from the Statistics and Census Service (DSEC) has reported that total non-gaming spending by visitors in the fourth quarter of 2019 dropped...

SGR downgraded on soft consumer outlook: JP Morgan

A soft domestic outlook and potentially weak consumer sentiment over the next few months will subdue Star Entertainment Group’s earnings in their Sydney and...

Caesars evaluating spend in Korea project: CFO

Caesars Entertainment Corp CFO Eric Hession said the company is “currently evaluating” its spend for its Korea IR project, named “Caesars Korea”. Hession made the...

Singapore visitor spending loses pace with arrivals

Despite an increase in international arrivals to Singapore, visitor spending dipped 1.3 percent in 19Q2, according to figures from the Singapore Tourism Board.  During the...

Star Entertainment profit hit by fall in VIP spending

Australian casino operator Star Entertainment Group posted an 8.4 percent annual drop in profit, amid a fall in VIP gaming revenue.  On Friday, the group...

Q1 visitors increase but spending down

Despite increasing its international visitors in Q1, Singapore’s tourism spending fell 4.8 percent year-on-year in the first quarter of 2019, according to data from...

Vietnam bolsters nighttime economy

Prime Minister Nguyen Xuan Phuc has ordered the government to find ways to develop more nighttime activities and increase tourist spend, local media reports. Nguyen...

Visitor non-gaming spend jumps 15.2 pct in 18Q3: DSEC

Macau saw a 15.2 percent rise in visitor non-gaming spend during the third quarter of 2018, led by a per-capita increase in shopping spend....
Singapore

Singapore visitor numbers up in 18Q1, but spending down

Singapore welcomed 4.6 million visitors in the first quarter of 2018, a 7.3 percent boost from the prior year period. However, despite a rise...

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Bloomberry seen breaking even at EBITDA level in Q4

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Bloomberry Resorts is expected to break even on an EBITDA level by Q4 due to cost cuts and support from the local market, according to analyst Michael Ting, who publishes on Smartkarma.

Covid survey bodes ill for Golden Week

A Bank of America survey held in August found that only 47 percent of Mainland Chinese travellers who want to visit Macau would be willing to take a Covid-19 test, casting doubt on visitation for the upcoming Golden Week holiday. 
Andhra Pradesh considers legalization of offshore casinos

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The state government of Andhra Pradesh, which last month moved to ban all online gambling, is now said to be considering the legalization of...
AGB Webinar Attracting Players, Not Fraudsters

AGB Webinar Series: Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt...
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Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
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