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Industry
October 26, 2021
Macau Gets a Small Boost in GGR, Could See More Growth
Macau didn’t see any significant uptick in traffic from Golden Week this month, but things improved slightly since then. The average daily gross gaming revenue (GGR) for the third week of October was a big improvement over the prior week, and more increases could be coming. The Macau Grand Prix will be held in November, […]
Industry
October 21, 2021
Industry Analysts Optimistic on Las Vegas Recovery
Put simply, 2020 sucked for the gaming industry. With COVID-19 forcing lengthy shutdowns of commercial activity everywhere, casinos took a major hit that is still being felt today. The good news, though, is that things are returning to a quasi-normal state in most areas, and Las Vegas, the US gambling capital, is on the road […]
Industry
October 19, 2021
Macau Suffers GGR Losses Post-Golden Week; Q3 Revenue is $1.6 billion
The daily gross revenue of Macau suffers major week-on-week declines in the period between October 11 and October 17. According to the Bernstein brokerage, the week-on-week decline is 37% to just $9.8 million (MOP79 million). The Daily Average Was 88% Lower Than October 2019 Analysts Kelsey Zhu, Vitaly Umansky and Louis Li noted in their […]
Esports
October 19, 2021
BETER Pivots towards Asia with M88 Partnership
Provider of sports and esports betting solutions and content BETER has teamed up with Asian-focused M88 sportsbook. As a result, the betting operator will be able to benefit from BETER’s extensive portfolio of global esports tournaments, covering some 30,000 high-tier events as well as 200,000 games played on the ESportsBattle platform annually. Tapping into Asia’s […]
Industry
October 18, 2021
COVID-19 Pandemic Pushes Global Gaming Expo Asia to August 2022
In light of the ongoing COVID-19 pandemic, the annual Global Gaming Expo Asia was postponed to 2022. Organizers of the event which was planned for this November revealed that G2E Asia will return in August 2022. G2E Asia Postponed to August 2022 The first time when the Global Gaming Expo (G2E) Asia was held was […]
Business
October 18, 2021
Okada Manila Ready to Land on NASDAQ
Okada Manila is ready to be seen on NASDAQ. The company is launching on the exchange through a convoluted merger with a special purpose acquisition company (SPAC), 26 Capital Acquisition Corp., and, provided everything goes according to plan, the new company will have a total equity value of $2.5 billion. Okada Manila Hits NASDAQ According […]
Casino
October 15, 2021
Macau’s Casinos Mandate Vaccination, Authorities Ready to Ease Up Restrictions
The coronavirus continues to hold the world of entertainment in its chokehold, with Macau casinos trying as best as they can to deal with surging numbers or, at least, ensure that they do not become areas of transmission of the disease. To this end, Macau’s casinos have made it mandatory for all staff members to […]
Industry
October 14, 2021
Singapore Slows Plans to Integrate Gaming Regulations Due to COVID-19
Singapore has been working on plans to bring together its different regulatory gaming frameworks under one roof, but the task is proving to be more challenging than expected. Currently, casino operators follow one regulator, while remote gaming operators are directed by another. Having unified regulatory oversight would simplify the industry, but COVID-19 is making it […]
Esports
October 11, 2021
Galaxy Racer to Host $100K Esports Tournament in Pakistan
Fast-growing esports company Galaxy Racer announced a new initiative in partnership with the Pakistani government under which the sports organization will host a $100,000 esports tournament in Pakistan. Investing in Pakistan Dubai-based esports organization Galaxy Racer became the first company to invest in Pakistan under the newly-established Special Technology Zone Authority (STZA) initiative that seeks […]
Industry
October 7, 2021
Macau’s New Casino Dividend Rules Could Suppress Growth, Assert Law Experts
Government officials and gaming regulators in Macau have been putting together a new framework for the city’s casino industry that was presented to the public last month. The draft rules immediately found resistance, with one rule, in particular, causing a lot of discord. The fallout was so great that casino companies saw their stocks lose […]