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Industry
January 25, 2022
IMF Projects Steady Recovery for Macau as Region Diversifies Economy
Business is a greasy pole – you go up, you go down. Macau has been struggling in the past two years has been all but deprived of its main revenue sources, casino gaming and tourism. This has not stopped the special administrative region (SAR) from continuing panning. It has overhauled its licensing procedure for casinos […]
Industry
January 25, 2022
Macau Legislators Approve New Gambling Laws During First Reading
Macau is one step closer to updating its gambling laws. The Legislative Assembly met yesterday, overwhelmingly adopting a draft gaming legislation amendment bill. A legislative committee review and a second hearing are needed before the bill can become law. A New Macau to Emerge in 2022 The bill draft sets a limit of six gaming […]
Casino
January 24, 2022
Philippines: Casino Operators, PAGCOR Help Typhoon Victims
Back in December 2021, a catastrophic tropical cyclone dubbed Typhoon Odette struck the Philippines. Odette left thousands of residents without a home and access to water or food during Christmas and New Year. But casinos in the country did not hesitate and immediately stepped up to help the victims of the typhoon. PAGCOR Helps Typhoon […]
Sports
January 21, 2022
Armenia: Bill Restricting Gambling Advertising Gets Traction
Last week, lawmakers from the Republic of Armenia announced a proposal that calls for significant changes to the laws related to gambling advertising in the country. Now, after only a week, the proposal is getting traction and was debated during its first reading on January 20. Lawmakers Approve a Proposal Restricting Gambling Advertising Despite some […]
Industry
January 21, 2022
Macau Casinos Ready for Action as Flight Ban Lifted
It may only be a small step forward, but it’s still progress. Macau casinos will take whatever they can get to bring operations back to normal levels, and will receive some help next week. Officials from Macau have announced that the ban on civilian flights from other countries for 14 days will be lifted as […]
Industry
January 19, 2022
Wakayama Mayor Unimpressed with Opposition’s Stance on IR
The mayor of Wakayama, Japan could be about to open a legal battle that might jeopardize the city’s chances of hosting an integrated resort (IR). Opposition to the idea has been building, and a signature-gathering exercise resulted in over 20,000 names appearing on the list. That should lead to a referendum on the subject. However, […]
Sports
January 18, 2022
2022 Abu Dhabi HSBC Golf Championship Odds, Time, and Prediction
Abu Dhabi is where the crème de la crème of the golf universe is going to gather on Thursday, January 20, 2022. That’s when the Abu Dhabi HSBC Championship tees off as the first tournament of the DP World Tour, previously known as the European Tour. Tyrrell Hatton is the defending champion, but there are […]
Industry
January 18, 2022
Macau Confirms New Gambling Laws Through Publication of Draft
The publication of the final version of the draft gambling laws in Macau is a huge step forward. While the laws still need final approval, they offer clear insight into what’s coming and what will be expected of casino operators. Among the many changes, more attention to responsible gambling and social programs are expected. Macau […]
Business
January 18, 2022
Mass-Market Gaming the Big Winner in Macau in 4Q2021
Mass gaming is going to be the big driver of gross gaming revenue (GGR) in Macau. This trend already began last year and will become more pronounced as junkets continue to lose their spot. The last quarter of 2021 saw how important the mass-market gaming segment was for the city’s GGR, blowing away the VIP […]
Business
January 18, 2022
Genting Hong Kong Waves the White Flag, Files for Bankruptcy Protection
Genting Hong Kong has been denied its only hope. The company, a division of Genting Group, was ruled out by a German court as the cruise operator sought funding from the State of Mecklenburg Vorpommern in the amount of $88 million. Now, the company is being forced to file for bankruptcy protection. Genting Hong Kong […]