Business
May 2, 2025
MGM Resorts Increases Its Investment in MGM Osaka by 20%
MGM Resorts International announced that it has increased its projected investment in its integrated resort in Osaka, Japan, by 20%. The company remained unfazed by this decision, remaining very optimistic about the property’s potential performance. The Increased Investment Is Due to Updated Spend Estimates According to MGM’s announcement, which was made during its recent earnings […]
Industry
May 1, 2025
Macau: April GGR Exceeds Expectations But Remains Lower Than in March
Macau’s revenue for April has run ahead of expectations in the wake of a suboptimal start to the year. The results for the month followed suboptimal performance in March, which sparked certain concerns about the future of local gaming. The April Results Exceeded Expectations In April, Macau’s casinos generated total gross gaming revenue of […]
Industry
April 28, 2025
Macau May Cut Ties with US Concessionaires if US-China Relation Worsens
Fitch Ratings predicts possible headwinds for the three US-based Macau concessionaires due to the economic shifts. In an unlikely but possible worst-case scenario, Macau might decide to end its relationship with the three companies, Fitch experts suggested. Fitch Emphasized That the Worst-Case Scenario is Still Unlikely The three US-based Macau concessionaires include Las Vegas Sands, […]
Industry
April 25, 2025
Sri Lanka Takes Decisive Step Toward Gambling Regulation
Sri Lanka is pushing for a landmark policy shift as the Cabinet of Ministers approved a draft bill to establish the country’s first comprehensive gambling regulatory framework. Lawmakers hope the new authority will help curb the proliferation of black market operators, usher in enhanced consumer protections, and ensure the nation receives adequate financial contributions from […]
Business
April 25, 2025
Bloomberry to Double Down on iGaming in the Wake of Mixed 2024
Bloomberry Resorts, a Philippine casino operator, has unveiled plans for iGaming growth via a new digital platform. Outlined in the company’s annual report and confirmed during the recent shareholders’ meeting, these plans will see the company capitalize on the rapid growth of online casino gaming in the country. Bloomberry Focuses on Online Casino Gaming […]
Industry
April 24, 2025
Macau Pressures Casinos to Step Up Non-Gaming Investment
As Macau’s post-COVID recovery delivers steady, rather than spectacular, financial results, local authorities continue to remind gaming concessionaires of their obligations to support diversification initiatives. Macau Secretary for Economy and Finance Tai Kin Ip has taken charge of these efforts, hoping to hasten the region’s evolution into a leading tourism destination. The Government Is Tightening […]
Casino
April 24, 2025
MGM Osaka Held Its Groundbreaking Ceremony
MGM Osaka, Japan’s inaugural integrated resort, has just hosted its groundbreaking ceremony. Despite the multiple delays, construction is currently underway, marking a monumental achievement for the casino industry. The Event Was Attended by the Osaka Governor The $8.9 billion resort is the brainchild of MGM Resorts International and its local partner, Orix Corp, which have […]
Industry
April 23, 2025
Sri Lanka Accepts Draft Bill to Regulate Gambling Sector
On April 21, Sri Lanka’s cabinet gave the green light to a draft bill aimed at creating a dedicated Gambling Regulation Authority, marking a step closer to creating a regulatory framework for the country’s gambling industry. Sri Lanka Is One Step Closer to Creating Governing Body Overseeing the Gambling Industry According to an official statement […]
Casino
April 22, 2025
Macau’s Most Lavish Hotel Seeks a Second Chance at Life
Once hailed as the crown jewel of ultra-luxury hospitality in Macau, The 13 Hotel and Casino has now been listed for sale for the second time, as creditors seek to offload the unrealized dream of what was once touted as “the world’s most luxurious casino resort.” While Macau’s enduring popularity as a regional gaming hub […]
Industry
April 18, 2025
Timor-Leste Issues Inaugural Offshore Gaming License to GRU
Timor-Leste, an Asian country comprising the eastern half of the Island of Timor, just issued its very first offshore gaming license. According to experts and industry stakeholders, the country can become a major licensing hub. Timor-Leste Hands Its First Offshore License Timor-Leste’s first gaming license was handed to Golden River Universe (GRU), a subsidiary of […]
