Macau gaming industry employs 71,400 people in 1Q24, up from previous quarter
Macau saw 71,400 people employed in the gaming and junket industry in the first quarter of 2024, an increase of around 4,000 from the previous quarter, according to information from the Statistics and Census Service (DSEC). The overall unemployment rate...
Read moreAristocrat unveils new “Aristocrat Interactive” segment after completing NeoGames acquisition
Aristocrat Leisure Limited announced early Friday morning that it has completed the acquisition of Luxemburg-based gaming platform provider NeoGames S.A. after satisfying all conditions and requirements for closing. In an ASX filing, Aristocrat revealed the acquisition was “overwhelmingly supported” by...
Victoria to develop new legislation to ensure Crown Melbourne continues on transformation path
The Victorian government said in a Friday statement that it will enact new laws aimed at ensuring Crown Melbourne continues to follow its Melbourne Transformation Plan, including increased penalties for non-compliance and greater powers to act against close associates. While...
Japan Credit Rating Agency affirms Konami’s A+ rating due to “high earning capacity”
Japan Credit Rating Agency Ltd has affirmed a Long-term Issuer Rating of A+ with a Stable outlook for Japanese gaming giant Konami Group Corporation, pointing to diverse earnings sources and “overall creditworthiness” of the group. In a Thursday update, the...
Asia now the major concern as suspicious betting alerts jump 65% globally in 1Q24
The number of suspicious betting alerts reported to authorities around the world climbed by 12% year-on-year and 65% sequentially to 56 in 1Q24, with Asia taking center stage as the home of suspicious activity, according to the International Betting Integrity...
Malaysian PM says reports of second casino license “a lie”
Malaysia’s Prime Minister Anwar Ibrahim has described reports the nation is considering issuing a second casino license as a “lie”. Anwar was asked about the issue by local media on Thursday following a Bloomberg report which claimed Malaysia may issue...
Second Malaysia casino license could negatively impact Genting Group, Marina Bay Sands
Singapore casinos Marina Bay Sands and Resorts World Sentosa stand to be “net losers” from a potential casino development in the southern Malaysian city of Johor, while the broader Genting Group may still face negative impact even if is the...
Galaxy unveils Capella at Galaxy Macau as newest hotel brand, to open mid-2025
Galaxy Entertainment Group has announced a partnership with leading hotel brand Capella Hotels and Resorts that will see Galaxy Macau become home to the first Capella property in The Greater Bay Area. Scheduled to open in mid-2025, Capella at Galaxy...