Short term pain: Maybank IB slashes 2024 Genting Malaysia forecast on temporary casino closures at Resorts World Genting
Maybank Investment bank has cut its 2024 earnings forecasts for Genting Malaysia by 15% on expectations that the company’s mass gaming revenues will take a hit following the recent closure for renovations of two gaming floors at the company’s flagship...
Read moreMacau industry reps insist foreigner-only gaming zones have failed
Dedicated foreigner-only gaming zones were launched in Macau’s casinos in early 2023 following a directive from the SAR Government, but their effectiveness has been questioned with industry representatives describing them as a “failure”. They have also noted that chip tracking...
Vietnam’s pilot casino in Phu Quoc said to be accumulating losses as locals visitation remains subdued
A pilot casino program under which Vietnamese locals are permitted to gamble continues to run at a loss, with the proportion of local players falling significantly since the nation’s international borders reopened. According to local media outlet VietnamNet, the Ministry...
Citi: Macau premium mass table utilization improved in March
The utilization of premium mass gaming tables across Macau’s casinos is improving as operators continue to improve their cost management, according to Citigroup. In their monthly research note outlining trends in the premium mass segment, analysts George Choi and Ryan...
Marina Bay Sands bans tour groups from gathering on property
Singapore integrated resort Marina Bay Sands has introduced new guidelines essentially banning large tour groups from gathering on the property. In an advisory published over the weekend, MBS said the use of handheld signage, flags and portable microphones for large...
PAGCOR Chairman and CEO Alejandro Tengco to attend Manila After Dark at Okada Manila this Wednesday 20 March 2024
PAGCOR Chairman and CEO Alejandro Tengco will be the Guest of Honor at Okada Manila this Wednesday 20 March when Inside Asian Gaming hosts the latest edition of Manila After Dark (MAD 22). Mr Tengco will be joined by PAGCOR...
Chinese embassy issues advisory warning citizens against gambling in Singapore’s casinos
China’s embassy in Singapore has issued an advisory against its citizens gambling in the sovereign state’s casinos, warning such activity may violate Chinese law. In a statement issued Monday, and first reported by Reuters, the embassy said it “solemnly reminds”...
IAG announces “The Industry Party” (TIP) networking event at Vista at MGM Cotai on Wednesday 5 June evening during G2E Asia Macau
Inside Asian Gaming is pleased to announce the return of industry networking event, “The Industry Party”, also simply known as TIP, to be held from 6pm on 5 June 2024, the Wednesday evening of G2E Asia in Macau. “The Industry Party” will be held...