Industry
November 12, 2021
The United States Warns Gambling Companies to Tread Lightly in Cambodia
Several US establishments, including the Department of State, the Department of Treasury, and the Department of Commerce, have warned US betting operators who target or consider targeting the Cambodian marked to be vigilant, amid concerns about the high rates of crime in Cambodia. The US Warns its Local Operators The three bodies emphasized that numerous […]
Sports
November 12, 2021
Chinese Gambler Apprehended after Defrauding Overseas Sportsbooks
Chinese police continue to put the crackdown on illegal gambling operations in the country. The latest news comes from Wenzhou Evening News, a local media outlet in the city of Wenzhou in the Zhejiang Province, home of nine million people and, apparently, one criminal organization that has been exploring a legal loophole to run sports […]
Casino
November 10, 2021
MGM and Orix Ready to Spend $10B on Osaka Integrated Resort
Japan’s Osaka prefecture has a favorite for a future casino complex developer as part of the integrated resort (IR) that will transform the country into one of the most important destinations in Asia for gambling. The consortium led by MGM Resorts, in collaboration with Orix Corporation, is proposing to invest $10 billion in building an […]
Casino
November 9, 2021
Illegal Casinos Keep Trafficking People in Cambodia
Lured on a false promise of a well-paid job, three Cambodian workers have been held captive by a human trafficker at an illegal casino site in Sihanoukville in the west of the country. The report, which comes from Radio Free Asia, depicts the latest in a series of disturbing incidents taking place in the no […]
Industry
November 9, 2021
November Starts Slowly for Macau’s Casinos as GGR Gains Little Ground
Macau daily casino gross gambling revenue (GGR), for the first week in November, was up 12% week-on-week. This was supported by significant recovery of visitor volume to the city. However, GGR was still “lighter than expected,” according to brokerage Sanford C. Bernstein Ltd on Monday. According to the firm, the average daily rate from November […]
Industry
November 8, 2021
Orix Opens Wallet to Get Osaka IR off the Ground
Orix Corp is one of the Japanese partners in MGM Resorts International’s Osaka integrated resort (IR) development. Each will own 40% of the scheme, with a group of companies from the Kansai region taking the remaining 20%. Hitomaro Yano, chief executive officer at Orix, stated late last week that the company’s initial investment in the […]
Industry
November 1, 2021
Macau GGR Down in October, But Improvement Expected
Macau’s gross gaming revenue (GGR) took another hit last month, one of many the casino hub has seen over the past two years. With the return of certain COVID-19 travel restrictions in the region toward the end of September, there was less traffic to feed Macau’s gaming facilities in October. As a result, GGR dropped […]
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 […]