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Westpac to charge higher interest on gambling payments in NZ

Westpac Group has announced it will implement a higher interest rate on credit card gambling payments made to TAB, Lotto and other online gambling operators in New Zealand.

11/18/21

Casino operators optimistic about Macau’s future

The Macao Gaming Summit 2021 heard optimistic opinions about the Macau casino industry’s recovery after the Covid-19 pandemic.

11/18/21

SJM Holdings: Macau’s 2022 GGR could reach 60% of pre-pandemic levels

Benjamin Toh Hup Hock, chief financial officer (CFO) at SJM Holdings Ltd, has said Macau’s GGR could reach 60 per cent of pre-pandemic levels if the city eases travel restrictions with Hong Kong in the coming months.

11/17/21

Macau’s electronic gaming market will fully recover by 2025

Suppliers have said that Macau’s e-gaming market will not fully recover until at least 2023, and maybe not until 2025.

11/17/21

Macau casino operators report over 90% vaccination rates

Macau casino operators have reported that they have reached vaccination rates of over 90 per cent among staff.

11/17/21

SkyCity H1FY22 performance to be impacted by land-based closures

However, its igaming business has performed strongly during the first half of the financial year.

11/17/21

Macau continues negotiating with Mainland China on e-visas

Ho Iat Seng, Macau’s chief executive, has said the government is still negotiating with mainland China on resumption of the e-visa programme.

11/16/21

Malaysian casino industry to see economic rebound in Q4

Vincent Khoo, UOB Kay Hian Malaysia’s head of research, has said that gaming and casino companies will see a substantial recovery in earnings during the last quarter of the year.

11/16/21

Singapore launches a new travel bubble with Indonesia

Authorities in Singapore have announced a travel bubble with Indonesia will be launched from November 29 for fully vaccinated travellers.

11/16/21

Macau’s Chief Executive gave no details about casino licences renewal

Ho Iat Seng, Macau’s chief executive, was asked about the possibility of a renewal of Macau’s six gaming concessions but gave a noncommittal answer.

11/15/21

Macau’s inbound-tourist daily tally continues recovering in November

Macau received 30,105 visitors on November 12 and a daily average rate of 25,433 visitors between November 5 and November 11.

11/15/21

Macau casinos praised for their fight against gaming-related crimes

The Gaming Inspection and Coordination Bureau (DICJ) has praised Macau’s casino operators’ efforts to comply with Covid-19 countermeasures and cooperation to fight against gaming-related crimes.

11/15/21

Melco expects to launch Studio City Phase II by December 2022

Macau casino operator Melco Resorts & Entertainment hopes to launch Studio City casino resort’s Phase II before December 27, 2022.

11/12/21

Galaxy chairman welcomes proposed changes to Macau gaming laws

Dr Lui Che Woo, Galaxy Entertainment Group’s chairman, said the revision would help secure the long-term viability of the sector.

11/11/21

Marina Bay Sands aims to attract Australian tourists

Marina Bay Sands has launched two package deals to attract Australian tourists after authorities announced a travel bubble with the former country.

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Check the latest Business news

Westpac to charge higher interest on gambling payments in NZ

Casino operators optimistic about Macau’s future

SJM Holdings: Macau’s 2022 GGR could reach 60% of pre-pandemic levels

Macau’s electronic gaming market will fully recover by 2025

Macau casino operators report over 90% vaccination rates

SkyCity H1FY22 performance to be impacted by land-based closures

Macau continues negotiating with Mainland China on e-visas

Malaysian casino industry to see economic rebound in Q4

Singapore launches a new travel bubble with Indonesia

Macau’s Chief Executive gave no details about casino licences renewal

Macau’s inbound-tourist daily tally continues recovering in November

Macau casinos praised for their fight against gaming-related crimes

Melco expects to launch Studio City Phase II by December 2022

Galaxy chairman welcomes proposed changes to Macau gaming laws

Marina Bay Sands aims to attract Australian tourists

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