Fitch Ratings has revised its rating outlook for Macau from ‘Stable’ to ‘Negative’ due to the territory’s increased “mainland Chinese exposure.”
On October 28, 2017, Kinmen Island will hold a referendum in which the residents will be asked if they would support the establishment of casino-based tourism resorts on the island. Kinmen (also known as Quemoy) is a Taiwan-controlled island located off...
Gross gambling revenue for May in Macau jumped 23.7 percent, far exceeding analysts’ expectations, most likely due to continued strength in the VIP
Horse racing authorities are intent on closing the net on exchange CITIbet, but leading officials in the sport admit “there is no silver bullet” and say they will need government and law enforcement assistance.
Tigre de Cristal, Russia’s biggest casino, is focusing on its non-gaming attractions to boost revenue following lower-than-expected demand from locals for its casino offering. While the resort is primarily targeting visitors from Northern China for...
When Hong Kong‐listed Imperial Pacific said it would double its planned investment on Saipan, a tiny Pacific territory that forms part of the Commonwealth of Northern Mariana Islands, it’s fair to say eyebrows in the industry were raised.
As China’s outbound tourism market continues to balloon, a growing number of destinations are easing visa requirements to woo the mainland traveller, with casinos in those countries likely to be among the key beneficiaries. With research suggesting...
The challenges presented by Asia’s grey markets and consumer demands for quick-fix gambling solutions were among the key issues addressed at the iGaming Asia Congress in Macau last week. Experts provided views on topics ranging from the perennial lure...
Macau’s embattled junket operators have embarked on a public relations push following a series of scandals involving VIP promoters and ongoing concern about lack of transparency in the market. Senior figures tell AGB that the contribution of the junket...
The Star Entertainment Group, formerly known as Echo Entertainment Group, is undergoing a group-wide renaissance, reshaping its brand identity and revamping its properties to take advantage of a forecast surge in Asian tourism. Group CEO Matt Bekier says...
Chinese police have busted an underground banking network that handled $4.5 billion worth of illegal transactions at Agricultural Bank of China Ltd al
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