Three Macau concessionaires hold job fairs for displaced satellite casino employees
At least three of Macau’s concessionaires have launched job fairs that include efforts to hire workers set to be displaced by the cessation of the satellite casino industry, according to advertisements posted on online job recruitment platforms. The three concessionaires...
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Macquarie forecast for Light & Wonder falls just shy of US$2 billion 2028 EBITDA target
Macquarie analysts are forecasting that Light & Wonder will achieve Adjusted EBITDA of US$1.94 billion by 2028, falling just short of the company’s recently declared US$2 billion EBITDA target — but with room for growth following the recent acquisition of...
Tabcorp fined AU$4 million for spamming VIP customers
The Australian Communications and Media Authority (ACMA) has fined racing and wagering giant Tabcorp just over AU$4 million (US$2.6 million) for spamming its VIP customers. According to information from the regulator, Tabcorp sent more than 5,700 marketing messages to customers...
Five Middle Eastern countries granted visa-free entry to Macau from next month
Macau’s Chief Executive has issued a directive stating that citizens of five Middle Eastern countries, including Saudi Arabia and Qatar, will be able to enter Macau without a visa, starting from next month. The directive from Sam Hou Fai states...
Cambodia’s Star Vegas reports 62% fall in casino headcount after Thailand imposes border restrictions
Southeast Asian casino operator Donaco International Limited has revealed a 62% reduction in head count and a 42% fall in hotel occupancy at its Star Vegas casino in Poipet, Cambodia due to the implementation of border restrictions by Thailand. The...
Ainsworth says ASX market announcement on allegations against CEO Neumann were unnecessary
Australian supplier Ainsworth Game Technology (AGT) says it did not feel obliged to inform the market of bribery allegations aired against its CEO, Harald Neumann, by media outlets in his home nation of Austria prior to his appointment because those...
Fitch: SJM’s credit profile should see little impact from satellite casino closures
A plan by Macau’s SJM Resorts to shutter the majority of its satellite casinos while potentially buying up two of them is unlikely to significantly impact the company’s credit profile, according to Fitch. The Ratings Agency said in a note...
Macau Chief Executive not expecting satellite casino closures to impact city’s GDP
Macau Chief Executive, Sam Hou Fai, believes the closure of satellite casinos should not have much impact on the city’s GDP because Macau’s gaming concessionaires will shoulder their responsibilities. The Macau government and related concessionaires announced last week that the...
