Seaport: Proliferation of smart tables has driven Macau’s casinos to rekindle third-party agent model
The use of agents to bring players into Macau’s casinos is on the rise again, with the recent deployment of smart table technology across gaming floors allowing for greater transparency around who these agents are bringing to the table. Seaport...
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Macau Legend reports US$182 million loss in 1H25 as imminent cessation of satellite casino operations add to going concern uncertainties
Macau Legend Development Ltd, the owner and operator of satellite casino Legend Palace and its surrounding Macau Fisherman’s Wharf precinct, has detailed multiple uncertainties relating to its ability to continue as a going concern after reported a loss of HK$1.42...
South Korea’s gaming and tourism industries call for overhaul of regulatory framework amid rising regional competition
Representatives of South Korea’s tourism and casino industries have called for an overhaul of the country’s regulatory framework, arguing that integrated resorts with casino gaming must be fully utilized in order to boost international tourism. According to a report from...
LET Group and Summit Ascent report improved 1H25 performance on Tigre de Cristal upgrades, addition of export business in Russia
Summit Ascent Holdings and its parent company LET Group reported a 64.7% increase in revenue to HK$312.9 million (US$40.1 million) in the first six months of 2025, aided by the improved performance of their Russian integrated resort Tigre de Cristal...
Son of Star’s largest shareholder joins Star Entertainment Group board as non-executive director
Troubled Star Entertainment Group has announced the appointment of Bruce Mathieson Jr – the son of Australian pub baron and Star’s largest shareholder Bruce Mathieson – as a non-executive director of the company, subject to regulatory approvals. Mathieson Jr, currently...
Melco Resorts parent Melco International back in the black with US$45 million 1H25 profit
Melco’s Hong Kong-listed parent Melco International Development Ltd recorded a profit attributable to owners of the company of HK$350.8 million (US$45.0 million) for the six months to 30 June 2025, buoyed by the improved performance of its gaming and non-gaming...
SJM still in discussions over acquisition of Macau satellite casinos Ponte 16 and L’Arc
SJM Holdings is still in discussions over a possible acquisition of two Macau satellite casinos as it continues preparations for the cessation of the city’s satellite industry, management has confirmed. The update formed part of the company’s earnings call late...
Macau hotel occupancy rate reached 91% in July, up 1.9 percentage points year-on-year
Macau’s hotel occupancy rate surpassed the 90% threshold in July, reaching 91% for a year-on-year gain of 1.9 percentage points, according to information from the Statistics and Census Service. Benefiting from the summer holiday peak season, all tourism metrics in...
