Macau government forecasts industry GGR to hit US$30 billion in 2025
The Macau SAR Government has announced its budget for 2025, with gross gaming revenues forecast to reach MOP$240 billion (US$29.9 billion) or an average of MOP$20 billion (US$2.5 billion) per month. The budget was the last to be delivered by...
Read moreFitch: Aristocrat likely to use funds from Plarium sale for reinvestment, material M&A rather than debt paydown
Proceeds from Aristocrat’s sale of mobile gaming business Plarium are likely to be used for material M&A, share buybacks or other reinvestment and not to pay down existing debt, according to ratings agency Fitch. After Aristocrat announced this week that...
Philippines licensed casinos show sequential GGR improvement in 3Q24
Philippines licensed casinos, including those in Manila’s Entertainment City and the regional hubs of Clark and Cebu, recorded combined gross gaming revenues of Php51.9 billion in the three months to 30 September 2024, down 2.3% year-on-year but 4.9% higher than...
New Zealand’s new Online Gambling Bill will see up to 15 licenses offered
A new Online Gambling Bill to be drafted in New Zealand will offer up to 15 licenses to operators in a bid to minimize the proliferation of illegal offshore gambling across the country. Internal Affairs Minister Brooke van Velden said...
Sportsbet revenues up 12% in 3Q24 in “encouraging” sign for business
Australia’s leading sports betting operator Sportsbet reported a 12% year-on-year increase in revenue to US$371 million, while average monthly players grew by 6%, in what the company described as an “encouraging performance” in the three months to 30 September 2024....
Filipino basketball star Chris Newsome becomes 1xBet ambassador
Global betting company 1xBet has signed a one-year cooperation agreement with Filipino basketball player Chris Newsome that will include promotions, various activities and more. Newsome began his professional career in 2015 as a member of Meralco Bolts and was named...
Citi: Thailand to surpass Singapore as third-largest gaming market in the world
A legalized casino industry in Thailand would make it the third largest gaming market in the world, and bigger than Singapore, according to a new research note from Citi. According to analysts George Choi, Preenapa Detchsri and Timothy Chau, Thailand...
Light & Wonder says replacement of Dragon Train units mostly complete as version 2.0 on the way
Leading gaming supplier Light & Wonder says it anticipates suffering some negative impact from the removal and replacement of the Dragon Train series during the current quarter but expects a “return to normal” in 2025. The company provided an update...