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Macau’s six casino operators have committed a combined MOP9 billion (US$1.11 billion) to a local government-backed investment fund created to support the city’s economic diversification. The contributions from the casino firms will count towards their concession-related investment obligations, according to a Friday announcement.
The commitments form part of a Macau ...
There is “no clear near-term inflection point” in either Macau casino gross gaming revenue (GGR) or sector profitability, and investors might have underestimated the weakness in gaming demand. So suggested brokerage China International Capital Corporation Hong Kong Securities Ltd (CICC), in a research note.
The institution noted a divergence in Macau between rising ...
A boss at gaming equipment maker LT Game Ltd has told GGRAsia the firm hopes to add some “casual games” to its “House of Play” product.
This month LT Game received Macau regulatory approval on an expanded game library for House of Play, as well as for the firm’s electronic game product “Kam Pek Paradise”.
The approvals are from the city’s Gaming Inspection...
Buenas PH, a licensed online casino brand in the Philippines, has launched an initiative featuring digital creators and influencers that encourages the public to mix screen time with real-life sport and exercise.
The “creator-led sports and wellness campaign” began with a “Buenas Battle of the Streamers Pickleball Tournament”, organised in partnership with global iG...
South Korean casino resort operator Kangwon Land Inc has organised a fourth blood donation campaign this year, in cooperation with the Gangwon Blood Centre of the Korean Red Cross.
The initiative involved employees of Kangwon Land Inc, staff from partner companies, and local residents, according to a recent announcement. It aimed to bolster blood supplies for medica...