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China will remain a key market for Asian gaming jurisdictions in the years to come, including those still emerging, an industry conference panel (pictured) heard on Tuesday, on the first day of the Global Gaming Expo (G2E) Asia 2023 Special Edition: Singapore.“The Chinese market is so huge that you can’t afford to ignore it,” said Walt Power, chief executive of Ho Tram Project Co Ltd, the promoter of The Grand Ho Tram Strip casino resort in Vietnam.The Chinese market “is not there yet” after nearly three years marked by the Covid-19 ... more

Macau’s mass-market casino gambling segment – including slot machine play – generated revenue of MOP42.52 billion (US$5.31 billion) in the third quarter of 2024, accounting for a 76.5-percent share of the MOP55.60-billion aggregate gross gaming revenue (GGR) in the period.Mass-market revenue for the three months to September 30 was down 1.4 percent sequentially, showed the data. The latest figure was nonetheless up 14.8 percent from a year earlier.Third-quarter revenue specifically from mass-market baccarat stood at nearly MOP34.09 b... more

Casino promoter Wynn Resorts Ltd is to host an investor day in early October that the investment community hopes will shed light on the progress of the firm’s under-construction United Arab Emirates (UAE) scheme. That is according to a Wednesday note from banking group JP Morgan. “The fact that management is willing to host a three-hour investor meeting could likely imply that regulations and licence issuance are imminent,” wrote analysts Joseph Greff, Samuel Nielsen, and Ryan Lambert. They were referring to the Wynn Al Marjan Isla... more