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Fitch affirms Macau’s AA rating

Fitch Ratings forecasts a stable outlook amid the gaming sector’s ongoing recovery. Macau.- Fitch Ratings has maintained Macau’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at AA stable. […]

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MGTO to explore tourism promotion with Xi’an and Qingdao

The Macao Government Tourism Office plans to introduce discounted travel packages. Macau.- The Macao Government Tourism Office (MGTO) has announced that it hopes to work […]

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Thailand: 18 arrested for alleged illegal online gambling

18 Vietnamese nationals were arrested in Bangkok. Thailand.- Immigration police have arrested 18 Vietnamese nationals in Bangkok for alleged involvement in operating online gambling websites […]

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Genting Singapore Q4 results below expectations

Analysts at Morgan Stanley have cut 2024 estimates for net revenue. Singapore.- Genting Singapore has reported fourth-quarter results below analysts’ consensus. EBITDA was US$241m, lower […]

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Morgan Stanley lowers Macau GGR forecast for March

Morgan Stanley says Macau casino revenue fell short of expectations in February. Macau.- Morgan Stanley has revised downwards its forecast for Macau’s casino revenue in March to […]

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AUSTRAC launches investigation into bet365

Australia’s financial crime watchdog launched an investigation to probe its compliance with anti-money laundering laws. Australia.- The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched an […]

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IMF expects Macau GDP to rise 13.9% in 2024

The International Monetary Fund expects a continued recovery in gaming. Macau.- The International Monetary Fund (IMF) has forecast a 13.9 per cent rise in Macau’s gross domestic […]

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Macau gaming workers pay rises by 6.8% in 2023

Average earnings reached MOP25,290 (US$3,138). Macau.- The Statistics and Census Service (DSEC) has reported that the average earnings of full-time employees in the Macau gaming industry in […]