Month: November 2024
Macau’s Gaming Inspection and Coordination Bureau (DICJ) informed that the region’s casino industry generated gross gaming revenues of MOP$3.0 (US$374 million) in November to mark the industry’s 55.6% lower gross revenue in comparison with the same period last year. In November, Macau’s casino industry also experienced a 23.1% downfall in revenue levels to those seen in October.
Travel measures and restrictions:
At the beginning of November, China’s National Immigration Administration resumed electronic applications, or eVisas, for travels from the mainland to the Chinese Administrative Region of Macau under the Individual Visit Scheme. However, the measure did not support gaming in the region and provided a little po…
Read MoreOn July 20, the Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, revealed overnight that its rise in total profit by 35.6% in the first six months of 2023 to Php36.21 billion (US$663 million) was driven by a 48.7% rise in gross gaming income to Php136.37 billion (US$2.50 billion).
Profit for the first half of 2023 lower than pre-pandemic profit:
Although the regulator has yet to publicly reveal its results for the June 2023 quarter alone, it formerly reported first-quarter income of Php17.7 billion (US$324 million), showing second-quarter revenue reaching Php18.5 billion (US$339 million) across a number of operations. In this regard, the agency said: “Our revenues for the first half of 2023 were 6.7% lo…
Read MoreThe World Poker Tour (WPT) has announced that it will be partnering with Wynn Resorts Limited in order to bring its WPT World Championship extravaganza to the American casino operator’s Wynn Las Vegas property this December.
The Las Vegas-headquartered poker organizer used an official Monday press release to detail that its WPT World Championship is scheduled to run from December 1 to 20 and feature more than a dozen poker tournaments encompassing a trio of primary events in the Wynn Mystery Bounty, the Prime Championship and the World Championship.
Lucrative opportunity:
The WPT explained that the multi-tournament festival inside the 2,716-room Wynn Las Vegas is set to culminate with a $10,400 buy-in final featuring a history-making $…
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