Macau’s government has shelved plans to build a second passenger terminal at Macau International Airport, citing the slow recovery of passenger traffic after the pandemic. Local parliamentarians Ikaiwa Wongkit Administration delivered a message from authorities at a press briefing on Monday after a closed session of a legislative council committee […]
Macau gaming tax revenue stands at US$6.4 billion by July
Macau’s government earned $51.62 billion ($6.43 billion) in fiscal revenues from taxes on games in the first seven months of 2024, according to the latest data released by the Macau Financial Services Bureau on Tuesday. So far this year, the total collection from these taxes has increased by 15.2% compared […]
Bloomberry Q2 Earnings, EBITDA Down Against High Cost, VIP Weakness
Philippines-listed Bloomberry Resorts Corp reported consolidated net income of just $1.34 billion ($23.7 million) in the three months to June 30, down 49.1% sequentially from $2.63 billion in the first quarter and down 61.1% year-over-year. The information was in a filing with the Philippine Stock Exchange on Wednesday. The company […]
Galaxy Ent Q2 EBITDA Growth, Median Profit of $563 Million
Macau casino operator Galaxy Entertainment Group Ltd. reported a profit of HK$4.39 billion ($563 million) in the first half of the year, up 51.8% from a year earlier. The company also announced an interim dividend of HK$0.50 per share due on Oct. 25. The information is in a filing with […]
Macao Players’ Reinvestment Stabilized: GEG Management
Executives at Macau casino operator Galaxy Entertainment Group said player reinvestment in the Macau market had “up” while “currently stabilising,” particularly at the top of the premium mass segment. Casino company executives made the comments during a conference call with investment analysts, according to a note from Seaport Research Partners […]
Macao Premium Mass Robust, #1 in GEG Market Share
Bank agency Citigroup said in a recent monthly survey that total premium bulk wages at Macau casinos increased sequentially in August from a year earlier, reflecting strong demand from mainland Chinese companies. The bank also indicated that Galaxy Entertainment Group (GEG) had taken the market share lead among six Macau […]
Melco Resorts Spends Nearly $45M On Share Buyback
U.S.-listed casino group Melco Resorts & Entertainment Ltd purchased less than 8.34 million shares of its own stock on the open market before paying a total of about $44.5 million. The information was disclosed in a filing on Monday by Hong Kong-listed parent company Melco International Development Ltd. 바카라사이트 추천 […]
Ador’s Min asserts she has never violated shareholders’ agreement
Min Hee-jin, the former CEO of K-pop label Ador, reiterated Thursday her opposition to her removal from the position by the company’s board, insisting that her shareholders’ agreement with parent company HYBE, which guarantees her term, remains valid. Ador’s board of directors removed Min from her role as CEO on […]
Supreme Court upholds life sentence for convict in rape-murder case
The Supreme Court on Thursday upheld life imprisonment for the convict in last year’s attempted rape and murder of a woman on a hiking trail in southern Seoul. Choi Yun-jong, 30, was indicted on charges of fatally beating, throttling and attempting to rape the victim he randomly picked on a […]
Korea to seek tougher punishment for deepfake sex crimes, ‘hotline’ with Telegram
The government and the ruling People Power Party (PPP) agreed Thursday to strengthen measures against deepfake sex crimes after a series of such pornography targeting young women on a messaging app sparked public outrage. During an emergency meeting at the National Assembly, the two sides also agreed to push for […]