Summary: Macau’s April 2025 gross gaming revenue (GGR) showed a modest 1.7% year-on-year increase but fell short of March’s figures, raising concerns about the pace of recovery. Analysts point to the slow recovery of the mass market and regulatory actions against illegal money exchange as contributing factors. The government acknowledges challenges and the need for…
Summary: PAGCOR reported a 23% year-on-year increase in net income for Q1 2025, reaching US$75.6 million, driven by strong performance in electronic games, licensed casinos, and efficient cost management. Total revenue increased by 11.2%, and contributions to nation-building rose by 21.5%. The positive results reflect PAGCOR’s commitment to responsible governance and fiscal discipline. The Philippine…
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Belle Corp Q1 2025: Casino Revenue Growth at City of Dreams Manila Drives Performance Summary Belle Corp, a key player in the Macau casino and sports betting Asia markets, reported a 7.8% year-on-year increase in casino revenue from its share of City of Dreams Manila, reaching PHP432.6 million (US$7.7 million) in Q1 2025. Total leasing…
Macau’s Secretary for Security, Wong Sio Chak, has declared the criminalization of unlicensed money exchange for gambling purposes “highly effective” in curbing illegal activities. Speaking at a Legislative Assembly plenary session on Friday, Wong noted a significant decline in touts soliciting such services since the law’s implementation. The session, addressing Macau’s 2025 Policy Address announced…
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