Melco International Development Ltd, the parent company of Melco Resorts & Entertainment, has made significant executive changes, appointing Geoffrey Davis as Executive Director and also bringing Henry Ko Chun Fung onto the board. These moves come in the wake of fulfilling Hong Kong Stock Exchange requirements following the recent passing of a long-serving member of […]
Las Vegas is feeling the pinch lately, with casinos announcing layoffs and a noticeable dip in visitor numbers and hotel occupancy. The downward trend in gaming revenue continues, raising eyebrows about the city’s outlook for the rest of the year. Current Trends and Visitation The Las Vegas Convention and Visitors Authority has reported a 6.5% […]
Summary Melco Resorts & Entertainment has announced plans to close its only satellite casino, the Grand Dragon Casino, alongside three Mocha Clubs venues by the end of 2025. The decision comes as part of the company’s strategic development aligning with new Macau regulations set to take effect in January 2026, which affect satellite casinos operational […]
Summary The Macau government has announced that concessionaires must fully absorb all employees from currently operating satellite casinos, which will cease operations by the end of 2025. Secretary for Economy and Finance, Tai Kin Ip, emphasised the immediate need for concessionaires—SJM, Galaxy, and Melco—to integrate approximately 5,600 local employees into their workforce as these casinos […]
In a recent interview, Mark Stewart, Executive VP at Cordish Companies, discussed the coalition’s efforts to tackle online casino expansion, highlighting a change in sentiment among industry players and concerns over job losses and gambling accessibility. Source: Legal Sports Report Key Points There has been a notable lack of progress in US online casino legislation […]
New York’s online sportsbooks have smashed records, achieving an unprecedented gross gaming revenue of $248.9 million in May 2025. This figure not only surpasses January’s record of $247 million but also signifies a healthy growth trend in the state’s sports betting market. Source: Article URL Key Points New York’s mobile sportsbooks generated a record revenue […]
Summary At the Gaming in Holland Conference 2025, Arjan Blok, the CEO of Nederlandse Loterij, emphasised the alarming rise of illegal gambling in the Netherlands. He highlighted that a staggering half of the money wagered by Dutch players is now directed towards unregulated platforms, with the regulated market struggling to hold its ground. To combat […]
Melco Resorts & Entertainment has announced the closure of its Grand Dragon Casino and three Mocha Clubs by the end of 2025. This decision is part of a strategic move to align with the new regulations in Macau’s gaming landscape, which restrict satellite casino operations. Source: World Casino News Key Points Closure of Grand Dragon […]
The Corporate Sustainability Reporting Directive (CSRD) is reshaping corporate accountability in Europe, but guess what? It’s going to affect U.S. businesses too! With 2028 around the corner, American companies operating in Europe need to get their act together or risk serious penalties. Key Points CSRD will apply to over 50,000 companies, including many U.S.-based firms. […]
This article dives into the latest trends in cybersecurity and the upcoming inflation reports that could affect the market significantly. It offers insights on potential trades related to these economic factors and highlights the importance of staying ahead in the volatile financial landscape. Source: Original Article Key Points Current trends in cybersecurity promise substantial growth, […]
