Macau sees gaming revenue down by 50% in August, but shows early signs of recovery after worst-ever Covid outbreak

Macau’s gaming industry saw GGR drop by 50.7% year-on-year to MOP 2.19 billion ($271 million) in August, according to the latest data shared by the Gaming Inspection and Coordination Bureau…

Macau’s casino losses exceed $2B mark in H1 as they await bidding process; recovery not expected until 2023

The struggle for Macau’s casinos seems far from over. Macau’s 41 casino operators reported half-year losses of $2 billion, and total gaming revenue came in at $3.3 billion. The latest…

Gauselmann on Its Way to a Full Post-pandemic Recovery

German land-based slots operator The Gauselmann Group is on the road to recovery after the pandemic. The company recorded a revenue of €1.746 billion for the first half of this…

Novomatic: “The market recovery has been extraordinary, and far exceeded our expectations”

In an exclusive conversation with Yogonet, Fabián Grous, General Manager of OCTAVIAN de Argentina and NOVOMATIC Argentina, highlighted the recovery of the regional market after the shutdown imposed on the…

Credit Suisse: Macau Recovery Slower than Previously Estimated

Macau, the former global gambling Mecca, is facing a slow recovery if projections from Credit Suisse are to become true: the investment bank estimates gross gaming revenue in 2024 will…

PokerStars’ COVID Recovery Continues, Adds More Live Events

June 15, 2022 Tournament Schedules PokerStars has added more regional stops to its 2022 schedule as the tournament world’s post-COVID resurgence continues. PokerStars has added more stops to its 2022…

AGA’s CEO praises pre-departure Covid testing mandate lifting; warns “more can still be done” for industry recovery

After President Joe Biden administration’s announced the pre-departure testing COVID-19 requirements for international air travelers to the United States will be lifted on June 12, American Gaming Association (AGA)’s President…

Stars Casino Will Move to New Location as Recovery Continues

A casino in Tracy, California is moving to another location and facility as the industry is continuing to recover from the business restrictions imposed by the authorities in response to…

NagaCorp Exec Says China, Junkets Not Important to Recovery

NagaCorp, a beleaguered operator which posted $147 million in losses for its 2021 financial results this Wednesday, and has faced widespread protests in Cambodia against its decision to lay off…