Alejandro H. Tengco, Chairman of PAGCOR, delivers keynote at 2024 SiGMA Asia Summit

In a packed auditorium filled with media and delegates, Alejandro H. Tengo, Chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), delivered a stirring keynote speech to open the 2024 Sigma Asia Summit taking place at the SMX Convention Centre in Manila.

GambleAware £49.5 M voluntary donations for 23/24

GambleAware received £49.5 million in voluntary donations for 2023/24, with £46.6 million from the largest four operators.

How three gamblers lost $24 million at Resorts World Las Vegas

Three gamblers found themselves in the spotlight for all the wrong reasons in Las Vegas. Damien LeForbes, Ryan Boyajian, and Matt Bowyer collectively lost almost $24 million at Resorts World Las Vegas, a staggering sum that has raised eyebrows and triggered investigations. LeForbes, who reportedly lost about $12.3 million during nearly 50 visits to Resorts World, also allegedly presented a bad check for $2.5 million to the casino. Boyajian, known for his appearances on the “Real Housewives of Orange County” TV show, lost approximately $3.7 million over 21 visits. Bowyer, a California-based bookmaker, reportedly lost $7.9 million between 2022 and 2023 during his 32 visits.

Malaysia’s rapidly growing gaming market

Southeast Asia’s iGaming market, encompassing online video gaming, has been on a steady rise. In 2022, the market value reached US $5.33 billion and is projected to grow to US $7.14 billion by 2026. Mobile games are the major contributor, accounting for approximately 70 percent of that revenue, followed by video games at 23 percent. Analysts predict that the shift to “hyper-casual gaming” will likely spur more growth in the mobile games market. This growth is further bolstered by increasing foreign investment, as exemplified by the new Sony PlayStation Studios in Malaysia.

Genting Malaysia sees strong growth in Q1 

Resorts World Genting achieved a 25 percent rise in revenue, reaching RM1.75 billion (€343.9 million). Meanwhile, Genting Malaysia Berhad saw its revenue climb by 21 percent to RM2.76 billion (€542.3 million). This positive shift reversed last year's first-quarter loss of RM45.4 million (€8.91 million), as the company reported a net profit of RM36.7 million (€7.2 million).

Mecca Bingo’s inaugural cross-channel slots tournament

Mecca Bingo recently marked a significant milestone by hosting its inaugural cross-channel slots tournament. The event took place at their club in Luton, Bedfordshire, and was proudly sponsored by Blueprint Gaming.

PAGCOR confident in achieving €5.3 billion Philippines’ GGR in 2024

The Philippine Amusement and Gaming Corporation (PAGCOR) is optimistic about the country's gaming industry. In an exclusive interview with SiGMA News, PAGCOR Chairman and CEO Alejandro Tengco said the agency is confident that the Philippines can achieve its target gross gaming revenue (GGR) of PHP336.38 billion (€5.3 billion) for 2024.

Gov’t data: Macau’s MICE industry records over €102M in Q1 2024  

In the first quarter of 2024, Macau's MICE (Meetings, Incentives, Conferences, and Exhibitions) sector achieved a remarkable milestone by generating MOP900 million (€102.9 million) in non-gaming revenue. This figure represents a more than 50 percent increase from the MOP600 million (€68.6 million) recorded during the same period in 2023. The substantial growth is largely attributed to the increased spending by MICE visitors.

Solaire Resort North opens; PAGCOR says new IR sets benchmark for the Philippines

The Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco commended Bloomberry Resorts Corporation for the inauguration of the Solaire Resort North. He declared the new luxury development as an "instant landmark destination" in Quezon City.

Fitch Ratings: Wynn Resorts’ IR project to boost Ras Al Khaimah’s economy 

A recent analysis by Fitch Ratings says the ongoing joint venture between Wynn Resorts and Ras Al Khaimah (RAK) is expected to significantly enhance the emirate's economic growth. The project, which involves the construction of the Middle East's first integrated resort on Al Marjan Island, is scheduled to open in early 2027 and is poised to attract substantial investment and tourism to the region.