MGM China Holdings has secured a new revolving credit facility worth up to HK$23.4bn (US$2.99bn), intended to refinance existing loans and provide support for working capital and general corporate purposes. Key points: – Facility carries a variable interest rate based on HIBOR plus a margin – Five-year maturity term agreed with participating lenders – Repayment…
Chief Executive calls for collaborative reform to widen tax base. Key points: – Monthly gaming revenue below MOP15bn (US$1.86bn) may trigger deficit. – Government recurrent spending forecast at MOP115bn. – Heavy reliance on casino tax heightens financial vulnerability. Macau Chief Executive Sam Hou Fai has cautioned that a drop in monthly gaming tax revenue below…
Former Perform Founder and DAZN Board Member to succeed Brian Mattingley in May 2025. Key points: Key points: – John Gleasure appointed as Non-executive Director and Chairman Elect at Playtech – John Gleasure appointed as Non-executive Director and Chairman Elect at Playtech – He will succeed Brian Mattingley following the company’s May 2025 annual general…
Former Aristocrat and Bally executive to lead commercial expansion across two key regional markets. Key points: Key points: – Mike Sands joins AG2 as SVP of Sales for North America and LatAm – Mike Sands joins AG2 as SVP of Sales for North America and LatAm – Sands previously held leadership positions at Aristocrat, Bally…
New agreement will supply RaceOdds technology and data services across 335,000 annual races. Key points: Key points: – BetMakers signs deal to deliver RaceOdds product to South African operator Hollywoodbets – BetMakers signs deal to deliver RaceOdds product to South African operator Hollywoodbets – The agreement includes access to official data services and Racelab content …
As part of its global commitment to detecting match-fixing, Sportradar will roll out its Universal Fraud Detection System across more CFB matches. Key points: – Sportradar will now monitor the integrity of all Brazilian national championships – This covers over 8,200 matches from both men’s and women’s leagues The Brazilian Football Confederation (CBF) has signed…
Ms Chan Swee Liang Carolina steps down; new appointments confirmed. Key points: – Ms Chan Swee Liang Carolina retires from the board and her committee roles – Mr Tan Wah Yeow named Lead Independent Director and NC Chair – Ms Wong Chien Chien joins three key committees Genting Singapore has made changes to the composition…
Sam Hou Fai urges concessionaires to take responsibility for staff and planning. Key points: – Government to manage end of satellite casino grace period in line with the law – Operators expected to safeguard employment and prepare contingency measures – Policy includes focus on non-gaming investment and expansion of tourism outreach Macau Chief Executive Sam…
Thai Panel’s first meeting scheduled for 23 April. Key points: – Senate panel to appoint leadership and confirm scope of study – Political concerns raised over committee chair selection – Pheu Thai denies the bill is focused solely on casino legalisation A special Senate committee formed to examine Thailand’s proposed entertainment complex bill will hold…
The acquisition aims to accelerate BMM Testlabs' growth and operational scale, with continued leadership from CEO Martin Storm and new investment in employee ownership and expansion initiatives. Key points: – BMM CEO Martin Storm retains significant ownership and will remain in his role – Deal includes plans for employee ownership and global expansion initiatives
