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Desmond Lam

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LATEST ARTICLES FROM AUTHOR

Macau

Desmond Lam: Hopes high for Year of the Ox

Desmond Lam - December 18, 2020

Macau

Re-imagining Macau for a diversified future

Desmond Lam - October 28, 2020

LATEST NEWS

Australia

Endeavour says frontline pub staff face growing AML and gaming harm burden

Frank Schuengel - March 13, 2026

Australia’s pub and club sector is confronting a complex mix of money laundering, social media-driven gambling trends and frontline safety challenges, says Endeavour Group's compliance manager.

Japan

MGM Resorts CEO: “I’m betting my career” on Japan

Kelsey Wilhelm - March 13, 2026

MGM Resorts' CEO says that he's betting his career on Japan, with the group anticipating it will be the "most successful integrated resort since Marina Bay Sands".

Macau

MGM Resorts CEO: “it’s a dog fight” for market share in Macau, pushing hard into premium

Kelsey Wilhelm - March 13, 2026

MGM Resorts' CEO says that the extremely competitive market in Macau means that “it’s a dog fight” for market share.

UAE

MGM Resorts: non-gaming investment in Dubai a “platform for a casino someday”

Kelsey Wilhelm - March 13, 2026

MGM Resorts CEO Bill Hornbuckle says that its luxury non-gaming beachfront resort in Dubai is “a platform for a casino someday”.

Elsewhere

AGEM announces new board of directors, expanded membership

Kelsey Wilhelm - March 13, 2026

The Association of Gaming Equipment Manufacturers has elected a new Board of Directors and approved membership applications of three new companies.

Macau

Macau gaming regulator to adjust scope of operators’ non-gaming investments

Viviana Chan - March 13, 2026

Macau’s gaming regulator will fine-tune casino operators’ non-gaming investment scope this year to better support economic diversification goals.

Macau

Success Universe expecting FY25 loss of up to $52.4M after Ponte 16 casino closure

Kelsey Wilhelm - March 12, 2026

The operator of Macau's Ponte 16 hotel is expecting a FY25 loss of up to $52.4 million, after the closure of its casino on the property last year.

Vietnam

Vietnam tourism growth deceleration in 2M26 in line with expectations: economist

Kelsey Wilhelm - March 12, 2026

South Korea overtook China as Vietnam's main tourism source market in 2M26, despite an expected slowdown in tourism growth figures.

South Korea

Kangwon Land employee dies after collapsing inside casino workplace

Viviana Chan - March 12, 2026

Kangwon Land reported that an employee collapsed while working inside the casino and later died, with officials expected to investigate the cause.

Cambodia

Cambodia proposes anti-scam law with 30-year jail terms, local leader liability

Viviana Chan - March 12, 2026

Cambodia moves to introduce anti-scam legislation with penalties of up to 30 years in prison and $500K fines, warning local leaders could face consequences if fraud continues.

South Korea

Jeju Dream Tower operator Lotte Tour announces $75M dividend plan

Viviana Chan - March 12, 2026

Lotte Tour plans a $75 million dividend distribution, following strong revenue growth at its Jeju Dream Tower integrated resort in 2025.

Macau

Asia Pioneer Entertainment expecting profit of $958K for FY25

Kelsey Wilhelm - March 12, 2026

Asia Pioneer Entertainment has issued a positive profit alert, expecting $958K for FY25, amongst $8.4 million in revenue.

UAE

Construction resumes on Wynn Al Marjan Island despite ongoing Middle East conflict

Kelsey Wilhelm - March 12, 2026

Wynn Resorts indicated that ‘project construction has resumed’ on its Wynn Al Marjan Island integrated resort ‘following a short pause’ due to the conflict in the Middle East.

Macau

Macau gaming tax revenue climbs 7.63% to $11.9B in 2025

Viviana Chan - March 11, 2026

Macau gaming tax rose 7.63% in 2025 to $11.9 billion, accounting for 82.7 percent of government revenue.

Macau

Wynn Macau reportedly seeks $605K from Chinese film producer in Hong Kong court claim

Viviana Chan - March 11, 2026

Hong Kong High Court claim reportedly filed by Wynn Macau seeks recovery of $605K from Chinese film producer.

Macau

Morningstar reduces SJM forecasts, citing slower path to profitability

Viviana Chan - March 11, 2026

Morningstar cuts SJM estimates after weaker quarterly results, saying rebuilding market share and redeploying gaming assets will take time.

Australia

Ainsworth heir seeks to acquire 5.5% of AGT through proportional takeover bid

Viviana Chan - March 11, 2026

Ainsworth heir Kjerulf Ainsworth proposes proportional takeover bid to acquire 5.5% of AGT shares at a roughly 23% premium to market levels.

Australia

AUSTRAC chief calls for stronger leadership on AML as reforms loom

Frank Schuengel - March 11, 2026

Australia's AML/CTF regulator is warning that compliance weaknesses continue to be exploited, as the country prepares to update obligations starting end-March.

Elsewhere

TransAct casino and gaming sales reach $26.87M in FY25

Kelsey Wilhelm - March 11, 2026

TransAct sees casino and gaming sales hit $26.87 million in FY25 but still registers $1.2 million loss.

Elsewhere

AGEM Index down by 10.7% monthly in February

Kelsey Wilhelm - March 11, 2026

The Association of Gaming Equipment Manufacturers (AGEM) Index fell by 10.7 percent in February compared with the prior month, dropping 8.9 percent year-on-year.