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The President of Botswana affirms the economic contribution of the gambling industry, expecting to create over 2000 job opportunities.

The President of Botswana affirms the economic contribution of the gambling industry, expecting to create over 2000 job opportunities.

Botswana President Mokgweetsi Masisi recently stated during an inspection of the country's Gambling Authority that the gambling industry will create over 2,000 permanent jobs by the end of the next fiscal year, providing significant support for economic diversification and youth employment. The Pres

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Macau casino revenues rise in 2024 but remain below pre-pandemic levels

Macau casino revenues rise in 2024 but remain below pre-pandemic levels

Casino revenues in Macau surged by nearly a quarter in 2024, driven by post-pandemic recovery and a pivot toward mass-market gamblers. However, revenues fell short of pre-pandemic levels, underscoring the city's economic reliance on casinos and the need for diversification. The city’s gross gaming r

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China's Xi swears in new leader of casino hub Macau, telling the city to diversify economy

China's Xi swears in new leader of casino hub Macau, telling the city to diversify economy

MACAU (AP) — Chinese President Xi Jinping urged the casino hub of Macau to diversify its economy as he swore in the former Portuguese colony’s new government on Friday at an event marking the 25th anniversary of its handover to China.New Chief Executive Sam Hou Fai — Macau’s first leader born in mai

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Former judge Sam Hou Fai set to become Macau’s first mainland-born leader, eyes economic diversification

Former judge Sam Hou Fai set to become Macau’s first mainland-born leader, eyes economic diversification

Former top judge Sam Hou Fai is set to become Macau’s first mainland-born leader after being elected chief executive-designate in an uncontested vote. Sam secured 394 out of 398 votes from an election committee largely comprised of Beijing loyalists. He is expected to assume office in December as Ma

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At stake for casinos when former judge from mainland China takes Macau’s top job

At stake for casinos when former judge from mainland China takes Macau’s top job

Some 400 pro-establishment electors are set to approve the sole candidate for Macao’s chief executive job on Sunday, making him the Chinese casino hub’s first leader born in mainland China.It’s a break from the longtime practice of choosing locally-born leaders, usually from prominent business famil

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Macau lawmaker calls for greater oversight of casino social responsibility initiatives

Macau lawmaker calls for greater oversight of casino social responsibility initiatives

Leong Sun Iok, a lawmaker representing the Macau Federation of Trade Unions (FAOM), has called for increased oversight of social responsibility programs within the casino industry. During a recent press conference held to review the legislative work of FAOM's representatives, Leong highlighted the i

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The sole candidate for Macau’s leader pledges to diversify the casino city’s economy

The sole candidate for Macau’s leader pledges to diversify the casino city’s economy

HONG KONG (AP) — The sole candidate in the election for Macau’s next leader has pledged to diversify the economy of the Chinese casino city, a goal previously laid out by Beijing.Sam Hou-fai, the city’s former top judge, said at a news conference Saturday that the diversification is a key issue he m

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