Philippine Police Round Up 41K for Illegal Gambling

The Philippine National Police have arrested around 41,000 people for illegal gambling since the start of the year, according to General Benjamin Acorda Jr. (l.).

Published June 19, 2023

Macau Legend to Sell Laos Casino

Macau Legend Development has announced plans to sell its Laos casino, Savan Legend, for $45 million. Japanese businessman Shundo Yoshinari will acquire the casino, pending regulatory approval.

Published June 19, 2023

Greater Investment for Westside Manila Casino

Investors in a Manila casino must come up with more than $340 million in cash equity to secure a new loan. The property is being built by Suntrust Resort...

Published June 19, 2023

Macau GGR Continues to Grow Post-Holidays

Gross gaming revenues in Macau have reached their “highest non-holiday levels” since the beginning of the Covid-19 pandemic, say analysts at JP Morgan. But those numbers are expected to...

Published June 19, 2023

Osaka Council Nods Next IR Steps

The Osaka City Council has formally approved a planned integrated resort with gaming on Yumeshima Island (l.). Not all were on board with the plan, which was approved by...

Published June 19, 2023

South Korea Launches Gaming Trade Group

South Korea, home of 17 casinos, has formed an industry trade group, the Association of Korea Gaming Tourism Professionals. Members convened May 30 with a goal to make the...

Published June 12, 2023

NagaWorld Expansion Delayed

NagaCorp, owner of Cambodian casino resort, NagaWorld, has announced it will delay the property’s Phase 3 expansion by as much as four years. The Hong Kong-listed firm is still...

Published June 12, 2023

Singapore Racetrack Set for Redevelopment

The Singapore Turf Club, which occupies almost 300 acres in the crowded city-state, will close sometime before March 2027, officials have confirmed. Reasons include a decline in racing and...

Published June 12, 2023

China Pressure Behind Myanmar Blackout

A Thai entity that exported electricity to Myanmar reportedly bowed to China by cutting power to two border cities that host casinos. The action was linked to China’s crackdown...

Published June 12, 2023

Macau GGR Slows Down

Macau’s casino industry followed five months of growth with a seasonal slowdown. June is typically a lackluster month for casinos in the Chinese enclave, which reaped $223 million in...

Published June 12, 2023

Junket Decline Immaterial to Singapore IR

Malaysian gaming giant Genting Bhd is unconcerned about the decline of VIP junkets in Macau. CEO Tan Hee Teck said the decline will have no ripple effect in Singapore,...

Published June 5, 2023

Philippine Police to Crack Down on Lax Enforcement

General Benjamin Acorda Jr. (l.), head of the Philippine National Police, says law enforcement officials who look the other way in the face of illegal gambling will face legal...

Published June 5, 2023

Interest Growing in PAGCOR Casinos

The Philippine gaming regulator plans to sell off its casinos sometime in 2025, says Chairman Alejandro Tengco. The Philippine Amusement and Gaming Corp. has been criticized for both owning...

Published June 5, 2023

Londoner Macao Targets International Tourists

With the opening of the Londoner Macao, Sands China has considerably expanded its presence on Macau’s Cotai Strip. The addition brings 6,000 new hotel rooms to host international travelers.

Published June 5, 2023

Nagasaki IR Hopes Fading

Investors who hoped to develop an integrated resort in Nagasaki face the dissolution of the plan, per an industry expert. Professor Toru Mihara says the consortium could fall apart...

Published June 5, 2023

Maybank: Koreans Buoy Philippines VIP Segment

Korean gamblers are the backbone of the Philippine VIP segment, according to a note from Maybank Securities. The number of visitors from Korea has reached 70 percent of pre-Covid...

Published May 29, 2023

PAGCOR Still Plans Casino Sale

The Philippine gaming regulator will divest of its casino assets by the end of 2024, says Chairman Alejandro Tengco. The Philippine Amusement and Gaming Corp. has been criticized for...

Published May 29, 2023

Macau GGR: May to Beat April

Gross gaming revenue in Macau was projected to reach $1.38 billion for the first three weeks of May, according to estimates from JP Morgan Securities. That’s an improvement on...

Published May 29, 2023

Grand Lisboa Palace to Fully Open This Year

SJM Holdings has indicated that its Grand Lisboa Palace resort should be fully operational by the end of the year, with almost 1,900 hotel rooms. GLP is located in...

Published May 22, 2023

PAGCOR Pays $35M to Philippine Treasury

The Philippines’ gaming regulator PAGCOR recently paid $34.8 million in cash to the country’s treasury. The funds represent its declared dividends for 2022.

Published May 22, 2023