ASIA IN FOCUS

Marcos announces POGO ban, LET mulls potential Tigre de Cristal sale, Crown announces leadership roles, Macau promotes tourism and more.

Published July 27, 2024

ASIA IN FOCUS

Macau GGR could miss forecasts, Bamban mayor nowhere to be found, SkyCity Auckland to close temporarily later this year and more.

Published July 20, 2024

Asia in Focus

Downfall of Macau junkets, patience for McCann and Star Entertainment, hopes for Thailand IRs and more.

Published July 13, 2024

Will IPI Finally Unload Saipan Casino?

Embattled Saipan casino operator Imperial Pacific International may at last be ready to put its Garapan casino resort (l.) on the block. IPI has informed the U.S. District Court...

Published July 8, 2024

Singapore to Enact Stricter AML Measures

In light of fresh concerns about money laundering, Singapore casinos will soon begin conducting financial due diligence on all cash deposits exceeding SG$4,000. The current threshold is SG$5,000.

Published July 8, 2024

Thailand PM Talks Benefits of Casinos

In his first televised public address, Thai Prime Minister Srettha Thavisin (l.) talked up integrated resorts with casinos as a way to curtail illicit gambling in the country. An...

Published July 1, 2024

Dennis Uy: Philippine Casino Sale to Close in July

Billionaire Dennis Uy’s PH Resorts Group Holdings Inc. says a sale of the unfinished Emerald Bay Resort (l.) in Cebu, Philippines has not collapsed, but will close as planned...

Published July 1, 2024

Macau Gaming Slowing, but Stable

A new study from Macau’s Center for Gaming and Tourism Studies says the world’s premier gaming hub may not return to its pre-Covid dominance due to many factors, including...

Published July 1, 2024

Macau Study Ties High Minimum Wagers to Gambling Debt

Macau gamblers could be racking up unsustainable debt because of higher minimum wagers at table games. A new study says more than 30 percent of callers to problem gambling...

Published June 24, 2024

Genting Exec: RWG Casinos Closed Only for Renovation

At a recent shareholder meeting, Genting Malaysia Berhad President and COO Tan Kong Han said closures at two casinos in Genting Highlands are temporary, and don’t mean trouble in...

Published June 24, 2024

Philippine Junket Shuts Down, Insists Move Is ‘Temporary’

Dowinn Group, a Philippines-based casino junket, suspended operations last week in what a spokesperson called an “emergency temporary” measure. But insiders claim the business has “collapsed.”

Published June 24, 2024

More Casinos in the Philippines? Tengco Says Yes

Alejandro Tengco (l.), the head of the Philippine Gaming and Amusement Corp. says there are enough integrated resort complexes in Metro Manila, but the industry could grow outside the...

Published June 24, 2024

Thai Casino Report Due by July 20

Thailand’s finance ministry will submit its report on legal casinos to the cabinet by the end of July. The study will look at the economic, social and cultural effects...

Published June 24, 2024

Philippine Officials Pledge to Shut Down Illegal POGOs

The Philippines gaming regulator says up to 300 unlicensed offshore gambling operators may be doing business in the country, with some involved in criminal activities. Officials are strengthening efforts...

Published June 24, 2024

Minority Investor Buys Controlling Stake in Korean Casino

An investor in MegaLuck Company Ltd., operator of MegaLuck Casino (l.) in South Korea, has acquired a majority stake in the company from New Silkroad Culturaltainment. Yu Cheng Kuo...

Published June 17, 2024

Macau Cracking Down on Casino Freebies?

The Macau government reportedly has asked casino concessionaires to stop offering perks like free food and drink to their customers. Why? The practice is supposedly taking a bite out...

Published June 17, 2024

Thai PM Pushes Ministry to Finish Casino Study

Prime Minister Srettha Thavisin of Thailand is pressing Deputy Finance Minister Julapun Amornvivat to complete a study on legal casinos, with a possible goal of getting an industry up...

Published June 17, 2024

Alliance Denies Potential Misconduct from Former Newport Execs

The abrupt exit of Newport World CEO Kingson Sian, COO Hakan Dagtas and CFO Bernard Than have sparked rumors of “potential financial misconduct.” Parent company Alliance Global denies this.

Published June 17, 2024

In Cambodia, Low Gaming Taxes Bring Mass Players

Lower taxes on GGR attract more mass players to Cambodia, says gaming commission advisor Daniel Li. Mass revenues are taxed at 7 percent, versus about 35 percent in Vietnam...

Published June 10, 2024

UEC May Seek Damages from Former CEO

Japanese conglomerate Universal Entertainment Corp. could file suit against former director, president, CEO and CIO Jun Fujimoto, who allegedly breached his fiduciary duties in a $43 million money transfer....

Published June 10, 2024