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

Executive Shakeup at Newport Philippines

In a surprise exit June 1, top executives at Newport World Resorts in Manila followed retiring CEO Kingson Sian out the door. On the same day, COO Hakan Dagtas...

Published June 10, 2024

Macau Survey: Premium Mass a Hedge Against Soft Economy

A CSLA survey says 78 percent of Chinese premium mass gamblers plan to visit Macau at least twice over the next year, up from 57 percent in 2019. The...

Published June 3, 2024

Wong: Loan Sharks More Organized in Macau

Illegal money exchange operators who frequent Macau casinos are becoming more sophisticated and organized, and also moving into loan sharking, says Secretary for Security Wong Sio Chak.

Published June 3, 2024

Koreans Top the List of Foreign Visitors to Macau

More than 192,000 South Koreans have visited Macau so far this year, putting them at the top of the list of international visitors. That figure could grow this year,...

Published June 3, 2024

Report: Japanese Youth at Greater Risk for iGaming Addiction

A Japanese group called the Society Concerned about Gambling Addiction warns that young people are visiting illegal online gaming sites in record numbers. It says patronage grew during the...

Published June 3, 2024

Philippine Senator Files Bill to Outlaw POGOs

A longtime foe of Philippine offshore gaming operations has filed a bill that would ban the businesses outright. Legislation proposed by Senator Sherwin Gatchalian (l.) would repeal the law...

Published June 3, 2024

Philippine Mayor Bars City Staff from Patronizing Solaire North

Quezon City Mayor Josefina Belmonte (l.) has banned 19,000 QC employees from entering the casino at the new Solaire Resort North, developed in the area by Enrique Razon’s Bloomberry...

Published May 27, 2024

Macau CE: Gaming No Longer Dominant in GDP

Macau Chief Executive Ho Iat Seng (l.) says the SAR’s casino industry contributed less than 40 percent of gross domestic product in 2023, indicating that gaming is no longer...

Published May 27, 2024

Genting’s Lim: Malaysian Operator Looking at UAE, Thailand

Lim Kok Thay (l.), chairman of Malaysian casino operator Genting, has acknowledged that the company is interested in development opportunities in the United Arab Emirates and Thailand.

Published May 27, 2024