Macau Stocks Plummet on Covid Surge

Macau gaming stocks have taken another gut punch, losing a combined $4.4 billion, or a combined 8.7 percent of their value, due to a recent rise in Covid cases....

Published March 21, 2022

LVS Ponders Asian Expansion

Rob Goldstein (l.), CEO of the Las Vegas Sands Corp. has revealed that the operator is in discussions with officials of a “top-tier” Asian country about building a major...

Published March 21, 2022

Call to End Online Cockfighting in Philippines

A tremendously popular pastime in the Philippines is associated with the disappearance of 34 persons. Several senators have called for the suspension of eSabong by the regulator of the...

Published March 14, 2022

Vietnam to Develop Two More Locals Casinos

In 2017, Vietnam proposed a pilot program to designate two casinos for locals. One opened, the Corona Resort & Casino (l.), and the other has yet to open. The...

Published March 14, 2022

More Arrests at Cambodian Casino Protest

Last week, 180 striking casino workers were arrested outside NagaWorld in Phnom Penh,. The workers, who began protesting in December, have demanded better wages and the reinstatement of other...

Published March 14, 2022

Cambodia, Philippines Still on FATF Gray List

Cambodia and the Philippines remain on the Financial Action Task Force’s “gray list.” According to FATF, gray-listed jurisdictions have been found deficient in their efforts to fight money laundering...

Published March 14, 2022

City of Dreams Manila at Full Capacity

The City of Dreams (CoD) Manila (l.) is operating at full capacity now that most Covid restrictions have been lifted. That glad fact was reported by the CEO of...

Published March 7, 2022

S. Korea Casino Industry Struggles to Survive Covid

S. Korea Casino Industry Struggles to Survive Covid

Published March 7, 2022

Resorts World Manila Gets $152 Million from Alliance Global

Alliance Global Group will infuse $152 million into Travellers International Hotel Group to help it fulfill current financial obligations. Travellers operates Resorts World Manila (l.) in the Philippines.

Published March 7, 2022

MGM/Orix Agreement Includes ‘Escape Clause’

MGM/Orix Agreement Includes ‘Escape Clause’

Published March 7, 2022

Macau Extends Concession Deadline

The slow movement of the legislature considering the revised Macau gaming bill has caused Macau’s Secretary for Economy and Finance Lei Wai Nong (l.) to extend the June deadline...

Published March 7, 2022

Resorts World Sentosa Plans $287 Million Upgrade

Genting Singapore will renovate three hotels at Resorts World Sentosa (l.) during the second quarter of 2022. It’s part of a $287 million reinvestment in the property planned for...

Published February 28, 2022

MGM Signs Osaka IR Agreement

Last week, MGM Resorts Japan announced that it has signed a basic agreement with Osaka as part of its plan to develop an integrated resort (l.) on Yumeshima Island....

Published February 28, 2022

In Macau Casinos, Foreign Employment Down One-Third

In yet another casualty of the Covid-19 pandemic, non-resident employment in Macau casinos has fallen almost 33 percent. More than 11,000 foreign workers have left their jobs since 2019.

Published February 28, 2022

Galaxy Macau Phase 3: Close to Complete, Not Ready to Open

Last week, Galaxy Entertainment announced that construction of its Galaxy Macau expansion, Phase 3 (l.), is nearly complete, but the opening depends on market conditions, based in part on...

Published February 28, 2022

Human Rights Group Decries Cambodian NagaWorld Arrests

The watchdog group Human Rights Watch has blasted Cambodia’s government for using Covid-19 public health measures as a pretext to arrest striking employees of the NagaWorld casino.

Published February 21, 2022

Construction Delayed on Incheon Resort

Hong Kong-listed Guangzhou R&F Properties has asked the Korean government to extend the construction deadline of its Midan City Resort Complex development (l.) by two years, until March 2024.

Published February 21, 2022

Macau Judge: AAEC Has Not Proven LVS Case

A Macau judge has ruled that Asian American Entertainment Corp. did not prove it had an official agreement to partner with the Las Vegas Sands Corp. on a Macau...

Published February 21, 2022

Singapore Gets Tough on Underage Gambling, Proxies

Singapore's new Gambling Control Bill takes aim at adults who gamble with underage people or place proxy bets on their behalf. The crimes are punishable by up to six...

Published February 21, 2022

Will POGOs Return to Manila?

It's been almost two years since Philippine Offshore Gaming Operations, or POGOs, fled Manila in search of more business-friendly markets. Now there are indications the iGaming industry may be...

Published February 21, 2022