Bailout for Silver Heritage Moves Ahead

Financial regulators in Australia have cleared a Philippines group to acquire 92 percent of Silver Heritage’s ASX-listed shares and fold them into a new company. The Asia-facing casino operator...

Published November 16, 2020

Macau Gaming Employees Worry About Jobs

A new poll indicated 60 percent of Macau gaming employees have been forced to take unpaid leave due to Covid-19. And about 80 percent said they're concerned they could...

Published November 16, 2020

India Grapples with Rise of Gambling

As India deals with potential harms from gambling, especially the online variety, factions on each side dig in their heels. Gaming operators say a crackdown would send people to...

Published November 16, 2020

Genting HK Sells 50 Percent of Planned Macau Hotel

Genting Hong Kong sold half of its interest in Resorts World @ Macau (l.), which will bring in badly needed cash, and more sales of non-core assets could be...

Published November 16, 2020

Issues Confound Imperial Pacific International

Imperial Pacific International faces numerous issues besides being closed since mid-March due to Covid-19. A third-party investment of $5.59 million has raised concerns at the Commonwealth Casino Commission in...

Published November 16, 2020

Singapore, Hong Kong Ready To Float Travel ‘Bubble’

Hong Kong (l.) and Singapore have reached an accord to reopen to each other’s tourists. The first planes are scheduled to start flying on a limited basis later this...

Published November 16, 2020

Goa Offshore Casinos Licenses Renewed

The Corporation of the City Panaji, Goa, recently voted to renew the licenses of six offshore casinos operating in River Mandovi, including the Deltin Caravela (l.). A year ago...

Published November 16, 2020

Referendum Could Stall Yokohama’s IR Bid

A petition to place Yokohama’s casino plans on the ballot has collected more than double the number of required signatures. If it gets to that stage, and it’s voted...

Published November 16, 2020

China to End Some Lottery, Virtual Sports Betting

The People’s Republic of China announced that it will delist so-called “high-frequency” lottery products and virtual sports betting, placing new challenges on lottery operators.

Published November 9, 2020

CNMI files tax lien notice against IPI

Saipan’s CNMI Division of Revenue and Taxation collection branch has filed another tax lien notice against Imperial Pacific International LLC in Superior Court and the District Court for the...

Published November 9, 2020

Tigre De Cristal Phase II Moves Forward

Suncity Group Holdings Limited of Hong Kong will invest $200 million in Phase II of the casino resort Tigre de Cristal near Vladivostok, Russia, according to Stylianos Tsifetakis (l.)....

Published November 9, 2020

Fifth License Slated for Manila’s Entertainment City

Hotel chain Waterfront Philippines has been seeking the license since 2008 and finally has won a Supreme Court ruling ordering PAGCOR to award it. The proposed resort, Grand Waterfront...

Published November 9, 2020

Goa Casino Operators Concerned with Reopening Plans

Casino operators in Goa, including the owner of the Deltin Royale (l.), voiced concerns about reopening their properties given the diminished number of visitors and the restrictions required to...

Published November 9, 2020

Grand Lisboa Palace Back on Hold

SJM, the only Macau operator without a resort on Cotai, won’t have one for at least a little while longer. Grand Lisboa Palace (l.) was expected to debut in...

Published November 9, 2020

Macau Win More Than Doubles in a Month

October’s gaming revenue total surpassed MOP7 billion in a clear sign the market is bouncing back on the strength of renewed tourist travel from China. Daily visitation increased to...

Published November 9, 2020

Singapore Entry Fee Hike Keeps Locals Away

A 50 percent increase in the entry fee charged to Singapore residents is keeping locals away from the Marina Bay Sands and Resorts World Sentosa (l.) casino properties.

Published November 9, 2020

Manila Casinos OK’d for Online Gaming

Regulators approved the expansion of online gaming to help the market recover from the impacts of Covid-19. Casinos in the Philippines, including Solaire (l.), were shut down for five...

Published November 9, 2020

Japan’s New PM Endorses Casinos

The show of support from Shinzo Abe’s successor, Yoshihide Suga, could put some fresh energy into the IR process, which has slowed in the midst of the coronavirus pandemic....

Published November 9, 2020

China Says Thousands Arrested in Cross-Border Gambling Crackdown

The Ministry of Public Security said more than 8,000 investigations have resulted in 60,000 arrests and the dismantling of thousands of illegal gambling and payment platforms. The ministry said...

Published November 2, 2020

Imperial Pacific Told to Stop Work on Hotel Casino

Imperial Pacific International has received a stop work order on its hotel casino project. Seems the company has not turned in the drawing and other info to obtain a...

Published November 2, 2020