ASIAN GAMING
Marina Bay Sands (l.), one of two integrated resorts in Singapore, is the latest major casino property to fall victim to hackers. Last month, “unauthorized” actors got hold of...
PAGCOR Could Generate $1 Billion in Taxes in ’24
The Philippine Amusement and Gaming Corp. has earmarked millions more in gaming revenues to the national budget for 2024, taking its total contributions into the billion-dollar range.
Can Macau Compete in a Crowded Sports Market?
In the quest to end its reliance on gaming for tax revenues, Macau is exploring its potential future role as a sports hub. Casino operators are already mounting large-scale...
Trafficked Workers Freed from Myanmar Casinos
Approximately 200 foreigners were recently rescued from workplaces at illicit casinos in Myanmar. The United Nations has said hundreds of thousands of people have been forced into similar work...
Record-Breaking October in Macau
Macau casinos continue to rack up post-Covid revenue records. October GGR reached its highest level since the pandemic started at MOP19.5 billion ($2.42 billion). The city reopened to tourist...
Yet Another Thai Committee to Consider Legal Gaming
Thailand will form a new committee to consider legalized gaming, including casinos. A legal industry would capture domestic gamblers who now cross the border to play in Cambodia, Laos...
Macau CE Says Digital the Key to Diversification
Macau Chief Executive Ho Iat Seng (l.) says digital technologies will speed the city’s fiscal diversification. The Beijing government has ordered the casino hub to move beyond its reliance...
PAGCOR Ordered to Get Philippines Off AML ‘Grey List’
The office of Philippine President Ferdinand Marcos Jr. (l.) has ordered the country’s gaming regulator to do anything necessary to get the country removed from a global money-laundering “grey...
Macau Visitation Continues Comeback
In another sign of Macau’s post-pandemic recovery, officials recently tallied more than 105,000 visitor arrivals per day over consecutive days. On a recent holiday weekend, visitation reached levels not...
Macau Court Upholds Chau Sentence, Adds Fines
Macau’s Court of Second Instance has upheld the convictions of former Suncity CEO Alvin Chau (l.) and other Suncity employees and also increased the damages they must pay for...
Paradise Entertainment Moving into ‘Green’ Businesses
Hong Kong-listed Paradise Entertainment is pursuing green businesses in addition to its core focus on gaming. The company provides casino management services and also runs a satellite casino in...
Philippine Lawmaker Urges Galaxy to Reconsider Casino Plan
Philippine politician Albee Benitez wants Macau gaming operator Galaxy Entertainment to rejoin a plan to develop a $500 million casino resort on the island of Boracay. The Macau concessionaire...
Macau Sees Gaming Tax Boom
The Macau government has posted a total of MOP$45.8 billion (US$5.68 billion) in gaming taxes through September, a 203 percent increase over the same period in 2022.
How Will $2 Billion Money Laundering Case Affect Singapore IRs?
A multibillion-dollar money laundering case won’t have a lasting negative impact on Genting Singapore, according to a Maybank analyst. But others say the scandal proves the city-state is vulnerable...
PAGCOR Casino Sale to Be Complete by 2028
Alejandro Tengco (l.) of the Philippine Amusement and Gaming Corp., has confirmed the agency’s plan to divest of 41 casinos by 2028. Before the sale, PAGCOR will work to...
Macau CE Applauds Casinos’ Non-Gaming Efforts
Macau Chief Executive Ho Iat Seng (l.) says he’s satisfied with efforts by the city’s Big 6 casino operators to bring more non-gaming amenities to the Chinese SAR.
U.N. Concerned about Mekong Money Laundering
The United Nations has expressed reservations about casinos in Southeast Asia’s Mekong region, concerned they are channels for organized crime entities to “traffic various illicit goods and launder money.”
SJM to Renovate Macau Palace
Macau officials have announced that Big 6 operator SJM Resorts will undertake improvements of Avenida Almeida Ribeiro, a main peninsula thoroughfare, and upgrade the Macau Palace, its “floating casino.”
Hong Kong’s IEC Moves on Billion-Dollar Philippines Resort
International Entertainment Corp. of Hong Kong has signed a provisional agreement to develop a new casino resort in Manila. The property would take advantage of robust post-Covid travel to...
Philippines Still Fall Short of AML Protections
The Philippines remain on the “grey list” of the Financial Action Task Force, and must provide “strict enforcement” of anti-money laundering controls in casinos to get off the global...