A Singapore police operation at Marina Bay Sands (MBS) casino resort on Thursday and Friday resulted in the arrest of 14 people suspected of “unlicensed foreign currency exchange and remittance activities carried out in casino premises”. That is according to a Singapore Police Force press...
Industry Talk
Brokerage B.Riley Securities Inc has lowered its estimates for adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) at casino equipment maker and financial...
Trends & Tech
TransAct Technologies Inc, a supplier of slot machine printers and other supporting technology for the gaming sector, says its collaboration with Table Trac Inc, to produce a slot...
Latest News
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“Continued regulatory noise, GGR [gross gaming revenue] year-on-year deceleration and weaker sentiment of China consumers are not helping” investor attitudes regarding the Macau casino industry, says a note from...
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Operating expenses (opex) across the Macau gaming sector stood at just above MOP31.07 billion (US$3.95 billion) in 2023. The figure was up 236.7 percent year-on-year, coinciding with travel and other Covid-19-related...
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Tourism and general travel to Macau, along with some non-gaming services at the city’s casino resorts – were disrupted by the passage of a super typhoon with the moniker “Yagi”. General...
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SJM Holdings Ltd’s ongoing debt-reduction effort and the expected contribution from the ramping up of its business at the Grand Lisboa Palace casino resort (pictured) in Cotai, supports a ‘Ba3′ corporate...
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China was pushed into fourth place by Japan in terms of main source markets for tourism to the Philippines, according to data for the first eight months of 2024 published by the nation’s Department of Tourism....
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Philippine authorities raided on Saturday a suspected illegal online gaming operation inside a resort in Lapu-Lapu City, in Cebu, and took into custody 162 foreign nationals, mainly Chinese and Indonesian people, said...
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National casino regulator the Philippine Amusement and Gaming Corp (Pagcor) has been ordered by the country’s Supreme Court to make 30 years’ worth of payments to the Philippine Sports Commission. A ruling made...
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Gaming supplier Zitro International has a growing presence in Asia, following an expansion in the Philippines earlier this year. The company has already deployed some of its products in Laos, and is aiming to enter the...
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A Singapore police operation at Marina Bay Sands (MBS) casino resort on Thursday and Friday resulted in the arrest of 14 people suspected of “unlicensed foreign currency exchange and remittance activities carried out...
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Singapore’s July visitor arrivals tallied 1.60 million, up 12.9 percent year-on-year. July was the best month volume-wise so far in 2024, with mainland China the main source market, said Singapore Tourism Board (STB)....
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Genting Singapore Ltd, the operator of the Resorts World Sentosa casino resort (pictured), reported a net profit of SGD356.9 million (US$271.4 million) for the first six months of 2024, up 29.0 percent from a year...
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Singapore’s Casino Control (Amendment) Bill had a first reading on Tuesday in the city-state’s parliament. The original Casino Control Act came into force in 2006, before any casinos opened in the country, and the...
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Osaka IR KK, the consortium behind the MGM Osaka integrated resort (IR) in Osaka, Japan, is said to have waived its right to terminate the implementation agreement to develop the complex. The information was reported by...
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The head of an international body overseeing Expo 2025 Osaka has had meetings with several government ministers in Japan, and now says issues regarding possible disruption from nearby construction of the MGM Osaka...
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Universal Entertainment Corp, the parent of the Okada Manila casino resort in the Philippines, has announced the resignation of Jun Fujimoto as a director of the company. His resignation comes before a meeting scheduled...
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The head of an international body overseeing Expo 2025 Osaka, due to be held on Yumeshima island next year, has been quoted by a Japanese media outlet saying concerns are yet to be resolved about possible noise and...
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Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, will open the promised new VIP space at its Paradise Walkerhill Casino (pictured in a file photo) in the country’s capital Seoul, before the end...
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Jeju, a semi-autonomous region of South Korea, wants the national government to approve a renewable-licence system for the foreigner-only casinos on the holiday island – rather than the current ‘permanent’ permits...
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Thailand’s government will move ahead with plans for so-called “entertainment complexes” says Julapun Amornvivat, deputy finance minister, in comments reported on Thursday. It is the term used in that country to...
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Kangwon Land Inc, operator of Kangwon Land (pictured) – a resort with the only casino in South Korea open to locals – says it has been authorised to increase the area of its gaming venue, including adding more...
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Brokerage B.Riley Securities Inc has lowered its estimates for adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) at casino equipment maker and financial technology (fintech) supplier...
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United States-based casino developer Wynn Resorts Ltd said on Friday that its subsidiary Wynn Las Vegas LLC had signed a non-prosecution agreement (NPA) with the U.S. Department of Justice (DOJ) and the Attorney’s...
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Australian casino operator The Star Entertainment Group Ltd says it is working with “various” financial advisers to review its financial and liquidity position, as well to finalise its annual results for the...
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Casino promoter Wynn Resorts Ltd is to host an investor day in early October that the investment community hopes will shed light on the progress of the firm’s under-construction United Arab Emirates (UAE) scheme. That...
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From the Press
Singaporean high roller told
to pay AUD38mln to Star Ent
Channel News Asia Sept 10
Thai PM's policy statement likely
to include casino legalisation
The Nation Sept 9
Senate cites Alice Guo in contempt
for 'false, evasive' testimonies
Philippine News Agency Sept 9
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