Friday, May 10, 2024

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Your Daily Asia Gaming eBrief: Hann Resorts aims to dominate Clark market

While many eyes were on Metro Manila, Daesik Han is building an empire in Clark, with over $600 million into Hann Casino and up to $4 billion planned for Hann Reserve.

Udenna says Clark-related debt settled, technically no default

Udenna Corp said it has settled a payment related to Clark Global City in the Philippines and that the issue did not technically constitute a default. 

PH Resorts gets approval to suspend Clark license, says no impact on group finance

PH Resorts said it has received approval from the Philippines Amusement and Gaming Corp. (PAGCOR) to temporarily suspend its license for an integrated resort...

Global Gaming Expo to Return to Las Vegas in October 2021

The American Gaming Association (AGA), with partner Reed Exhibitions, formally announced plans to move forward with Global Gaming Expo (G2E) 2021 as an in-person event with additional virtual components October 4–7, 2021 (Education: October 4-7 | Expo ­­Hall: October 5-7) at the Sands Expo in Las Vegas.

PH Resorts increases capital stock proposal after green light in stockholders meeting

The board of directors of PH Resorts Group Holdings has approved a proposal to increase its capital by $128 million as it aims to finalize Emerald Bay.

Your Daily Asia Gaming eBrief: ASEAN is back! Watch the live stream.

The first full day of the ASEAN Gaming Summit kicks off in earnest on Tuesday, with a full day of panels and presentations from senior industry leaders from around the region.

Philippines to become second largest ASEAN gaming market – PAGCOR Chairman

Privatisation and regulatory reforms should position the Philippines as one of the most "attractive gaming jurisdictions, not only in Southeast Asia region, but in the Asian Pacific sphere in in the near and middle term, only surpassed by Macau, Alejandro H Tengco, Chairman and CEO of PAGCOR said today.

Daily Asia Gaming eBrief: Philippines takes further steps to get off the gray list

Authorities in the Philippines up their game as they try and get off the AML/CFT gray list. The Financial Action Task Force has been reluctant to remove them over failure to mitigate certain primary issues linked to junkets and information sharing. Despite having passed its deadlines for remediation, the nation is now urging its institutions to up the ante as it aims to achieve international recognition.
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PH Resorts firm in opening Emerald Bay, hoping to finalize investment conversations soon

PH Resorts remains firm in its belief that it will be able to open its flagship property, Emerald Bay, despite recent complications, including Bloomberry Resorts pulling out its proposed investment. AGB sat down with the group’s COO, Angel Sueiro, ahead of the group’s annual general meeting, to get more insights on the project and its progress.

Your Daily Asia Gaming eBrief: Non-gaming in Macau starting to bear fruit

The non-gaming push in Macau could be starting to yield some results, as large-scale concerts have driven spend in both gaming and non-gaming - notes Morningstar analyst Jennifer Song.