Sunday, September 8, 2024

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EGMs at Australia’s pubs and clubs deemed low risk for money laundering: expert

Authorities in Australia aren’t playing around as they attempt to identify any operators cutting corners, and even the pubs and clubs sector hasn’t been immune. But in regards to money laundering, it appears that the risk level is much lower for the venue operators, even though authorities are stepping up oversight.

The Star shuts down all EGMs and ETGs due to ‘system issues’

The Star Entertainment Group has switched off all of its Electronic Gaming Machines and Electronic Table Games at three properties from July 13th due to ‘system performance issues’.

RGB Macau to sell almost 2,000 EGMs to PAGCOR

Malaysian casino equipment supplier and distributor RGB International Bhd (RGB) has announced that its Macau wholly-owned subsidiary received an order for almost 2,000 electronic gaming machines (EGMs) from the Philippine Amusement and Gaming Corporation (PAGCOR).

RGB to acquire EGMs in the Philippines for $2.2M

Malaysian group RGB International will acquire a 20 percent stake in an East Timor electronic gaming machines company with a presence in the Philippines for some $2.2 million.

Analyst urges CNMI to increase minimum hotel room number requirement for operating EGMs

Policy analyst John Gonzales, member of Save Garapan, is urging the authorities in the Commonwealth of the Northern Mariana Islands (CNMI) to make minimum requirements to operate electronic gambling operations more strict.

Saipan is aiming to introduce EGMs for smaller properties

Saipan is aiming to allow certain hotels to operate electronic gaming machines (EGMs), as long as each property has at least 30 rooms.

Macau market to shift from gaming tables to EGMs naturally: Galaxy COO

The Macau SAR gaming market will naturally progress from a table-centric market to an Electronic Gaming Machine market, Kevin Kelley, COO of Galaxy Entertainment Group, predicted at a seminar at the MGS Entertainment Show.

Victorian gambling watchdog charges Tower Hotel operator for failure to set EGMs with time and spend controls

The Victorian Gambling and Casino Control Commission (VGCCC) has charged Rumotel Pty Ltd, the operator of the Tower Hotel in Hawthorn East, for breaches of gaming regulations.

Paradise 2021 revenue jumps 40.5% as casino sales improve, EGMs surge

Paradise Entertainment posted a 40.5 percent increase in 2021 revenue, driven by an improved performance in its Macau casino and sales of electronic gaming machines.

Paradise Entertainment swings to profit in 1H24, as GGR booms

Casino management services and electronic gaming equipment company Paradise Entertainment has announced a profit of HK$119.4 million for the first six months of the year, reversing a loss of HK$3 million for 1H23.