Wednesday, May 22, 2024

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SJM Holdings appoints Ip Shih Ming as new CFO

Macau casino operator SJM Holdings Ltd has appointed Ip Shih Ming as new chief financial officer (CFO), with effect from 6 December 2023.

Daily Asia Gaming eBrief: Philippines AML compliance is a responsibility of the casino operators

The Philippines is fighting to get itself off the Financial Action Task Force (FATF) graylist, with numerous criteria still to fulfill. Amongst them is junket oversight, which still falls under the purview of the casino - given the location on the gaming floor. Despite increased efforts by authorities, the nation needs to be able to prove to the FATF that it's trying to change, and implementing stringent oversight measures.

Asian gaming giants with strong showing on Forbes 2023 billionaires list

Forbes’ billionaire list featured 14 Asian-gaming-linked figures this year, most tied to Macau casinos developments. Topping out the gaming tycoons is Miriam Adelson, widow of Las Vegas Sands founder Sheldon Adelson, with an estimated fortune of $35.7 billion.

Kishida LDP leadership seen as positive for IR industry

Former Foreign Minister Fumio Kishida has won the leadership contest for Japan’s ruling Liberal Democratic Party, ensuring no political upsets for the country’s nascent...

Your Daily Asia Gaming eBrief: Will politics upset the IR apple cart again?

The next two to three months could see more gale force winds headed for Japan's IR industry, due to an exciting political calendar with the Liberal Democratic Party presidential election, followed closely by national elections likely in early November.

Your Daily Asia Gaming eBrief: Philippines casino potential seen as intact, despite Covid and clampdowns

Two mothballed casino projects on the Philippines island of Boracay are looking like they're ready for a comeback after a surprise u-turn from Philippines President Rodrigo Duterte on the issue.

Your Daily Asia Gaming eBrief: Anti-IR mayor dashes hopes for IR in Yokohama

Takeharu Yamanaka's victory over Hachiro Okonogi and Fumiko Hayashi may be the worst-case scenario for those hoping for an integrated resort in the city. It's a particular blow to Melco and Genting, who were seen as the top runners for the bid.

Your Daily Asia Gaming eBrief: Fitch expects Macau recovery in 2024, Vegas in 2023

Philippines president Rodrigo Duterte has exhibited a slight change of heart, admitting that the revenues from online gambling has been necessary for the government to fight the spread of Covid-19. That being said, don’t get your hopes up for a turnaround on policy, as the president has reiterated his disdain for the industry.

Your Daily Asia Gaming eBrief: Light at the end of the tunnel for Crown Resorts

In Australia, there may be some light at the end of the tunnel for Crown Resorts, after ILGA chairman Peter Crawford hinted that there is a possibility that Crown can regain its casino license in Sydney in the second half of this year.

Suga government slips on IR messaging

It's well over six months into the administration of Yoshihide Suga, but the government has given scarce information about its IR development plans.