The Hong Kong Stock Exchange has given the green light for a new share issuance by Palasino Holdings Ltd, a newly-listed subsidiary of developer Far East Consortium (FEC), with the issuance aiming to raise some $2 million.

Authorities in the Philippines are increasing the pressure on illegal online gambling hubs, barring over 150 Vietnamese nationals from the country in the month of March alone.

Macau’s gaming industry has shown resilience in a seasonal low month, with its mass gross gaming revenue (GGR) still at 110-115 percent of 1Q19 levels, says UBS.

Macau gaming operators have expressed a positive outlook on the sustainability of mass gaming revenue recovery this year, says UBS after a tour of Macau.

Although Macau’s visitor arrivals in January have yet to return to 2019 levels, the visitor mix for mainland Chinese was high at 49 percent in January for the first time, six percentage points higher than the 43 percent recorded in January 2019, according to UBS.

Hong Kong Stock Exchange-listed Far East Consortium (FEC) has announced the proposed date for the spin-off of its Czech Republic casino subsidiary: March 11th.

Macau’s tourism office sets a goal to draw 3 million international visitors this year by investing MOP 100 million ($12.4 million) to subsidize 100,000 international air tickets.   However, the industry had mixed reactions.

Philippine gaming platform DigiPlus Interactive Corp has announced that it is reorganizing its structure by acquiring a 100-percent stake in a non-direct subsidiary: Gamemaster Integrated Inc.

The LET Group is further adjusting its investment portfolio. After previously announcing the sale of a mall operator in mainland China for $2.8 million, it is now announcing the sale of another wholly-owned subsidiary, Faith Best Asia (HK), for HK$19.95 million ($2.55 million).

Revenues from clubs and pubs operating in the Australian state of Queensland in September showed a single-digit drop monthly, despite generally recording improvements on a yearly basis.