Wednesday, July 24, 2024

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Seized POGO hubs could be used by the Philippine government

Buildings seized from illegal Philippine Offshore Gaming Operators (POGOs) could potentially be repurposed for use by government agencies following civil forfeiture cases.

Queensland pubs and clubs gaming revenue with 7.9% yearly increase in June 2024

The release of Queensland’s pubs and clubs gaming data for June 2024 revealed a robust performance for the gaming venues, with total gross revenue experiencing a 7.9 percent increase from the same month in the previous year.

Daily Asia Gaming eBrief: Vietnam suffering from oversupply of slot clubs: expert

Due to Vietnam's evolving gaming regulatory framework, clubs have flourished, but took a nosedive due to the pandemic.

PAGCOR says no licensed POGO hubs next to US military cooperation sites

The Philippine Amusement and Gaming Corporation (PAGCOR) stated that they have not issued licenses to any Philippine Offshore Gaming Operation (POGO) sites operating next to Enhance Defense Cooperation Agreement (Edca) locations.

Solid GGR momentum boosts Macau mass market estimates: UBS

UBS has reaffirmed its positive outlook on the Macau gaming industry, raising 2024 mass estimates to 113 percent of 2019 levels, compared to the previous estimate of 110 percent.

Melco’s buyback program accounts for about 15% of its market cap: UBS

Nasdaq-listed Melco Resorts & Entertainment Limited's $500 million share buyback program accounts for about 15 percent of its market cap, notes UBS in its investment memo released following the company's announcement.

Hard Rock-linked consortium interested in ‘potential transactions, no ‘substantive discussions’ yet: The Star

The Star Entertainment Group has refuted reports that it had received a takeover bid from US-based Hard Rock, but indicates that other parties have reached out, including a local partner of the operator.

FEC casino subsidiary Palasino raising $2M in new share allotment

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.

Philippines Bureau of Immigration ups blacklist for illegal online gambling hubs

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 gaming resilient with mass GGR at 110%-115% of 1Q19 levels: UBS

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.