Friday, May 17, 2024

Search Results

Tiger Resort makes initial $5.2M payment for Emerald Bay rescue

PH Resorts Group has obtained an initial "non-refundable" payment of PHP300.1 million ($5.2 million) from Tiger Resort as it moves to relinquish majority ownership of Cebu-based Emerald Bay.

LET Group targets profit conversion after $31.2M loan repayment

Hong Kong-listed LET Group Holdings Ltd. aims to convert its share of losses in a joint venture into an accounting profit.

Melco could resume dividend payments in FY25: Bank of America 

The investment unit of Bank of America says that it expects Melco will resume dividend payments from FY25 onwards. This forecast has brought forward the timing compared to the previous expectation of only in FY26.

High indebtedness could pose future repayment challenges: MGM China

MGM China has warned in a recent report that its 'high indebtedness' could 'pose challenges' for the operator to meet its obligations regarding unsecured notes.

Uncertainty remains as deadline for Imperial Pacific $62 mln due fees payment approaches

The director and manager of Imperial Pacific International LLC, Howyo Chi, did not provide any updates on the expected payments of due gaming license fees, as the final deadline for payment approaches.

NagaCorp assures full repayment of 2024 Notes with sufficient funds

Cambodia's gaming operator, NagaCorp, has announced that it holds an aggregate amount of $404 million in a bank account, which is deemed 'sufficient for the full repayment of the 2024 Notes, given the current rate and speed of cash generation of the group.'

NagaCorp secures $80 million loan for debt repayment 

Cambodia’s gaming operator NagaCorp will receive up to an $80 million loan at 8 percent annual interest from the Chen family-controlled trust to meet upcoming financial commitments associated with senior notes due next year.

How Payment Systems Impact Affiliate Success at MegaPari

In the competitive gambling industry, the right payment system is key to winning customer trust and boosting affiliate revenue. MegaPari excels by balancing transaction security, user convenience, and compliance, all while offering 250+ payment methods globally.

POGO tax payments rise 127 percent yearly in 2022

The Philippine government raised some PHP8.8 billion ($160.78 million) in tax payments from Philippine Offshore Gaming Operators (POGOs) in 2022, according to the Department of Finance, an increase of 127 percent yearly.

Payment provider Citizen appoints former Playtech innovation lead as CTO

Citizen, a payment provider has appointed former Playtech executive Dr Toby Sucharov to the position of Chief Technology Officer (CTO).