Wednesday, February 28, 2024

Ben Lee

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LATEST NEWS

Manila airport to increase aircraft movement

The government aims to increase aircraft movements at the Ninoy Aquino International Airport (NAIA) to 48 per hour from the current 41.

Sri Lanka revises new casino license fees

Sri Lanka's Ministry of Finance has announced revised fees for obtaining and renewing casino licenses, following the submission of ten casino applications, the country's media reported.

Hong Kong Jockey Club asks Gov’t for more betting options to be allowed

The Hong Kong Jockey Club (HKJC) has proposed to the SAR government that it should be allowed to introduce new betting options in its operations to counteract the rise of illegal bookmakers.

Group behind Savan Vegas in Laos loses $175 mln litigation initiated by Macau investor

Macau-based company Sanum Investments Ltd has won a litigation case in a commercial dispute against the Laos-based gambling group responsible for the development of the Savan Vegas Hotel and Entertainment Complex, located in Savannakhet Province in Laos.

Newport World Resorts donates 18 motorbikes to the Philippine National Police

Newport World Resorts, with support from PAGCOR, has donated PHP10 million ($178,000) worth of motorcycles to the Philippine National Police (PNP).

Philippines remains on FATF Grey List despite positive developments

At the recent plenary sessions in Paris on February 23, the Philippines' appeal to be removed from the Financial Action Task Force (FATF) grey list was unsuccessful.

Visitor mix for mainland Chinese increased for first time since 2019: UBS

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.

Jumbo Technology sponsors ASEAN Gaming Summit 2024

Jumbo Technology, a leading gaming supplier in Taiwan, has announced its sponsorship of the ASEAN Gaming Summit 2024, the industry event scheduled to take place from March 19th to 21st in Manila, the Philippines.

SkyCity to appoint interim COO: Brad Burnett

SkyCity has announced the appointment of an interim Chief Executive Officer for New Zealand, elevating Brad Burnett to the role, effective on March 9th.

IPI refiles lawsuits against CCC and Palacios

Imperial Pacific International (CNMI) LLC, a casino operator, resubmitted its two lawsuits against Palacios, the CCC, and associated officials on Friday.

FEC listing of Czech Republic casino subsidiary scheduled for March 11th 

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.

International Entertainment loss widens due to Manila IR expenses

International Entertainment’s loss has widened sharply for the six months ended 31 December 2023, to HK$36.1 million ($4.6 million) due to the development of its Manila integrated resort.

PAGCOR calls return of major online gambling company “huge vote of confidence”

The Philippine Amusement and Gaming Corporation (PAGCOR) has welcomed the return of eGaming giant 188Bet to the Philippines.

Almost 700 arrested in Myanmar border town police raid

Military police on Friday arrested 689 individuals during a raid on an online gambling business in the Thai-Myanmar border town of Tachileik.

Russian buyer of Tigre de Cristal looking to terminate deal

A Russian company that intended to purchase Tigre de Cristal Resort is looking to terminate the deal, Summit Ascent and LET Group announced.

South Korea and Thailand lead in visitor spending per capita in Macau

Visitors from South Korea, Thailand, and Mainland China ranked as the top three with the highest visitor spending per capita in Macau last year.

Mainland China individual traveller scheme to Macau and HK expanded  

The Chinese Central Government has announced plans to expand the current individual visit scheme for Chinese nationals to visit Macau and Hong Kong.

Maybank trims Genting Singapore profit estimates despite optimistic outlook

Although maintaining a ‘cautiously optimistic’ outlook for Genting Singapore in 2024, Maybank cuts its EBITDA and core net profit estimates by 6 percent and 11-12 percent, respectively.

The Star Sydney starts cashless gaming trial

The Star Entertainment Group Limited has officially launched a trial of cashless gaming and carded play at The Star Sydney casino, the company has announced.

Genting Singapore’s net profit tops $456M in 2023, up 80% year-over-year

Genting Singapore has announced a net profit of SG$611.6 million ($456 million) for the fiscal year 2023, which concluded on December 31st, marking an 80 percent increase year-over-year.

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