Tuesday, January 14, 2025

David Green

David Green
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David Green is a principal at Newpage Consulting, experts in gambling regulation. The company advises in the three key areas of regulatory frameworks, market analysis, and taxation regimes.

LATEST NEWS

Federal court greenlights bidding procedure for auction of IPI’s assets, minimum bid set at $10M

The federal court handling the bankruptcy case of Imperial Pacific International (IPI) has approved the bidding procedure for the sale of the casino’s assets, confirming the minimum bid requirement for all IPI assets at $10 million in cash.

Thai gov’t could move into online gaming legalization following IR bill approval: Analyst

In a landmark decision, Thailand's cabinet has approved a draft law aimed at legalizing gambling and casinos, a move that could be followed by legislation centered on online gaming, an analyst told AGB.

Singapore’s Gambling Regulatory Authority orders block of Polymarket access

Singapore’s gaming watchdog has instructed local internet service providers to block access to the crypto prediction market platform Polymarket.

Singapore’s Marina Bay Sands expansion budget climbs to $9B

The cost of Marina Bay Sands’ (MBS) expansion project, MBS IR2, has risen to $9 billion, reflecting a $1 billion increase due to recent adjustments.

Macau premium mass players continue to grow in January: Citigroup

Macau's premium mass gaming segment showed continued growth in January 2025, however the upcoming Chinese New Year period could cause a slowdown in the month.

Clark aims to attract more Taiwanese partners for freeport zone

Clark authorities are aiming to attract more foreign investors from Taiwan, in a bid to draw in more freeport operators and encourage internal collaboration.

Macau-based investor now holds over 5.5% voting rights in The Star

Australia’s The Star Entertainment Group has announced that a Macau-based investor has increased their stake in the company so that they now hold 5.52 percent of voting rights.

Thailand’s draft casino bill approved by Cabinet

Thailand's cabinet has approved the draft law for the Entertainment Complex Business Act, paving the way for the nation's first casino, if it can surpass the next regulatory hurdles.

Push to increase inspections, investigate banks over POGOs

Philippine Senator Sherwin Gatchalian has promised to further investigations into banks and financial institutions’ involvement in the movement of illegal activities by Philippine Offshore Gaming Operators (POGOs).

Queensland pubs and clubs GGR rise 9% Y-o-Y in December

Queensland’s gaming industry has reported encouraging results for December, with state-wide club and pub Electronic Gaming Machine (EGM) total gross revenue rising by 9.0 percent compared to December of the previous year and saw a 2.2 percent uptick from the prior month. 

Thai Council of State planning to oppose IR bill

Thailand's Council of State plans to oppose the upcoming Entertainment Complex Bill, arguing that it violates government policy and fails to adequately address illegal gambling issues.

The Star Entertainment could face voluntary administration: Media

Star Entertainment may face voluntary administration within months, as lenders doubt the company's ability to secure a lifeline investor, according to the Australian Financial Review.

Macau sees positive impact from new visa policy, says MGTO

Helena de Senna Fernandes, Head of the Macao Government Tourism Office (MGTO), confirmed that the newly implemented visa policy for residents of neighboring cities has already had a positive impact on Macau’s visitor numbers.

Indian Supreme Court halts GST notices to online gaming companies

The Supreme Court of India temporarily halted, on Friday, Goods and Services Tax (GST) show-cause notices amounting to Rs $13.5 billion issued to online gaming companies.

China’s Vice-Commerce Minister meets with LVS CEO, welcomes foreign investment

China's Vice-Commerce Minister Wang Shouwen extended an invitation to foreign businesses to partake in the country's economic growth, after a meeting with Robert Goldstein, chairman and CEO of Las Vegas Sands Corp.

Wynn Resorts acquires Crown London, expanding its international footprint

Australia’s Crown Resorts has announced that it has entered into an agreement to sell Crown London to Wynn Resorts.

LET Group trading suspension continues amid ongoing operational challenges

Trading of LET Group shares on the Hong Kong Stock Exchange remains suspended as the company has yet to fulfill all resumption requirements.

Asia remains focal point for match-fixing concerns: Sportradar

There has been a significant drop in match-fixing incidents across global sports for 2024, but Asia remains a focal point for match-fixing concerns, says Sportradar.

Belle Corp finds Clark to be “strategic location” for further IR development

Belle Corporation, the Philippine-listed parent company of Premium Leisure Corp (PLC), has now publicly announced that it is pursuing Clark as a “strategic location” for further growth.

Melco keen on Thai gaming license, aims to develop ‘soft power’ talent

Macau-based gaming group Melco Resorts & Entertainment is focusing in on Thailand, pursuing a development strategy akin to its previous international investments.

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