Sunday, June 16, 2024

Carlos D. Simões assisted by Paulo Rowett

Carlos D. Simões assisted by Paulo Rowett
Carlos D. Simões is a Partner at DSL Lawyers. Paulo Rowett is an Associate at DSL Lawyers.


Legal battles mount for IPI in CCC dispute

Imperial Pacific International (CNMI) LLC, the gaming operator in Saipan, is currently entangled in a multifaceted legal dispute with the CNMI government and multiple officials.

Macau’s new outdoor concert venue next to Grand Lisboa Palace 

The Macau government has selected a site for an outdoor concert venue with a capacity to accommodate 50,000 attendees. This venue is located on a plot next to the Grand Lisboa Palace in the Cotai area.

Aristocrat highlights its latest offerings at G2E Asia

Aristocrat Gaming gives AGB a a rundown of its latest products, including Dragon Link, Bao Zhu Zhao Fu and the very recent Cai Fu Zhong Sheng, which are taking the APAC market by storm.

PAGCOR Chairman: possibility to lower tax rates depending on FY25 results

The Chairman of the Philippine gaming regulator (PAGCOR) says that there is still a possibility for taxation rates to be lowered, potentially for both the online and land-based sectors, depending on how they perform.

Macau casinos stopping free snacks could reduce traffic, minimal GGR impact: MS 

Morgan Stanley notes that Macau casinos ceasing to offer free snacks could reduce foot traffic. However, this measure is expected to have only a small impact on gross gaming revenue (GGR).

Casino closure “off the table” as RWG business surges, says Genting COO

Genting Malaysia Berhad’s President and Chief Operating Officer has assured shareholders that Genting casinos would remain operational due to several key factors.

Queensland’s May gaming revenue tally up 13.8% yearly

The release of Queensland's gaming data for May 2024 revealed a robust performance for gaming venues, with total gross revenue experiencing a 13.8 percent increase from the same month in the previous year.

Credit cards, crypto banned for online gambling in Australia 

In a move to address financial risk and promote responsible gambling, the Australian government has enforced a prohibition on using credit cards and digital currencies for online betting.

Indonesian Minister highlights link between online gambling and money laundering

An Indonesian Minister has has flagged money laundering activities associated with online gambling, identified by the country's Financial Transaction Reports and Analysis Center (PPATK).

Euro 2024 sees 125% surge in Asian bookings:

Sports tourism is soaring from the Asian market for the UEFA Euro 2024, with a corresponding surge in sports betting activity.

New Silkroad sells majority stake in Jeju’s MegaLuck casino to offset losses

New Silkroad Culturaltainment Limited has agreed to sell its stake in the Megaluck casino on Jeju Island, South Korea for about $3.6 million, in order to mitigate its losses.

Jumbo Technology explains its new products at G2E Asia 2024

Jumbo Technology brought out an impressive array of new offerings at G2E Asia 2024, in Macau, including its Bao Ni Fa Grand and Color Game products. The debut also showcases shifting an online product to the land-based sphere. Take a look!

SkyCity: independent review into Adelaide casino license suitability recommences

SkyCity Entertainment has informed that, now that Australian courts have approved the penalty set out by Australia’s financial watchdog regarding its Adelaide casino, the independent review into its casino license suitability can resume.

Macau 2024 GGR forecast hits $30B amid higher visitation assumptions: CLSA

Due to higher visitation and GGR/visitor assumptions, brokerage firm CLSA has revised its forecast for Macau's 2024 gross gaming revenue upward, projecting it to reach $29.8 billion this year.

Mohegan appoints Nelson Parker as new Chief Strategy Officer

Mohegan, the US-based gaming operator, has announced the promotion of Nelson Parker to the position of Chief Strategy Officer.

Embattled Imperial Pacific to delist from HKEX on June 17th

Saipan casino operator Imperial Pacific International will have its listing on the Hong Kong Stock Exchange officially canceled on June 17th at 9am.

Genting Malaysia issues $84.7M notes for redevelopment of its resorts

Genting Malaysia Bhd's wholly-owned subsidiary has recently issued medium-term notes (MTN) worth some $84.7 million to finance development and redevelopment of its properties.

Departure of Newport World Resorts top executives part of transition plan: AGI

The parent company of Philippine integrated resort operator Newport World Resorts says that the recent drastic changes in management were all part of a transition plan after the group assumed full ownership of the IR's operating company.

About 343K visitors reported in Macau during Dragon Boat Festival holidays

Macau recorded a total of 342,861 tourist arrivals during the three-day Dragon Boat Festival extended weekend that concluded on Sunday.

PAGCOR: foreign crime syndicates, not POGOs, are the real danger

So called alien hacking and scam syndicates (AHaSS) are a bigger threat to national security than POGOs, according to PAGCOR.