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Light & Wonder had solid 3Q24 despite Dragon Train removals: Deutsche Bank
Despite the recent Dragon Train injunction, Deutsche Bank notes that the gaming equipment and services group, Light & Wonder, had a solid 3Q24.
Isle of Man gambling regulator issues $183,000 fine to erring operator
The Isle of Man Gambling Supervision Commission (GSC) has imposed a GBP140,000 ($183,000) civil penalty on one of its previous licensees, CyberHorizon Limited, after uncovering several regulatory breaches during an investigation.
Rebranding or relocating? How POGOs might survive the Philippine ban
As the Philippine government cracks down on Philippine Offshore Gaming Operators (POGOs) due to links with organized crime, concerns arise over whether these operations will truly be shut down or simply rebrand and relocate.
Damian Quayle appointed as SJM Resorts Chief Gaming Officer
Damian Quayle has been appointed as Chief Gaming Officer at SJM Resorts effective September 2024, the executive manager announced.
10K foreign POGO workers downgrade visas: Gov’t
According to the Bureau of Immigration (BI), over 10,000 foreign workers employed by Philippine Offshore Gaming Operators (POGOs) have applied to downgrade their visas.
Wynn UAE IR sets to contribute $350M of free cash flow to parent firm: CBRE
Wynn Al Marjan Island is expected to deliver a major boost to Wynn Resorts, contributing over $350 million in free cash flow (FCF) once fully stabilized, according to CBRE.
Asian Football Confederation signs agreement to strengthen betting integrity
The Asian Football Confederation (AFC) has reinforced its commitment to safeguarding the integrity of football in Asia by signing a four-year Memorandum of Understanding (MoU) with the International Betting Integrity Association (IBIA).
Philippines tourist arrivals rise 10% Y-o-Y between Jan-Sept
The Philippines had a 10 percent year-on-year rise in tourist arrivals during the first nine months of 2024, as the latest data reveals a substantial growth compared to the same period of last year.
Thailand’s casino bill could face overhaul following Fiscal Policy Office’s recommendations
Thailand's Fiscal Policy Office (FPO) has wrapped up its public hearings on a proposed entertainment complex bill, compiling a report with 45 significant recommendations that will soon be presented to the Cabinet for further deliberation.
Macau premium mass play hits record high during October Golden Week: Citigroup
According to a report from Citigroup, Macau’s premium mass wagers surged during the October Golden Week, shattering previous records.
GKL sees 3% yearly growth in September despite monthly dip in casino sales
South Korean foreigner-only casino operator, Grand Korea Leisure (GKL), reported a 3 percent year-on-year increase in casino sales for September, reaching nearly KRW 34.32 billion ($25.5 million).
Australia tightens customer identification requirements for online gambling operators
Companies offering online gambling services in Australia must now complete the applicable customer identification procedures (ACIP) before allowing players to gamble.
Macau’s Chief Executive candidate advocates for more IR residency shows
Macau's sole candidate for Chief Executive, Sam Hou Fai, has committed to promoting residency shows by casino operators as a key strategy to boost tourism.
Macau October Golden Week visitors exceed 2019 level: CLSA
Macau has had a solid start to the October Golden Week, with visitor arrivals already surpassing 2019 levels, according to CLSA.
AGEM Index with notable 50.33 pts increase in September
The AGEM Index experienced a notable increase of 50.33 points in September 2024, reaching 1,552, marking a 3.4 percent rise compared to the previous month and an impressive 47.1 percent surge, or 496.89 points, from the same period last year.
Commission awaits senate confirmation for revocation proceedings against Imperial Pacific
The Commonwealth Casino Commission (CCC) is poised to advance with revocation proceedings against Imperial Pacific International (CNMI) LLC, pending Senate confirmation of Thomas A. Manglona’s nomination.
Sanum Investments raises alarm over Laos court dismissal of international arbitration
Sanum Investments Limited, a Macau-based firm, has raised serious concerns regarding the actions of the Lao courts, alleging they are operating under unlawful pressure.
Light & Wonder to convert “Dragon Train” in compliance with injunction
Gaming equipment and services group Light & Wonder is diligently working with customers In the United States to convert approximately 2,200 units of the "Dragon Train" game in compliance with a recent judge's order.
Robinsons plans $177M investment in Philippines for new luxury hotels
Robinsons Hotels and Resorts (RHR), a division of Robinsons Land Corporation (RLC), has announced an investment of over PHP10 billion ($177 million) to expand its hotel portfolio across the Philippines.
Macau raises Golden Week tourist projection amid positive data
Although the Golden Week in mainland China is not yet halfway through, the Macao Government Tourism Office (MGTO) has concluded that visitor arrivals during Macau’s National Day Golden Week would exceed expectations.
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Public consultation feedback on draft Thai casino bill
A public consultation for the draft bill on the legalization of comprehensive entertainment complexes with casino gambling in Thailand was conducted between August 2 and 18, 2024. The Ministry of Finance has collated the responses, which will be presented to Cabinet and thereafter tabled in the House of Representatives for further deliberation.
