Monday, July 15, 2024

Felix Ng

Felix Ng
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https://agbrief.com/about-asia-gaming-brief/
Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.

LATEST NEWS

Philippines court freezes assets of “POGO Mayor” Alice Guo

The Philippines’ Anti-Money Laundering Council (AMLC) has obtained a freeze order from the Court of Appeals on the assets of suspended Mayor Alice Guo and other individuals allegedly involved in the illegal activities of POGO.

40th Asian Racing Conference to focus on Japanese racing

The 40th Asian Racing Conference (ARC) will take place between August 27th and September 1st in Sapporo, Japan, and will feature an extensive program centered on Japanese racing breeding, business leaders and key stakeholders.

Queensland pubs and clubs gaming revenue with 7.9% yearly increase in June 2024

The release of Queensland’s pubs and clubs gaming data for June 2024 revealed a robust performance for the gaming venues, with total gross revenue experiencing a 7.9 percent increase from the same month in the previous year.

Thai integrated resorts: Bangkok’s Khlong Toei to rival Singapore’s Marina Bay

The proposed Khlong Toei Entertainment Complex in Bangkok may anchor a 376-hectare site redevelopment in the nation's capital.

PH Resorts continues to talk with investors over Emerald Bay, no signed deals

PH Resorts has announced that has not yet signed any agreements with potential investors for the completion of its Emerald Bay project in Mactan, Philippines.

Wynn Macau 2Q24 forecast trimmed due to market share loss: DB

Deutsche Bank has trimmed Wynn Macau’s 2Q24 forecast due to market share loss to rival Galaxy Entertainment.

Macau’s July daily visitors averaging 87K, meeting expectations: MGTO

Macau Government Tourism Office (MGTO) deputy director Cheng Wai Tong reported that, as of Wednesday July 10th, the average daily visitors count for July stands at approximately 87,000, aligning with the office’s expectations.

Summit Ascent names Chang Heng Kit as new non-executive director

Hong Kong-listed Summit Ascent has appointed Chang Heng Kit as a new non-executive director.

Macau gov’t maintains junket cap at 50 licensees in 2025

The Macau government has decided to keep the cap on licensed gaming promoters at 50 for the year 2025, according to information from the city's Gaming Inspection and Coordination Bureau (DICJ).

Macau GGR to reach $29 billion in 2024: Goldman Sachs

Macau’s gross gaming revenue (GGR) is expected to reach $29 billion this year, representing 82 percent of pre-COVID-19 levels, according to projections by Goldman Sachs.

PAGCOR: former presidential spokesperson lobbying for illegal POGOs

Former Philippine presidential spokesperson Harry Roque has been identified as the "legal head" of a POGO hub in Pampanga, according to PAGCOR on Wednesday.

Growth of China’s lottery industry ‘remarkable’: China Ecotourism

China Ecotourism Group Limited has labeled the growth of China's lottery industry as 'remarkable' in recent years, as it secured new sports lottery terminal procurement bids for Shaanxi, Inner Mongolia, and Henan.

Melco project in Sri Lanka poised to capitalize on burgeoning Indian outbound tourism: MS

The new Melco Resorts & Entertainment City of Dreams project in central Colombo, Sri Lanka, could benefit from burgeoning wealth and outbound tourism from India, with its casino possibly helping to generate around 50 percent of the property's EBITDA, brokerage Morgan Stanley predicts.

Philippines Senate orders arrest of Alice Guo and 7 others for contempt

The Philippines Senate has cited Bamban, Tarlac Mayor Alice Guo and seven others for contempt and ordered their arrest for repeatedly ignoring inquiries into illegal activities involving Philippine Offshore Gaming Operators (POGOs).

LET Chairman calls extraordinary meeting to dispose of Tigre de Cristal assets

The head of the LET Group, Andrew Lo Kai Bong, is calling for an extraordinary general meeting (EGM) in an attempt to finally dispose of the company’s stake in Oriental Regent, operator of the Tigre de Cristal casino in Russia.

Philippines is pushing for more international air arrivals

The Philippine government is working to boost flight availability and establish new routes to the country, aiming to increase arrivals from key and emerging markets.

Philippines only to exit FATF grey list in 2025: central bank head

The Philippines is likely to postpone its deadline to exit the global FATF grey list to 2025.

SkyCity implements further measures against money laundering

SkyCity's chief risk officer is introducing fresh measures to prevent criminals from using the casino for money laundering. This comes after the company faces significant fines in both New Zealand and Australia.

POGO ban being pushed on Marcos administration, impacts being evaluated

The economic team of the Marcos administration has yet to discuss a potential ban on Philippine Offshore Gaming Operators (POGOs) in the country, although steps are now being taken to address the possible impacts of their expulsion on the economy.

Macau gaming tax up 67% YoY in 1H24

Macau's revenue from gaming taxes increased by 67.2 percent in the first six months of the year, reaching $5.57 billion, according to the latest data released by the city’s Financial Services Bureau.

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