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Thursday, March 27, 2025

Jay Chun

Jay Chun
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https://www.hk1180.com/
Jay Chun is the director of the Paradise Entertainment Group and Chairman of MGEMA.

LATEST NEWS

Asian Poker Tour cancels Manila tournament

The Asian Poker Tour (APT) has announced the cancellation of its APT Manila 2025 tournament, originally scheduled to take place from May 30th to June 8th at the City of Dreams Manila.

New residential tower planned for former Crown Melbourne plot

Formerly part of Crown's Southbank precinct in Melbourne, the prime land opposite Crown Casino is set to be transformed into a 67-storey residential tower, a project which could cost $950 million.

Thai prime minister defeats no-confidence motion in Parliament

Thai Prime Minister Paetongtarn Shinawatra has successfully survived a no-confidence vote in parliament, overcoming accusations from opposition parties that she is influenced by her father, former premier Thaksin Shinawatra.

Shipment of racehorses from Macau Jockey Club to mainland China completed

Following the termination of its horse racing contract with the Macau SAR Government in April of last year, the Macau Jockey Club (MJC) was required to relocate all its horses by the end of March 2025, and has successfully done so.

Resorts World Sentosa to launch new retail and lifestyle area in 2H25

Resorts World Sentosa (RWS) has announced the upcoming launch of Weave, a retail and lifestyle area scheduled to open in the second half of 2025. This new development, previously known as The Forum, is part of RWS's broader transformation strategy.

HK Jockey Club’s mainland China racing debut delayed to October of 2026, due to rain

The Hong Kong Jockey Club’s aspirations to potentially have horse racing betting based upon races in mainland China could have been slightly set back, given that the Conghua racecourse in mainland China has had its racing debut pushed back.  

Gaming expert defends NIDA’s survey on casino legalization in Thailand

Recent survey results on Thailand’s proposed casino legalization have drawn attention, with gaming expert Daniel Cheng emphasizing the reliability of controlled polling methods amid contrasting findings.

NagaCorp GGR reaches nearly $543M in FY24

Cambodian gaming operator NagaCorp announced that for the FY24, the group achieved gross gaming revenue of $542.9 million, an increase of 5.5 percent year-on-year, and net gaming revenue of $480.33 million, an increase of 8 percent year-on-year.

Bet365 to exit Chinese market by March 27th

Online gaming platform Bet365 has informed its clients that it will cease operations in the Chinese market by March 27th, 2025.

PhilWeb denies PlayTime backdoor listing reports

Philippines-listed eGames service provider PhilWeb Corporation has firmly denied reports suggesting that the online gaming platform PlayTime is pursuing a backdoor listing through the company.

The Star extending terms of deed for $590M refinancing deal with Salter Brothers to April 1st

Embattled Australian gaming operator The Star has announced that it has extended its refinancing possibility with Salter Brothers Capital to April 1st of 2025.

Macau Legend facing $82M loss for FY24, impacted by cancelled Cape Verde casino project

Macau satellite casino operator Macau legend has released a profit warning, indicating that it is expecting a $82.32 million loss for FY24 compared to a $630K loss for 2023.

UAE gaming market GGR to reach between $5 to $8 billion – Wynn CEO

Wynn Resorts CEO Craig Billings estimated the UAE gaming market GGR could reach volumes ranging from $5 to $8 billion.

Thailand’s entertainment complex plan gains public support, faces scrutiny

The Thai government's proposal to legalize entertainment complexes featuring casinos has received considerable public support, according to a recent public hearing.

Macau GGR at $1.82B in first 23 days of March: Citigroup

Market-wide casino gross gaming revenue (GGR) in Macau reached MOP14.6 billion ($1.8b nillion) in the first 23 days of March, according to estimates from Citigroup.

US Supreme Court rejects Steve Wynn’s challenge to defamation standard

The U.S. Supreme Court declined to hear an appeal from casino mogul Steve Wynn regarding the defamation protections established in the 1964 case New York Times v. Sullivan.

Direct flights now required for POGO-linked deportees

The Philippines' Bureau of Immigration (BI) has implemented a new policy requiring direct flights for the deportation of foreign nationals involved in crimes linked to Philippine Offshore Gaming Operators (POGOs).

India blocks 357 illegal gaming websites

The Indian Directorate General of Goods and Services Tax Intelligence (DGGI) has intensified its crackdown on illegal offshore online gaming by blocking 357 websites and 2,400 bank accounts linked to these entities.

Macau visitor arrivals decline for the first time post-COVID reopening

Macau experienced its first yearly drop in visitor arrivals since the January 2023 COVID-19 reopening, with February 2025 seeing just 3.14 million visitors.

Resorts World Las Vegas to pay out $10.5M settlement to Nevada over AML complaint

Genting Berhad has agreed to pay a $10.5 million fine to the Nevada Gaming Commission as part of a settlement over its Resorts World Las Vegas property in the United States.

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