Wednesday, October 16, 2024

Jamie Nettleton

Jamie Nettleton
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https://iclg.com/firms/addisons/jamie-nettleton
Jamie Nettleton, is a partner at law firm Addisons.

LATEST NEWS

Macau offered over 70,000 discounted air tickets to attract international tourists

Some 70,000 discounted flight tickets were offered by Macau tourism authorities by end 1H24, in a bid to boost foreign visitation.

Bloomberry Resorts secures $1.24B refinancing deal

Bloomberry Resorts Corporation has successfully completed the refinancing of a $1.24 billion loan, helping lighten its debt burden as Solaire Resort North ramps up.

Gambling addiction among South Korean teens doubled over past 4 years

Gambling addiction amongst South Korean teens has doubled in the past four years, alongside a 14-fold surge in online casino use.

Hotel price increases help drive up Macau’s Tourist Price Index in 3Q24

Higher hotel prices in the third quarter helped push up Macau’s Tourist Price Index by nearly 4.43 percent quarterly, boosted by the summer holiday.

PAGCOR contractual workers not government employees, Supreme Court rules

Philippines Supreme Court rules that contract of PAGCOR service and job order workers are not considered government employees.

Crown Melbourne fined $1.34 million for failing to enforce self-exclusion measures

Crown Melbourne has been hit with a AU$2 million ($1.34 million) fine by the Victorian Gambling and Casino Control Commission (VGCCC) for allowing 242 self-excluded individuals to gamble at its casino.

POGO shuttering proving successful, only 100 POGO hubs being monitored: PAOCC

The Philippines’ efforts to eliminate Philippine Offshore Gaming Operators (POGOs) are proving successful, with only 100 POGO hubs being monitored.

Suspicious Transaction Reports by Macau gaming operators down in 3Q24

The number of Suspicious Transaction Reports (STRs) filed by gaming operators in Macau in the third quarter of the year fell to 860, the lowest quarter of the year so far.

Genting Bahamas operator being sued $600M by stakeholder for alleged fraud

A stakeholder in Genting-operated Resorts World Bimini, in the Bahamas, is seeking damages in excess of $600 million.

Blackstone injected nearly $340M into Crown in 2023: report

The Blackstone Group reportedly injected nearly AU$500 million ($337 million) into Crown Resorts in 2023 following its significant penalties for breaking anti-money laundering and counter-terrorism financing (AML/CTF) legislation.

Macau gaming tax reaches $8.31B in 9-month period

Macau's gaming tax revenue reached just under MOP66.40 billion ($8.31 billion) in the first nine months of this year, surpassing the full-year total of MOP65.26 billion ($8.16 billion) collected in 2023, according to official data released by the Macau Financial Bureau (FSB).

Suntrust appoints IGT as gaming contractor for Westside City project 

Suntrust has appointed IGT as the contractor for its Westside City project in Manila, which is scheduled to open in the first quarter of 2025.

Underground Poker den raided in Pattaya, nine foreigners arrested

Thai police in Pattaya raided an illegal poker game in Nong Prue last Wednesday, arresting nine foreign nationals in the process. Among them were three...

Philippine authorities nab 38 foreign nationals in suspected Cebu POGO operation

Authorities in Cebu arrested 38 undocumented foreigners, believed to be Chinese nationals, during a raid on a suspected Philippine Offshore Gaming Operator (POGO) facility in Barangay Saavedra, Moalboal.

Philippine Senator warns local government units: no tolerance for POGOs

Senator Sherwin Gatchalian has issued a warning to local government units (LGUs) in the Philippines, urging them to take note of the recent suspension of Porac, Pampanga officials by the Office of the Ombudsman.

Alleged POGO criminal network leader Lyu Dong arrested in the Philippines

In a major operation on Thursday, October 10th, authorities in the Philippines arrested Chinese national Lyu Dong, a key figure behind illegal Philippine Offshore Gaming Operators (POGOs).

Sam Hou Fai elected as Macau next Chief Executive 

Former judge Sam Hou Fai has been elected as the Chief Executive of Macau, securing an overwhelming 394 out of 398 votes cast in the election held on Sunday.

Queensland’s September gaming tally up 7.7% yearly

The September gaming results in the Australian state of Queensland showed an increase of 7.7 percent compared to the previous year. However, there was a marginal decline of 10 percent from the record figures of August 2024, according to data from Wohlsen Consulting.

SJM’s Kam Pek Market food stalls to open before 2025 CNY

Macau gaming operator SJM Resorts has announced that the Kam Pek Market is set to open between mid-December 2024 and the Chinese New Year in 2025.

Philippine Government steps up POGO ban, closure by year-end

The Philippines' newly appointed Interior Secretary, Jonvic Remulla, has committed to ensuring the complete shutdown of all Philippine Offshore Gaming Operators (POGOs) by year-end.

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