Sharon Singleton
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https://agbrief.com/about-asia-gaming-brief/Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television.
As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.
LATEST NEWS
SkyCity Adelaide casino operator could face fines of up to $48M
Australian Consumer and Business Services Minister Andrea Michaels plans to introduce new legislation to Parliament next week, aiming to significantly raise maximum fines for Adelaide's casino operator from $100,000 to $75 million.
RGB to acquire EGMs in the Philippines for $2.2M
Malaysian group RGB International will acquire a 20 percent stake in an East Timor electronic gaming machines company with a presence in the Philippines for some $2.2 million.
Citigroup trims Macau April GGR to $2.23B due to flat daily run-rate
Citigroup has trimmed its forecast for Macau's gross gaming revenue (GGR) from $2.3 billion to $2.23 billion for April due to the anticipated flattish daily run-rate.
Macau hotels fully booked for Labor Day, with prices 20% below CNY rates
UBS reports that Macau hotel prices for mainland China’s five-day Labor Day holiday season are 20 percent below this year's Chinese New Year (CNY) rates but bookings are high.
Macau plans to build outdoor concert venue near Cotai IRs
The Macau government has plans to construct an outdoor concert venue with a capacity to accommodate 50,000 attendees, located at the Cotai Strip.
Saipan casino watchdog delays Imperial Pacific license revocation decision
The Saipan Commonwealth Casino Commission (CCC) board has deferred its decision on whether to revoke Imperial Pacific International's exclusive gaming license in light of the company's Chapter 11 bankruptcy filing.
Senator urges Philippines gov’t to boost crackdown on foreigners involved in illegal POGOs
Philippine Senator Sherwin T. Gatchalian is urging the country's Bureau of Immigration (BI) to intensify efforts to prevent foreigners involved in illegal Philippine Offshore Gaming Operators (POGOs) from entering the country and establishing more illicit operations.
Macau gov’t gaming tax revenue tops $882M in March
Macau’s government brought in some $882.71 million in gaming tax revenue during the month of March, a 77.26 percent yearly increase but down slightly month-on-month.
FEC casino subsidiary Palasino raising $2M in new share allotment
The Hong Kong Stock Exchange has given the green light for a new share issuance by Palasino Holdings Ltd, a newly-listed subsidiary of developer Far East Consortium (FEC), with the issuance aiming to raise some $2 million.
President Marcos: Filipino hospitality a pillar of Philippine tourism
Philippine President Ferdinand R. Marcos Jr. has emphasized the pivotal role of Filipino hospitality in driving the growth of Philippine tourism and fostering overall economic development.
Imperial Pacific International files for bankruptcy
Imperial Pacific International (CNMI) LLC, facing mounting financial pressure, has sought refuge in Chapter 11 bankruptcy protection, halting negotiations with the Commonwealth Casino Commission (CCC).
Philippines top Macau int’l visitor market, visitation at 68% of FY19 levels in 1Q24
Macau's international visitor arrivals have already recovered to 68.2 percent of 2019 levels, with 584,026 foreign tourists received in the first quarter of 2024. The Philippines led the charge, with over 110K tourists.
Drops in VIP trigger 44% fall in PLC’s City of Dreams Manila GGR share
City of Dreams Manila saw a significant drop in VIP revenue during the first three months of the year, causing one of its parent companies - Premium Leisure Corp (PLC) - to record a 44 percent annual drop in gaming revenue from the property.
Morgan Stanley lowers Sands China’s 2024 EBITDA estimates due to share loss
Morgan Stanley has revised down Sands China’s 2024 EBITDA forecast to $2.4 billion, an 8 percent decrease, due to lower market share this year.
Suntrust secures $38M loan for development of Westside City Project
Philippines gaming operator Suntrust Resort Holdings has secured a $38 million loan from LET Group to ‘fund project costs and the construction of its Westside City Project hotel and casino.
The Star remediation plan was “too ambitious”, fraud could happen again: executives
Executives from The Star have highlighted shortcomings in the group’s remediation efforts, with one top official claiming they were “too ambitious” and another noting that fraud issues could possibly happen again.
Las Vegas Sands eyes on Thailand
Las Vegas Sands CEO Rob Goldstein has once again confirmed the company's interest in Thailand, responding to inquiries from investment bank analysts regarding the company’s 1Q24 results.
Shin Hwa World to raise $39.6M via rights issue
Hong Kong-listed casino developer Shin Hwa World Ltd has announced a series of capital reorganization measures, including plans to raise HK$263.7 million ($39.6 million) via a rights issue.
LET Group targets profit conversion after $31.2M loan repayment
Hong Kong-listed LET Group Holdings Ltd. aims to convert its share of losses in a joint venture into an accounting profit.
Aristocrat finalizes all regulatory approvals for NeoGames acquisition
Aristocrat Leisure Limited has announced that it has finalized ‘all necessary regulatory pre-approvals’ for its acquisition of iLottery and iGaming solutions provider NeoGames.
TOP AUTHORS
Crown Resorts found suitable to retain Sydney casino license
Crown Resorts is retaining its casino license in Sydney, after authorities in New South Wales ruled that the group’s remediation efforts have been sufficient, and the multi-million dollar investment were worth every penny, granting back its casino license.
