Saturday, April 13, 2024

Susan O'Leary

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Susan O’Leary is the CEO of Alderney eGambling, the Alderney regulator’s strategic and development body. As a lawyer, she represented some of the world’s leading eGambling operators and gambling service providers including many of Alderney’s licensees for many years; and as such has perspective on both the commercial and regulatory elements. Susan has a clear understanding of the online landscape and is a regular speaker at key industry conferences and events globally. 


Macau illegal gambling law imposes fines for gambling in public places

Macau's new illegal gambling bill aims to impose fines for gambling activities in parks and other public places.

Non-gaming offerings to shield Genting from possible reduction in Chinese gamblers – Board of Directors

In a response to shareholders questions ahead of its board meeting, Genting Singapore stated that the improvement in Chinese arrivals is expected to contribute positively to its performance and touted future non-gaming offerings as a response to the warning issued by Chinese authorities for the country's citizens to avoid gaming in the city-state.

The Star records net loss of $4.4M due to absence of high-end players

Australia’s Star Entertainment Group faced another setback as it disclosed a net loss of AU$6.8 million ($4.4 million) in the first quarter of 2024, attributed to the ongoing absence of high-end players.

India supreme court suspends money laundering case against lottery businessman Santiago Martin

The Indian Supreme Court has temporarily halted the trial proceedings in a money laundering case against lottery tycoon Santiago Martin under the Prevention of Money Laundering Act (PMLA)

SJM and MGM to outperform in 1Q24 – CITI

Brokerage firm Citi forecasts that SJM Holdings and MGM China are likely to emerge as the operational outperformers for the first quarter of 2024 in Macau's gaming industry, underlining, especially, MGM's advantage in the use of radio frequency identification (RFID) technology in gaming tables.

Philippines receives 1.6M international tourists in 1Q24, Chinese arrivals surge 150% 

The Philippines' tourism market continues its positive momentum. In the first quarter of the year, the country received nearly 1.6 million international visitors, marking a 21.3 percent increase compared to 1Q23.

Imperial Pacific agrees with $24M settlement in 2024

Commonwealth Casino Commission (CCC) executive director Andrew Yeom revealed under the draft stipulation agreement, Imperial Pacific International (IPI) will pay a total of $24 million in 2024.

Queensland’s March gaming tally up 7.9% yearly

A dispatch by consultancy company Wohlsen Consulting states that gaming gross revenue in the Queensland club and pub markets increased 7.9 percent in March and 6.7 percent from the previous month.

Imperial Pacific gaming license decision delayed to April 22nd

After lengthy discussions, the Commonwealth Casino Commission (CCC) has set April 22nd as the final deadline for its executive director and Imperial Pacific International (IPI) to reach a settlement agreement.

Multi-entry visa for tour groups between Macau and Hengqin under evaluation: gov’t

The Chinese government is considering the creation of a new visa type intended for Chinese tour groups, allowing multi-entry between Macau and Hengqin during a specified period.

High indebtedness could pose future repayment challenges: MGM China

MGM China has warned in a recent report that its 'high indebtedness' could 'pose challenges' for the operator to meet its obligations regarding unsecured notes.

Galaxy dividend distribution displays strong financials, Phase 4 still set for 2027 opening

Galaxy Entertainment Group indicated that its recently announced dividend is to be paid out in April is a sign of the group's strong financial situation.

Thai cabinet endorses committee casino report

The Thai Government Cabinet has approved a report from a special house committee regarding the possibility of establishing entertainment complexes with casinos in Thailand.

Malta, Curacao and Cyprus companies under scrutiny by India over cyber fraud syndicate

Indian authorities are zeroing in on online gaming companies and websites which are incorporated in Curacao, Malta and Cyprus after the arrest of a Delhi man involved in a cyber fraud case worth hundreds of millions of dollars.

Christchurch gambling venue manager pleads guilty to six figure theft

A gambling venue manager in New Zealand has admitted embezzling over NZ$180,000 ($109,000) in gambling grants sourced from proceeds generated by ‘pokie’ machines in Christchurch.

Melco Resorts senior notes should help finances, possible EBITDA of $1.3B in 2024: Moody’s

Both Moody's Ratings and S&P Global Ratings issued evaluations on the recently announced senior notes linked to Melco Resorts & Entertainment Limited, stating the move should help the group repay its debt and improve financial leverage.

Philippines Bureau of Immigration ups blacklist for illegal online gambling hubs

Authorities in the Philippines are increasing the pressure on illegal online gambling hubs, barring over 150 Vietnamese nationals from the country in the month of March alone.

Share of tourists from ASEAN exceeded pre-COVID, while China lags behind

A study by the ASEAN+3 Macroeconomic Research Office (AMRO) has found that intraregional tourism within ASEAN+3 countries was ‘particularly strong’, except for China, where the recovery of outbound tourism has significantly lagged.

Macau lawmakers confirm non-profit mahjong play as legal

Macau lawmakers have confirmed that playing mahjong is not illegal when it is played without any profit-making purpose.

CCC to decide on IPI casino license as negotiations continue

The negotiations for a settlement with Imperial Pacific International (IPI) are ongoing. As of Tuesday afternoon, the Commonwealth Casino Commission (CCC) had not taken any official action, while IPI stated they did not have a comment at this time, according to the report.