Tim Shepherd
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http://www.fortunaworldwide.com/Tim Shepherd is the Founder and Senior Partner of Fortuna. Tim is an experienced investor and advisor in hotels and resorts across Asia Pacific and has been based in Hong Kong for 26 years. Partners in Finance & Investment, Compliance and Strategy support Fortuna’s investments and advisory work around the region.
LATEST NEWS
Macau anticipates surge in tourist arrivals during October Golden Week
Macau is preparing for a significant increase in tourist numbers during the upcoming October Golden Week.
Entertainment complex law takes center stage in Thailand’s new policy agenda
Thailand's new prime minister, Paetongtarn Shinawatra, is set to officially unveil her policy agenda this week, with the "Entertainment Complex Law" emerging as a key highlight.
Macau 2023 gaming receipts jumped by 308.1%, expenditure up 98.6%
Macau's gaming sector experienced a dramatic increase in receipts in 2023, soaring by 308.1 percent year-on-year to $23.5 billion.
Lawmaker calls for forfeiture of POGO-owned properties in the Philippines
A Philippine legislator has urged the country’s Land Registration Authority (LRA) to seize real estate illegally owned by Philippine Offshore Gaming Operators (POGOs) and the family of ex-Bamban mayor Alice Guo.
“POGO Mayor” Alice Guo cited in contempt during Philippine Senate hearing
The Philippine Senate Committee on Women, Children, Family Relations, and Gender Equality has cited former Bamban mayor Alice Guo in contempt for evading questions during a recent hearing.
Philippine Congressman calls for faster shutdown of remaining POGOs
A politician in the Philippines has called for the shutdown of any remaining Philippine Offshore Gambling Operators (POGOs) to be accelerated.
13 charged in Singapore for unlicensed payment services at MBS casino
A total of 13 individuals were arrested and charged in Singapore after a recent operation at Marina Bay Sands (MBS) casino for allegedly offering unlicensed services, including the buying and selling of casino chips to patrons.
16 foreigners face charges in the Philippines following Cebu POGO raid
The Philippine National Bureau of Investigation (NBI) has filed charges against 16 foreign nationals following a raid in Cebu. The Central Visayas office of the NBI charged the individuals with qualified human trafficking after raiding a suspected Philippine Offshore Gaming Operator (POGO) hub in Barangay Agus, Lapu-Lapu City.
The Star appoints former Crown COO Mark Mackay as CEO for The Star Gold Coast
Australian gaming operator The Star Entertainment has appointed former Crown Resorts COO Mark Mackay as its Chief Executive Officer of The Star Gold Coast, effective from Tuesday.
Wynn Las Vegas pays record fine over unlicensed money transmitting business
Wynn Resorts has announced that it has reached an agreement with the United States Department of Justice (DOJ) to pay the largest penalty ever by a Nevada gaming company: $130.13 million.
Five-day mandated closure of SkyCity Auckland casino commences
SkyCity’s Auckland casino has officially commenced the five-day closure period of its casino, as mandated by New Zealand’s Department of Internal Affairs.
The Star to sell Treasury Brisbane Casino building for $45.5M
Australian gaming operator The Star Entertainment Group has announced that is subsidiary in Queensland has reached an agreement to sell its leasehold on the Treasury Brisbane Casino building for $45.5 million.
75 Chinese POGO employees deported from the Philippines
The Presidential Anti-Organized Crime Commission deported 75 Chinese nationals after discovering they were employed at an illegal Philippine Offshore Gaming Operator (POGO) hub in Pasay City.
Universal Entertainment completes early redemption of $760M notes
Japanese conglomerate Universal Entertainment Corp, the parent company of Okada Manila, has completed the early redemption of overseas privately placed notes valued at $760 million.
Creditors of IPI continue to oppose sale price of casino property
The unsecured creditors of Imperial Pacific International continue opposed to the bid price for the sale of the casino property, filing an opposition to IPI’s motion to approve the bid price of $10 million.
No report yet on displaced POGO workers: Labor Secretary
No report on displaced Philippine Offshore Gaming Operator (POGO) workers has yet been received by the nation’s Department of Labor and Employment, according to the Labor Secretary.
AGEM Index increased by 5.5 percent m-o-m in August
The AGEM Index marked August with a high note, rising by 5.5 percent from the prior month. Compared to one year ago, the index was up by 35.7 percent.
Alice Guo back in Manila, faces decades in prison if convicted of money laundering
Dismissed Bamban 'POGO Mayor' Alice Guo is back in Manila and, together with alleged conspirators, could face up to 560 years in prison if convicted of money laundering.
Super Typhoon Yagi severely restricts travel to Macau
Super typhoon Yagi has already severely limited non-land based travel to Macau, with ferry services between the gaming hub and Hong Kong suspended entirely as of 3pm (from Hong Kong) and 4pm (from Macau).
Philippines, Indonesia discuss possible swap for fugitive Alice Guo
Authorities from the Philippines and Indonesia are discussing a potential prisoner swap involving fugitive POGO mayor Alice Guo and an Australian drug smuggling suspect wanted by Jakarta.
New Macau Chief Executive candidate unlikely to change overall economic orientations
The new (likely) top leader of the world’s highest-grossing gaming jurisdiction brings many questions with him. But, despite the trepidation, a top economist notes that Macau’s “general economic orientations are unlikely to change”.