Wai Ming Yap

Name: ASEAN Gaming Summit 2026
Start: 2026-03-17T00:00:00+08:00
End: 2026-03-19T23:59:59+08:00
Location: Manila

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https://www.morganlewis.com/bios/waimingyap

Wai Ming Yap is a partner at Morgan, Lewis & Bockius LLP and is also the Managing Director at Morgan Lewis Stamford LLC, a Singapore law corporation affiliated with Morgan, Lewis & Bockius. Copyright 2020. Morgan, Lewis & Bockius LLP. All Rights Reserved. This article is provided as a general informational service and it should not be construed as imparting legal advice on any specific matter.

Singapore

Singapore on cusp of regulatory overhaul

Wai Ming Yap - January 6, 2021

LATEST NEWS

Philippines

Okada Manila operator Universal records loss in 1Q25 as VIP slumps

AGBrief Editorial - May 15, 2025

The Japan-based operator of Okada Manila, Universal Entertainment, has reported a net loss of JPY7.56 billion ($51.53 million) for its fiscal year, due to a decrease in sales volume and drops in the VIP segment at the Manila IR due to a ‘decrease in the number of foreign guests’.

Singapore

Resorts World Sentosa Chairman Tan Hee Teck to step down on May 31st

AGBrief Editorial - May 15, 2025

Resorts World Sentosa Chairman and Genting Singapore CEO Tan Hee Teck will retire from his position on May 31st.

Philippines

Solaire North’s rapid ramp up helps Bloomberry achieve 14% GGR growth in 1Q25

Viviana Chan - May 15, 2025

Solaire North’s first full quarter lifts Bloomberry’s GGR 14% in 1Q25, helping cushion declines at Solaire Resort Entertainment City.

South Korea

GKL reports 57.9% net profit increase to $11.4M in 1Q25

Viviana Chan - May 15, 2025

Net profit at GKL reached $11.4 million for the first quarter ending March 31st, driven by robust casino sales and enhanced profit margins.

South Korea

Kangwon Land secures approval for 10x increase in VIP baccarat limits

Viviana Chan - May 15, 2025

Kangwon Land, the only South Korean casino open to locals, has announced a significant increase to betting limits for baccarat.

Australia

Aristocrat sees revenue increases across all segments, profit tops $474M in fiscal half year

Kelsey Wilhelm - May 14, 2025

Aristocrat has announced a 5.6 percent increase in profit for the first financial half year (ending March 31st), totaling AU$732.6 million ($474.36 million), bolstered by strong North American sales.

United States

IGT results drop in 1Q25 but are “in line with expectations”, as company focuses on lottery segment

Kelsey Wilhelm - May 14, 2025

International Game Technology (IGT) says that its first quarter results were “In line with expectations”, with revenue falling by 12 percent yearly to $583 million as it focuses on its lottery business.

Europe

SBObet surrenders Isle of Man online gambling license

Frank Schuengel - May 13, 2025

Celton Manx, the license holding entity for SBObet and various of its online presences, has surrendered its Isle of Man online gambling license.

Macau

Macau International Airport expansion project commences construction

Viviana Chan - May 13, 2025

The expansion project at Macau International Airport (MIA) has been kicked off. The undertaking aims to increase the airport's capacity and operational capabilities, targeting 15 million annual passengers.

Macau

Macau’s post-Golden Week slowdown shows 44% drop to $71.8M daily revenue

Viviana Chan - May 13, 2025

Despite a robust Golden Week, Macau saw a sharp 44% fall in daily gaming revenue after the holiday, exceeding typical dips.

Singapore

Marina Bay Sands completes hotel room renovation amid ongoing $1.75B upgrades

Viviana Chan - May 13, 2025

Singapore’s Marina Bay Sands has completed its hotel room renovations as part of a multi-year transformation project worth $1.75 billion.

Elsewhere

Sportradar tops expectations with 1Q25 results, with profit over $26.5M

Kelsey Wilhelm - May 13, 2025

Global sports technology company Sportradar achieved the top-end range of expectations for its 1Q25 results, with profit totaling $26.65 million.

Australia

Ainsworth expecting flat results in 1H25, despite improvements in Australia

Kelsey Wilhelm - May 13, 2025

Australian gaming machine manufacturer Ainsworth Game Technology is expecting to see relatively flat profit before tax for the first half of 2025, amounting to approximately $8.9 million.

Philippines

Philippines’ money laundering watchdog to investigate junkets over ransom paid for kidnapping of slain businessman

Kelsey Wilhelm - May 13, 2025

The Philippines Anti-Money Laundering Council (ALMC) has announced that it is investigating alleged money laundering linked to the ransom paid for the kidnapping of slain businessman Anson Que.

Hong Kong

HKJC aims to become ‘global sports entertainment brand’

Kelsey Wilhelm - May 13, 2025

The Hong Kong Jockey Club (HKJC) says that it plans to become a ‘global sports entertainment brand’, showcasing the city as a ‘center for global exchange, connectivity and tourism’.

Japan

Sega Sammy reports record-high results in gaming and hospitality biz for fiscal year

Viviana Chan - May 12, 2025

Japanese gaming giant Sega Sammy Holdings Inc. has reported record performance in its gaming and hospitality business for the fiscal year ended March 31st, 2025, driven by strong results from its Paradise City casino resort venture in South Korea.

South Korea

Paradise Co reports strong 1Q25 earnings despite decline in casino drop

Viviana Chan - May 12, 2025

South Korea's Paradise Co. posted strong 1Q25 results, with revenue up 7% yearly to $199 million and operating profit rising 18.3% to $40 million.

Macau

US-backed Macau operators can breathe easier after temporary tariff reductions between US and China

Kelsey Wilhelm - May 12, 2025

A temporary reduction on US-China tariffs has been announced, possibly lowering the chance Macau gaming operators could be used as a pressure point, but questions remain.

Macau

Macau Monetary Authority, gaming watchdog unconcerned over possible satellite casino closures

Kelsey Wilhelm - May 12, 2025

Macau's monetary authority and gaming watchdog show little worry about the potential impact of the possible closure of satellite casinos by the end of the year.

Macau

Melco strengthens position in Macau with 15.8% market share in 1Q25: Seaport

Viviana Chan - May 11, 2025

Melco Resorts & Entertainment has reported stronger-than-expected 1Q25 results, demonstrating significant market share gains in Macau while simultaneously reducing operational expenses.