Sunday, November 10, 2024

Wai Ming Yap

Wai Ming Yap
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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. 

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Global sports technology company Sportradar has further raised its FY24 outlook after seeing a significant increase in profits, driven by strong revenue and adjusted EBITDA rises in the third quarter.

Light & Wonder signs 7-year Platform as a Service deal with SkyCity

Gaming equipment and services provider Light & Wonder has inked a seven-year Platform as a Service (PaaS) systems deal with New Zealand and Australia gaming operator SkyCIty to ‘transform its casino floor and enhance player experience’.

Entain appoints Dafne Guisard as new Chief Operations Officer, effective January

Global sports betting and gaming group Entain has announced the appointment of Dafne Guisard as Chief Operations Officer, effective from January 13th, 2025.

Jumbo Interactive sees lottery revenue fall on ‘subdued jackpot environment’

Australia-based Jumbo Interactive has announced a revenue drop of 8.1 percent during the four months to October 31st, ‘mainly due to the subdued jackpot environment’.

Belle Corp sees gaming share from CoD Manila contract but leasing revenue increase

Belle Corp, the Philippine-listed parent company of Premium Leisure Corp (PLC) saw a 17 percent contraction in its share of gaming revenue from City of Dreams Manila during the first nine months of the year.

Genting Singapore reports sharp decline in net profit for 3Q24, citing slow recovery

Genting Singapore, the operator of Resorts World Sentosa (RWS) in Singapore, reported a net profit after tax of $59.8 million for the third quarter of FY2024, ending September 30th.

Macau predicts 400k visitors during four-day Grand Prix

Macau's tourism authorities predict that the four-day Macau Grand Prix will attract over 400,000 visitor arrivals, with hotel occupancy rates expected to exceed 90 percent during the event.

Delta Corp sees 24.4% Y-o-Y drop in revenue during 3Q24

Indian casino operator Delta Corp has experienced a sharp decline in revenue and net profits during the third quarter of 2024 compared to the same period last year, primarily due to a slowdown in gaming operations.

Casinos a significant boost for Thailand’s tourism – Agoda CEO

Thailand's steps towards legalizing gambling will greatly enhance foreign tourist arrivals, according to Omri Morgenshtern, CEO of Agoda, an Asia-focused online travel agency.

Macau operators and authorities strategize on new Law on Illegal Gambling

The Judiciary Police convened with the Gaming Inspection and Coordination Bureau (DICJ) and representatives from the six Macau gaming operators to discuss the implementation of the new "Law on Illegal Gambling Activities," aimed at comprehensively addressing gambling-related criminal activities.

Senator calls for unified action against POGO-linked crimes

Philippines' Senator Sherwin Gatchalian urged various government agencies involved in combating Philippine Offshore Gaming Operators (POGOs) and associated criminal activities to enhance their coordination.

Melco confident in revamped marketing strategy despite no share gains

Macau gaming operator Melco Resorts’s management has expressed confidence in its current marketing strategy, despite it not yet resulting in a market share gain.

Ponte 16 takes a step closer to starting Floating Casino construction

To align with the revitalization project for Inner Harbor Pier No. 16, the government has approved a modification to the land grant for Ponte 16, which is now set to move closer to the construction of the Floating Casino.

LET Group faces setback as two executives resign again

LET Group Holdings is facing challenges after two independent non-executive directors resigned, resulting in non-compliance with Hong Kong Stock Exchange (HKEX) rules.

Philippines tourist numbers rise to 4.8 mln in Jan-Oct, Koreans top the list

The Philippines experienced a robust rise in tourist arrivals from January to October 2024, welcoming 4.87 million visitors, a 9.76 percent increase from the same period last year.

MGTO and partners promote Macau tourism to Southeast Asia market 

In a bid to attract more Southeast Asian tourists, the Macau Government Tourism Office (MGTO) has partnered with tourism authorities from Hong Kong and Guangdong to produce a travelogue entitled "Hashtag Travelog" aimed at promoting the Greater Bay Area (GBA) as a top regional destination. 

PH Resorts announces board resignation amid new government role

PH Resorts Group Holdings Inc. (PHR) has reported that Ms. Ma. Angela E. Ignacio has resigned from her position as an independent director.

Andrew MacDonald announces new professional position

The former Director and Chief Casino Officer of Genting Singapore’s Resorts World Sentosa (RWS) Andrew MacDonald has announced he will now serve as CEO of MagIQ Gaming in Singapore.

Chinese Navy alerts young officers to online gambling risks

In an uncommon advisory, the Chinese Navy has issued a warning to young officers and military personnel regarding the dangers of online dating scams and virtual gambling.

Macau’s gaming and hotel foreign worker numbers continue to increase: statistics

The number of foreign workers in Macau reached 182,371 at the end of September, the first monthly drop since the relaxation of entry and exit policies in January 2023.

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