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Sunday, March 16, 2025

William D. Greenlee, Jr. and Rohan Bishayee

William D. Greenlee, Jr. and Rohan Bishayee
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LATEST NEWS

Queensland February gaming tally up 4.7 percent yearly, but monthly results drop

February gaming results for pubs and clubs in Queensland came in up by 4.7 percent yearly, but fell by 8.2 percent monthly, according to data from Wohlsen Consulting.

Thailand selects four cities for casino developments

The special committee overseeing Thailand's entertainment complex project has announced Bangkok, Chon Buri, Chiang Mai, and Phuket as the first four locations for development.

Success Universe expects FY24 consolidated profit to drop 40-50%

Success Universe, investor in Macau’s Ponte 16, has announced that it is expecting a decrease in consolidated profit for FY24 of between 40 percent and 50 percent.

Philippines steps up efforts to avoid re-entry to FATF grey list

Philippine authorities are working hard to stay off the Financial Action Task Force (FATF) grey list after the country celebrated its redesignation last month.

Japan National Police estimate 3.37M Japanese gambled online

An estimated 3.37 million people in Japan have engaged in gambling at online casinos, with a staggering $8.4 billion wagered annually, according to a recent study.

Macau targets long-haul markets with relaunched discounted travel scheme

The Macao Government Tourism Office (MGTO) plans to relaunch a discounted bus and ferry fares scheme for foreign travelers arriving at Hong Kong International Airport and heading to Macau.

Rising debt levels among gaming suppliers signal mixed financial stability: CBRE

A recent report by CBRE Institutional Research highlights the increasing debt levels among gaming suppliers, revealing a mixed picture of financial stability across the sector.

Aristocrat CTO Andy Hendrickson resigns

Aristocrat has announced that its Chief Technology Officer Andy Hendrickson has resigned and ‘accepted a role at a competitor’.

MGM Resorts appoints NBCUniversal Ent. & Studios Chairman Dame Donna Langley to Board

MGM Resorts has announced the appointment of Dame Donna Langley, Chairman of NBCUniversal Entertainment & Studios, to its Board of Directors.

CNMI legal rep claims bidder for Imperial Pacific’s casino assets is “closely related to the debtor”: report

A legal representative of the Commonwealth of the Northern Mariana Islands (CNMI) says that Imperial Pacific International (IPI) facilitated the participation of the bidder for its casino assets, claiming the bidder is “closely related to the debtor”.

Asia Gaming Awards 2025 shortlist announced

The Asia Gaming Awards is back yet again on March 18th in Manila! With many exciting new shifts in the industry recently, this year celebrates both established excellence and the rising stars and disruptors that keep the industry fresh.

Sumsub reports iGaming fraud surge, 50% of firms lose 10% in revenue 

Sumsub, a full-cycle verification platform, is a key sponsor at the ASEAN Gaming Summit 2025, bringing timely insights from its latest research on iGaming fraud.

Paradise Co. secures $379M in financing for Seoul hotel construction

Paradise Co., a leading South Korean foreigner-only casino operator, has secured $379 million in financing from Woori Bank to fund the construction of a new hotel in Seoul.

Maybank raises Genting Berhad rating amid share purchases and potential catalysts

Maybank has upgraded Genting Berhad to a ‘Buy’ rating, citing recent share purchases by the Lim family and Genting's CEO at valuations near all-time lows. This move signals confidence in the company's prospects despite recent setbacks.

Foreign firms set to dominate New Zealand’s online gambling market: Report

Foreign companies are expected to take a leading role in New Zealand’s online gambling market as the government prepares to auction online casino licenses for the first time.

Sportsbet CEO criticizes past advertising campaigns

The CEO of Sportsbet, Australia’s largest online gambling company, has publicly criticized the company’s previous advertising strategies and acknowledged its failure to adequately address integrity threats in major sports.

Suzy Neilan named as new VGCCC CEO, starting April 1st

The Victorian Gambling and Casino Control Commission (VGCCC) has announced that it is appointing Suzy Neilan as its new CEO, with effect from April 1st.

Sri Lanka urged to accelerate Casino Regulatory Authority establishment

Sri Lanka's Committee on Public Finance (CoPF) has called for swift action to establish the Casino Regulatory Authority, warning that delays are causing revenue losses from unregulated online gambling.

Thailand delays casino bill decision, citing need for further review

Thai Prime Minister Paetongtarn Shinawatra has confirmed that her Cabinet will delay the final deliberation of the controversial casino bill, emphasizing the need for a thorough review and public consultation.

Bloomberry to launch new online platform, announces 2024 dividend

Bloomberry Resorts Corp. is preparing to launch an online platform aimed at expanding its presence in the electronic gaming market.

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