Thursday, October 22, 2020

Singapore arrests 35 in two gambling busts

Singapore police have arrested 24 people involved in illegal gambling and seized about $8,300 in cash in winnings.

Crown former chair may face ASIC referral

Crown Resorts' former Chairman Robert Rankin may be referred to Australia's Securities and Exchange Commission for failing to protect the company's staff in China, a suitability trial in Sydney heard.

Macau operators’ Q3 EBITDA loss to narrow to US$823 million

Macau's six operators are expected to post a collective EBITDA loss of $823 million for Q3, improving from a loss of $1 billion in Q2, according to a Bloomberg poll of analysts.

Crown ends information sharing with Consolidated Press

Crown Resorts says an agreement that allows its major shareholder to receive confidential information from the company has been terminated. Also, axed is an accord for Crown to request services from Consolidated Press Holdings at predetermined hourly rates.
Akimoto heading for rearrest in bribery scandal

Does Japan IR process invite misfortune?

Every nation that hosts casinos or IRs develops their own set of regulations to govern the industry, but did Japan just happen to throw together a jumble of elements into the mix that has actively invited misfortune?
Myanmar presents opportunity if the details are right

Myanmar presents opportunity if the details are right – Opinion

The entry into force of the new regulation has finally opened up the Myanmar gaming landscape to wider foreign participation. Casinos will now be allowed to operate after obtaining approval from the Union Government.

All Macau gaming workers could face additional Covid-19 tests

Macau’s 53,000 gaming sector workers could be asked to undergo another round of Covid-19 tests, local health authorities indicated.

Galaxy reiterates commitment to Japan IR bid

Ted Chan, Galaxy Entertainment’s COO for Japan, has welcomed the shift in the national IR development timeline and reiterated his firm’s intention to make a bid.

Poll suggests local opposition to Osaka IR increasing

A poll conducted by the Nihon Keizai Shinbun and TV Osaka suggests that local opposition to the construction of the proposed IR at Yumeshima in Osaka may be increasing, with 52 percent opposed versus 37 percent in favor.

Pacific Rim wants to force IPI to sell its gaming machines

Pacific Rim Land Development has issued a motion asking the US District Court for the NMI to authorize it to auction Imperial Pacific International’s assets to satisfy the US$5.5 million balance due on a civil judgment.

TRENDING ARTICLES

Macau Casino Dealer

Coronavirus live updates: Macau gaming workers to face more Covid-19 tests

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

Covid survey bodes ill for Golden Week

A Bank of America survey held in August found that only 47 percent of Mainland Chinese travellers who want to visit Macau would be willing to take a Covid-19 test, casting doubt on visitation for the upcoming Golden Week holiday. 
Andhra Pradesh considers legalization of offshore casinos

Andhra Pradesh considers legalization of offshore casinos

The state government of Andhra Pradesh, which last month moved to ban all online gambling, is now said to be considering the legalization of...

China racing gets government backing

Racing in China has received government backing following the unveiling of a five-year blueprint for the country’s equine sector in which the promotion of the sport and a related lottery form a key part of the strategy.
Sihanoukville

Sihanoukville strives for mass market transformation

While it’s too early to say Cambodia’s coastal gambling hub has risen phoenix-like from the ashes, there are encouraging signs that Sihanoukville is serious about transforming into a mass market tourism destination, with a significant improvement in urban infrastructure.

Despite losses, LVS says recovery is well underway

Las Vegas Sands put a positive spin on the future outlook as it reported another quarter of heavy losses triggered by the Covid-19 pandemic.

The Star releases chairman and CEO addresses and trading update

On Thursday morning, The Star issued a trading update combined with the chairman and CEO addresses to the firm’s Annual General Meeting.