Tuesday, June 18, 2019
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CNMI Bill proposes 10 percent net revenue tax

A local member of parliament has introduced a bill that would impose a 10 percent tax on net gambling revenue, while House Gaming Committee Chairman Ralph Yumul has drafted another that would prevent Imperial Pacific from writing off unpaid credit from its tax obligations.

Asia’s IRs power up green initiatives

As concern mounts about the global environment, many of Asia’s giant IRs are taking significant steps to minimise their impact, investing heavily in green technologies and other waste control initiatives.

SkyCity’s Queenstown problem unresolved despite land purchase

SKYCITY Ltd has now obtained permission to buy land in Queenstown for a new luxury hotel complex, but is still battling with regulatory issues...

Star Entertainment to cut jobs as VIP revenues dwindle

Australia’s Star Entertainment Group has cut its EBITDA forecast for fiscal 2019 and says it will slash hundreds of jobs to counter the impact of a sharp slowdown in its VIP business.

Laos casino investors express interest in Vanuatu

Vanuatu may be setting up its fourth land-based casino after receiving interest from investors in Laos to set up a casino on the island,...

IPI interested in online gaming

Imperial Pacific International would be interested in online gaming in Saipan if the Commonwealth of Northern Mariana Islands passes a bill to legalize the practice, local media reports.

Queen’s Wharf hotels to drive A$43 mln EBITDA per year

Additional hotel capacity at the Queen’s Wharf project will see the Star Entertainment Group (SGR) generate an additional A$43 million (US$30 million) in earnings...

NSW regulator to study Crown Sydney after Melco buy in

The gambling regulator in New South Wales plans to review its 2014 approval for Crown Resorts to build a six-star property in Barangaroo, Sydney, after Macau’s Melco Resorts & Entertainment bought a 19.9 percent stake in the Australian operator, Reuters reports.

See, hear, and imagine a better business with the 2019 AGE Seminars

‘Hyper Distraction’, ‘Customer Experience’, and ‘Sacred Cows’ are just a few of the thought-provoking topics and information you’ll gain from 2019 Australasian Gaming Expo...

IPI uses credits to defer tax payments

Imperial Pacific International said it was applying tax credits earned from previous years to defer paying income tax and blamed delays in land allocation, the weather and worker issues for its troubles in completing its Saipan resort.

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New LT Game slots to be available in June

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Melco to delay opening City of Dreams Mediterranean

The opening of Melco’s integrated casino resort in Cyprus has been pushed back six months due to the extensive infrastructure needed, local media reports....

Melco buys A330 to add to fleet, MNA reports

Melco Reports & Entertainment has bought a third plane, an Airbus A330, to its fleet to transport VIP gamers to its properties, MNA reports.

SkyCity online gaming site expected to launch mid-2019

SkyCity Entertainment Group on Wednesday has announced its Maltese subsidiary has partnered with international iGaming company Gaming Innovation Group Inc (GiG) to provide New...