Friday, July 10, 2020
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IPI seeks accord on account to continue works

Imperial Pacific International is seeking permission to form a restricted account, instead of posting a bond, that will allow it to maintain cash flow to pay employees on time, according to local media reports.

Star Gold Coast to focus on local high rollers

Star Entertainment’s Gold Coast property plans to focus on luring Australia’s high rollers in the absence of overseas tourists, Group Executive of Operations Geoff Hogg told a local newspaper.

Renewed Victoria lockdown hits Crown Melbourne reopening plans

Crown Melbourne, the largest casino in Australia, will not be benefitting from the wave of reopenings after Victoria Premier Daniel Andrews announced that the...

Guam Attorney General tries to keep electronic gaming rooms closed

The Office of the Attorney General in Guam has been in a long-running battle against electronic gaming rooms on the island, and is currently...

SkyCity gets government warning over online ad

SkyCity Entertainment was given a formal warning by the Department of Internal Affairs for breaching the Gambling Act after it emailed loyalty customers in March, saying that its online casino was still open for business despite the Covid-19 lockdown.

Chinese workers claim $11.58m in damages from IPI

Seven Chinese workers, who were hired by subcontractors of Imperial Pacific International, are seeking $11.58 million in damages from the operator due to injuries suffered on site and poor working conditions, local media reports. 

Donaco takes “urgent” capital raising measures

Donaco International said it’s seeking to raise $14.4 million capital through a pro-rata entitlement offer due to an “urgent” need for funds because of the impact of Covid-19 on its business.

Poor regulation undermines CNMI gaming industry

“As soon as we catch up on our cash flow, we will also catch up on payroll,” a spokesperson for the casino resort in the Commonwealth of the Northern Mariana Islands told reporters.

Regulator says following legal process in IPI dispute

Commonwealth Casino Commission head Edward Guerrero said he would have revoked a casino license for Imperial Pacific International already, if it hadn’t been for the need to follow due legal process.

Half of Star slots operational on opening: JP Morgan

Half of the slot machines were in operation on the first day of opening to the general public of Star Entertainment’s property in Sydney, though business appeared to be brisk, according to analysts at J.P. Morgan.

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