Friday, October 30, 2020
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Grand Lisboa Casino Macau

Signs of silver linings 

Faced with the ongoing onslaught of negative news from around the world, you may have missed a few things this week that when put together point to a more optimistic view of Asia’s gambling industry. 

VCGLR made no attempt for two years to interview arrested Crown employees

Victoria’s casino regulator did not attempt to interview Crown Resorts staff who were arrested and imprisoned in China for illegally promoting gambling until after one of them appeared on television two years into the watchdog’s investigation.
novomatic slots

Dancing Tiger & Dancing Lantern

The latest game releases for the NOVO LINE Interactive platform add two special Asian highlights to the broad NOVOMATIC game portfolio. Dancing Tiger and Dancing Lantern present colourful variations of the popular ALLPAY game play and exciting jackpot thrills.  

UBS acquires 12.58% stake in Jumbo Interactive through share offering

Investment bank UBS has acquired a 12.58 percent stake in Jumbo Interactive as a result of its accord to underwrite a secondary share offering. 

Reef Casino Trust posts strong start to H2

Reef Casino Trust said it has had a solid start to the second half of the year after the reopening of the Reef Hotel Casino in July, which generated rental income and resulted in a "strong" profit for the quarter.

The Star going smoke-free in QLD and NSW by end of 2022

The Star Entertainment Group announced its properties in Queensland and New South Wales will be smoke-free indoor environments by the end of 2022.

Plan to open Crown Sydney in December under increased scrutiny

Crown Resorts is under growing pressure to delay its planned December opening of its Sydney casino until after the New South Wales Independent Liquor and Gaming Authority decides on its suitability to hold a license.
Australia turns up the heat on gambling companies

Australia turns up the heat on gambling companies

Australia is again turning up the heat on gambling companies, this time with a bill that will make them responsible to compensate victims of players who used funds obtained illegally.

Aquis says operating cash flow positive, business strong

Aquis Entertainment said its operating cash flow in the recent quarter was positive and although visitation is down, business is strong. It has now also recalled most of the staff laid off during the Covid-19-mandated closures.

Crown outlook revised to negative by Fitch on probes

Fitch Ratings has revised its ratings outlook on Crown Resorts to negative from stable due to ongoing regulatory probes, but said it doesn't think the operator will lose its license.

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Asia turns up heat on online gambling

Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
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Highlight Games has entered the Philippines and its sports betting products will be made available in 350 retail outlets across the country.

Two former 500. com advisers found guilty

Two former advisers to a Chinese gambling operator seeking to enter Japan’s nascent casino market were found guilty Monday of bribing a Japanese lawmaker.