Sunday, December 8, 2019
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Kings Knight bids for Lasseters, seeks Cambodia business opportunities

Kings Knight Capital, which is backed by a Taiwan businessman with experience in Macau’s VIP sector, has offered to buy Australia’s Lasseters Corp., with...

NagaCorp may see margin squeeze from junket commission, staff costs: MS

Following NagaCorp’s 15H1 results, in which the operator reported net profit of $101 million, up 49 percent year-on-year, Morgan Stanley says that it has concerns of...

Nagacorp 1H GGR gains 42 percent driven by VIPs

Nagacorp said its gross gaming revenue surged 42 percent in the first half, driven by a 50 percent jump in VIP rollings. The company, which...

China crackdown puts spotlight on political risk in Asia

While most countries across Asia pose some degree of political risk, Taiwan is perhaps one of the more complex jurisdictions due to its relations with neighbouring China.Domestic politics, public opinion and cross-straits relations may all play a part as the island debates moves to allow a casino industry on its outlying islands. Bill Bryson, a senior advisor at Global Market Advisors, outlines some of the risks and mitigating factors.a)  Possible change of ruling party: Taiwan is a full-fledged democracy, in which all elected government positions, including the President, are directly elected by the people of Taiwan. The current ruling party, the Chinese Nationalist Party (“KMT”), is generally favorably disposed towards creating a casino gaming industry and has a clear majority in the Taiwan legislature. The current opposition party, the Democratic Progressive Party (“DPP”), is generally not favorably disposed towards casino gaming, but is less concerned about the establishment of casino gaming on Kinmen and Matsu since it does not consider those two islands, which sit just off the coast of Fujian Province within sight of the Chinese mainland, to be part of Taiwan.

Cambodia collects 20 percent more gaming tax in H1

Cambodia collected $12 million in tax from casinos in the first six months of the year, a year-on-year increase of 20 percent, local media...

Jimei unit to run VIP operation in Nagaworld

Jimei International said one of its units will run a junket operation at NagaCorp’s NagaWorld casino in Cambodia for an initial period of one...
Cambodia, Star Vegas

Donaco International promotes deputy CFO

Donaco International Ltd announced that the company’s deputy chief financial officer, Chong Kwong Yang, has been appointed to the senior position of chief financial...

Donaco confirms ownership of Star Vegas

 Donaco International confirmed that it has completed the acquisition of the Star Vegas Club and Resort in Poipet, Cambodia. “The Company now has ownership and...

Acquisition of Star Vegas Resort in Cambodia on track

Donaco International announced that the acquisition of the Star Vegas Resort and Club in Poipet, Cambodia, is on track for completion on 1 July,...

Global VIP market slowing, Morgan Stanley says

The VIP market is showing signs of slowing growth globally and not just in Macau, according to a report from Morgan Stanley. In Q1, 2015,...


POGOs to resist political pressures

With the win from China-facing igaming operations forecast to hit $33 billion in 2019, the Philippines has little incentive to curb activities of POGOs.

Hokkaido governor nears decision on IR bid

Hokkaido Governor Naomichi Suzuki is nearing his decision on whether or not to pursue an IR bid at Tomakomai city, but even conservative political forces are having difficulty uniting behind a pro-IR policy.

POGO crackdown has produced $25 million in extra tax revenues

Finance Secretary Carlos Dominguez has declared that the task force led by the Bureau of Internal Revenue (BIR) has wrung an additional PHP1.2 billion (about $25 million) in tax revenues from a delinquent POGO that was temporarily shut down in September.

AgTech to supply lottery terminals in Zhejiang and Henan

AGTech Holdings Limited reported to the Hong Kong Stock Exchange on Thursday that one of its wholly-owned subsidiaries had won the lottery terminals procurement tenders to supply lottery terminals to the Sports Lottery Administration Centers in Zhejiang province and Henan province.

Pansy Ho reduces stake in MGM Resorts

MGM China co-chairperson Pansy Ho has reduced her stake in the company’s U.S. parent, MGM Resorts international, bringing her stake in the company to...