Thursday, October 22, 2020
Home South East Asia

South East Asia

Sands China hit with US$562 million loss in Q3

Sands China reported a net loss of US$562 million in Q3, with net revenues falling 92.1% year-on-year to US$167 million. Group-wide operating losses were US$610 million with an 82 percent decline in net revenues.

Large POGO at Subic Bay shuts its doors

Great Empire Gaming and Amusement Corp., one of the POGOs that had been based at Subic Bay, has shuttered its business under the Covid impact, putting a thousand Chinese out of work.
gambling chips

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.

Malaysian government losing US$725 million a year to illegal syndicates

The Malaysian government is losing up to MYR3 billion a year in revenue as illegal gambling syndicates take an ever growing amount of business away from legal number forecast operators.

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.

PH Resorts asks for voluntary trading suspension

PH Resorts has asked for a voluntary trading suspension of its shares at the Philippine Stock Exchange (PSE) during its follow-on offering. Shares of PH Resorts will be suspended from today through November 5.
LVS to kick off Q3 earnings, with narrower loss expected

LVS to kick off Q3 earnings, with narrower loss expected

Las Vegas Sands will be the first of the major operators to report its Q3 results on Wednesday, providing a snapshot of how the recovery process from the pandemic is faring in three major gaming jurisdictions.

More Philippine resorts able to open, but locals only

Some areas of the Philippines have been able to tentatively open their resorts for business after the Covid-19 lockdowns but for now they are just available to local residents. The resorts are in Negros Occidental in the middle of the archipelago.

Chinese arrested for operating online gambling in Malaysia

Forty-eight China nationals suspected of operating online gambling from three condominium units in Kuala Lumpur were arrested on October 16.

PH Resorts sets follow-on offer price at 32.8% discount

PH Resorts Group Holdings, Inc, the Udenna Group’s gaming and hospitality subsidiary, has set the offer price for its follow-on offering of up to 450 million primary common shares at P1.68, a 32.8 percent discount from the top-end of its price range.

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...
500 .com auditor resigns over disagreement on Japan bribery case

500 .com auditor resigns over disagreement on Japan bribery case

Online sports lottery provider 500 .com has announced that its auditor, Friedman LLP, resigned last week in connection with the Japan bribery case, and...
500.com says no breach of foreign corrupt practices act

500.com says no breach of foreign corrupt practices act

Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act. 

Sega Sammy Creation reported US$15 million loss in FY2019

According to the official government record, Sega Sammy Creation lost JPY1.56 billion (about US$15 million) in the year ending March 31, 2020.
playngo

Play’n Go: Keeping its promises

As we move towards the end of the year, we are also moving closer to Play’n GO fulfilling its promise of 52 top-quality games in 2020.