Imperial Pacific International CEO says that he is being used as a pawn to satisfy the demands of “millionaire” plaintiff lawyers and he is willing to risk jail to pay employees first. Meanwhile, the Commonwealth Casino Commission says it is looking into IPI’s failure to pay its employees and the Department of Public Works says it still doesn’t have all the documents it needs to authorize IPI to resume casino hotel construction.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
500 com has announced that it has entered into a purchase agreement for approximately US$14.4 million worth of its Class A ordinary shares in order to acquire bitcoin mining machines from an unnamed seller.
Caesars Korea, a major IR development project in Incheon, may have its license canceled in March due to the long suspension of construction activities and the failure to meet various benchmarks and commitments.
Trips related to health and welfare, as well as those linked to children's education, are likely to see strong growth over the next few years as China's population ages, or as parents seek to provide overseas exposure for their offspring, the China Outbound Tourism Research Institute predicts.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.