New South Wales Independent Liquor and Gaming Authority Chairman Philip Crawford has stated that it is vital that Helen Coonan remains at the helm of Crown Resorts after the resignation of Chief Executive Ken Barton and three directors. Coonan herself says that she probably won’t be Crown’s leader for an extended period of time.
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.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
In a series of court hearings, Imperial Pacific International has made various excuses as to why it has been unable to meet its commitments. The lawyer for Chairwoman Cui Li Jie claims that she is ignorant of the US legal system and is, in any case, powerless to fulfill the court’s demands. Attorney Michael Dotts, meanwhile, is arguing that IPI simply does not have the funds to pay what it owes under the consent judgement. However, in another case dealing with sexual harassment, former CNMI Senator Ray N. Yumul appears to have begun his work representing IPI as its CEO.
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The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
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.