Sunday, December 16, 2018

HEADLINES

Police raid Mumbai online lottery centres

Police have raided seven online lottery centres in central Mumbai, arresting 11 for evading the Goods and Services Tax by issuing hand written tickets...

Paradise enters supply accord with Jay Chun’s brother-in-law

Paradise Entertainment said it has entered into a supply agreement for next year, worth a maximum of HK$40 million, with Chairman Jay Chun’s brother-in-law.

Lim family ups stake in Genting

Genting Bhd’s majority shareholder, the Lim family, has increased its stake in the gaming to plantations company, buying a further 300,000 shares, according to a filing with Bursa Malaysia.

Scientific Games reaches $151.5m settlement with Shuffle

Scientific Games Corporation said it has reached a settlement in its litigation with Shuffle Tech International LLC and other plaintiffs, agreeing to pay 45 percent of the compensation amount awarded in an August ruling.

Delta files petition for Daman license

Delta Corp has filed a writ petition in the Bombay High Court calling on the government of the Union Territory of Daman to grant the company a license to operate a casino at its five-star property in the region.

Operators may see higher taxes after concession renewal: Bernstein

The most significant risk for Macau’s six operators when it comes to concession renewals is likely to be higher taxes, or other “economic rent,” Bernstein Research said in a note.

TRENDING ARTICLES

Japan a key focus at MGS Entertainment Show

The upcoming Japanese IR market was a focus of the second day of the Macao Gaming Show, held at the Venetian Expo Hall in...

Hokkaido selects Tomakomai as “priority candidate” for IR

As widely anticipated, the Hokkaido Prefectural Government has indicated that Tomakomai would be the “priority candidate” for any IR bid emerging from the prefecture, dimming the rival hopes of Kushiro city and Rusutsu village.

Silver Heritage to sell assets, improve operations

Silver Heritage said its new chief financial officer, Ben Watiwat, has conducted a review of the group’s activities and has identified significant room for improvement in marketing and commercial operations.

Keihan’s vision of a Yumeshima-Kyoto train line draws nearer

Yoshifumi Kato, president and CEO of Keihan Holdings, who announced last year that it was “his greatest mission” to connect by railway the anticipated IR at Yumeshima, Osaka, with Japan’s ancient capital of Kyoto, is seeing his vision come nearer reality, according to a recent article in the Nihon Keizai Shinbun.

Studio City IPO a positive for Melco: Bernstein

Studio City’s October IPO event is being viewed as a positive event for Melco Resorts, according to a note from Bernstein released on Tuesday....

ASEAN Gaming Summit 2019

The third edition of ASEAN Gaming Summit is set to impress once again, drawing over 300 operators, suppliers, and regulators from Asia’s online and land-based...