AUSTRAC takes SkyCity Adelaide to Federal Court for ‘serious and systemic’ anti-money laundering breaches

Australia’s financial crimes watchdog has announced that it’s commencing civil penalty proceedings in the Federal Court against SkyCity Adelaide for ‘alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing laws’.

LATEST NEWS

Okada Manila posts $170.78mln in 3Q22 GGR, boosted by mass

Okada Manila operator Universal Entertainment Corp says that the property recorded some PHP9.51 billion ($170.78 million) in gaming revenue during the third quarter of the year, up 128 percent yearly, led by mass market play.

S. Korea’s GKL and Paradise see strong November GGR increases y-o-y

South Korea’s Grand Korea Leisure (GKL) and Paradise Co saw strong results in November, on a yearly comparison, with Paradise seeing casino revenues rise 311 percent, to KRW39.57 billion ($30.41 million), while GKL revenue rose by 589 percent yearly to KRW28.19 billion ($21.66 million).

UPCOMING EVENTS

Asia Gaming Briefings – July 2022 Edition

It’s just a few days now until the ASEAN Gaming Summit 2022 returns to the Philippines. This July edition of AGBriefings is dedicated to the jurisdiction, expected to be one of Asia’s top performing markets with forecast gross gambling revenue of PHP65 billion ($1.15 billion).