Jeju Special Self-Governing Province is requesting public and private financial assistance to the island’s casino industry as the economic grind from the Covid-19 pandemic is threatening to devastate the eight casinos, creating unemployment and a reduction in tax revenues.
생존 위기 카지노…호텔 임대료라도 내려달라 (Jeju News)
Kangwon Land’s degree of commitment to identifying and eliminating problem gambling at its facility has been questioned after it is revealed that only 82 patients have been treated over a five year period, in spite of a significant annual budget for this task.
연평균 44억 쓰는 강원랜드 도박중독예방 치유사업 5년간 중독진단자 고작 82명 (Kiho Ilbo)
Police have launched a manhunt for a suspect in an online gambling syndicate who escaped custody by climbing over the fence at the Malaysian Anti-Corruption Commission headquarters. Meanwhile, a total of 21 people believed to be involved in illegal lottery, and online gambling were arrested by the Malaysian police in a raid at a condominium in Mont Kiara.
Macau Scam suspect sought (Bernama)
Cops arrest 21 for illegal lottery, online gambling in Mont Kiara (Malay Mail)
Yokohama Mayor Fumiko Hayashi stated for the first time that should the city be forced to hold a referendum on IR development and lose the vote, she would respect the people’s decision and withdraw the city’s candidacy. Meanwhile, the city released estimates that the total economic benefit to the community from IR development would be an annual boost of JPY740 billion to JPY970 billion (US$9.2 billion).
横浜市長「住民投票なら結果を尊重」 反対多数なら強行せず (Kanagawa Shinbun)
横浜市 ＩＲの経済効果を試算 (NHK)
Goa Tourism Policy 2020, approved by the state Cabinet this week, aims to make the state one of the safest tourism destinations in the world.
State Tourism Policy to Make Goa the Safest Destination (NewsGram)
A public park at Barangaroo that was due to be finished before Crown opens its waterfront tower might not be completed for another five years, as the ILGA inquiry casts doubt over the casino tower’s December opening.
Barangaroo park promised next to Crown tower won’t be ready until 2025 (The Age)
Emperor Entertainment Hotel Ltd. has issued a profit warning for the six-month period ending September 30, noting that the firm expects a consolidated net loss attributable to owners of the Company of not more than HK$160 million (US$21 million). Emperor Entertainment operates the Grand Emperor Hotel and the Inn Hotel Macau.
Profit Warning (HKSE filing)
CE: Macao vigilant in preventing return of Covid-19 (Government Information Bureau)
VIP baccarat revenue was up 51 percent quarter-on-quarter and made up almost 48 percent of the revenue for the quarter, while mass market revenue jumped 77 percent from Q2, accounting for 38 percent overall, according to government figures.
Gaming Inspection and Coordination Bureau
VIP baccarat accounted for 48 percent share of Q3 gaming results (Macau Business)
The cost of air tickets between two major Asian financial hubs jumped within 24 hours of Singapore and Hong Kong unveiling plans for a travel bubble that wouldn’t require people to quarantine upon arrival.
Singapore-Hong Kong airfares jump 40 percent on travel bubble news (Bloomberg)
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