Auckland Council has voted to keep its “sinking lid” policy for pokie machines in the region. Deputy Chair Josephine Bartley said it was the only option the council had to prevent new pokie machine venues from opening.
Council votes to continue sinking lid for pokie machines (Stuff)
Acting Executive Director Andrew Yeom of the Commonwealth Casino Commission has filed another complaint against Imperial Pacific International, this time over the firm’s failure to pay the US$3.1 million annual regulatory fee that was due on October 1.
Another CCC complaint vs IPI (Saipan Tribune)
The Taiwan Supreme Court upheld guilty verdicts for three Kaohsiung police officers convicted of receiving more than US$300,000 in bribes from operators of electronic gaming and gambling businesses.
Supreme Court upholds guilty verdict for police (Taipei Times)
Suncity has now increased its stake in Summit Ascent from approximately 24.7 percent before the recent rights issue to approximately 69.7 percent, taking a controlling stake in the operator of Tigre de Cristal in the Russian Far East.
Suncity Now Holds 69.66% of Summit Ascent After Rights Issue (press release)
PAGCOR said it can issue appropriate regulations to license and legitimize cockfights streamed online as part of efforts to obtain much-needed funds for the government.
Regulations allowing ‘e-sabong’ to protect bettors, help gov’t collect proper taxes: PAGCOR (ABS-CBN)
Crown Resorts has suspended its sharing of confidential information with former director and major shareholder James Packer and his private company in light of his damaging evidence given to the New South Wales casino inquiry.
Crown Resorts stops sharing information with James Packer (The New Daily)
The Australian Council of Superannuation Investors, a powerful advisory group representing Australia’s industry superannuation fund giants on governance, is calling on Crown Resorts directors to consider resigning following damaging revelations about their independence and oversight of the casino giant.
Powerful investor group calls for Crown directors to ‘reconsider’ their roles (SMH)
Paradise Co. is reportedly having great difficulty finding institutional investors interested in purchasing its bonds, as concerns are growing about the firm’s prospects in the wake of a Covid-19 downturn that may starve its foreigner-only casinos for quite some time.
파라다이스, 결국 재현된 미매각 악몽 (PaxNet News)
Fincy explained its rationale for withdrawing from a project in Myanmar, saying it has zero tolerance for any form of illegal activity and has at no point had any involvement in developing online gambling applications. The company, which offers a blockchain-based payment app, wrote the rebuttal on its website in response to what it said were factual inaccuracies about its involvement in the Yatai City development.
In response to recent media allegations about the use of the Fincy app in Yatai City, Myanmar (Fincy)
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