Monday, June 24, 2024

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Suntrust Resort Holdings confirms no delay in Manila hotel and casino project

The controlling shareholder of Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings, has confirmed that there is no delay with its Manila hotel and casino project, scheduled to open in 2024.

Suncity Group to resume trading Thurs. ahead of ruling on mandatory offer

Suncity Group Holding said it has requested its stock resume trading on the Hong Kong Stock Exchange on Thursday pending a decision on whether it needs to make an offer for all outstanding stock not owned by executive director Andrew Lo and other directors.

Daily Asia Gaming eBrief: AI and cyber resilience are key, says an expert

Regulation is key, and even more so as times change. The head of the International Gaming Standards Association says that regulators are facing an uphill battle as they try to balance industry growth with bad actors, with AI and cyber resilience as key factors.

Suntrust secures extra $17M loan to help finance Westside City Resorts World project

LET Group Holdings, formerly known as Suncity Group Holdings, has provided a $17 million loan to its Philippine Stock Exchange-listed subsidiary Suntrust Resort Holdings to help finance its Westside City Project integrated resort development in Manila.

PAGCOR Chairman: further expansion possibilities beyond Metro Manila

Alejandro H. Tengco, the Chairman of the Philippine gaming regulator (PAGCOR) says that the current number of IRs in Manila is enough, but there could be further expansion in other regions, such as Clark and Mactan, to fulfil demand.

PAGCOR Chairman doesn’t want police powers, eliminating IGLs won’t stop foreign criminal activity

The Chairman of the Philippines’ gaming regulator (PAGCOR) says that he doesn’t want the authority to have police powers and that even if all offshore gaming licenses were canceled, foreign criminal activity would remain a problem.

Indian authorities dismantle online gambling ring

Police in the Indian state of Uttar Pradesh have dismantled an online gambling syndicate, leading to the arrest of six individuals.

Portugal Icons and GBA Flying Dragon put on a show as fans treated to dazzling football spectacle presented by SJM

Football passion reached fever pitch in Macao as over 4,000 roaring spectators saw a glamorous Portugal Icons side beat the GBA Flying Dragon 11 - 4 in the late afternoon on 19 May in the “In Celebration of the 25th Anniversary of the Establishment of the Macao SAR: SJM Five-a-side Football Friendly: Portugal Icons vs. GBA Flying Dragon,” a marquee match presented by SJM Resorts, S.A. in collaboration with the Sports Bureau of the Macao SAR Government, supported by Macao Government Tourism Office and technically supported by the Macao Football Association.

Suntrust Resort swings to loss in 1Q24 as revenue and income plummet

The controlling shareholder of the Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings (formerly known as Suncity Group Holdings), has announced that its subsidiary recorded a $4.5 million loss in the first quarter of the year.

LET Group appoints three new directors for auditing purposes

LET Group Holdings Limited announced the appointment of three new independent non-executive directors with auditing and accounting experience, as its Hong Kong trading suspension has been lifted.