Wednesday, July 17, 2024



Philippines’ Suntrust appoints Andrew Lo as new president 

Suntrust Resort Holdings has named Andrew Lo Kai Bong as its new President, succeeding David Chua Ming Huat, who has retired. The announcement came through a filing with the Philippines Stock Exchange on Tuesday.

Macau receives 16.7M visitors in 1H24, 83 percent of pre-COVID levels

Macau welcomed approximately 16.73 million visitors from January to June 2024.

Thailand IR legislation could be finalized in 4Q24: Thai Deputy Tourism Minister

The legislation for the advancement of integrated resorts in Thailand could be finalized in the last quarter of 2024 with a government commission to be established in early 2025, the Thai Deputy Tourism Minister Jakkaphon Tangsutthitham predicted.

Philippines tycoon Manuel Villar to open his first casino next year

Tycoon Manuel Villar Jr., considered the Philippines country's richest man, is set to open his first casino next year, marking his foray into the gaming sector.

The Star shuts down all EGMs and ETGs due to ‘system issues’

The Star Entertainment Group has switched off all of its Electronic Gaming Machines and Electronic Table Games at three properties from July 13th due to ‘system performance issues’.

Majority of Macau players employ legitimate fund transfer methods: Citigroup

The robust gaming demand in Macau justifies the view that concerns over a crackdown on illegal money flows are overdone, according to Citigroup.

Seized POGO hubs could be used by the Philippine government

Buildings seized from illegal Philippine Offshore Gaming Operators (POGOs) could potentially be repurposed for use by government agencies following civil forfeiture cases.

SkyCity Entertainment welcomes new CEO as strategic overhaul begins

SkyCity Entertainment Group in New Zealand has announced that Jason Walbridge has begun his tenure as the company's new CEO.

Hong Kong Jockey Club’s turnover down 4.5% to $17.3B in 2023/24

The Hong Kong Jockey Club reported a total turnover of HK$134.7 billion ($17.3 billion) for 2023/24 Season, slightly down 4.5 percent from HK$141.1 billion ($18.1 billion) in the previous year.

Okada Manila’s 2Q24 GGR drops 21.8% due to VIP and slot decline

Tiger Resort, Leisure and Entertainment Inc., the operator of Okada Manila in the Philippines, disclosed GGR of $194 million for 2Q24, marking a 21.8 percent decrease largely attributed to declines in VIP and gaming machines.