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Philippines on track to be Asia market leader in 2022

Gross gambling revenue from licensed casinos in the Philippines jumped more than 29 percent in 1Q22, confirming predictions that the country will be one of the best-performing markets in Asia going forward. 

Current PAGCOR administration records P300 billion in revenues

Chairman and CEO Andrea Domingo stated that, during her tenure with the current Administration, PAGCOR has recorded more than P300 billion in revenue or $4.45b.

DOJ called to act on illegal offshore operators, AGA approves

The Department of Justice received a congressional letter encouraging investigation and enforcement action into the illegal gaming market.

Suncity, Summit Ascent, issue trading halt on merger/ takeover bid

Suncity Group and Summit Ascent have issued a trading halt with effect from on Friday, 13 May 2022.

Macau Legend $152m loss raises concern for future casino operations

Macau Legend Development remained optimistic for the future of its casino operations despite announcing a loss $152 million USD for the 2021 Financial Year. 

Star Entertainment Group appoints Robert Cooke as Managing Director and CEO

Newly appointed Star’s managing director and CEO, Robert Cooke, stated that “ensuring continuity of the business through a comprehensive renewal program is of paramount importance” as he tackles the company’s “well documented challenges” throughout his tenure.

Negative tests needed for Macau casino entry from Friday

Macau’s casino regulator said measures requiring all staff and guests to have a negative Covid test to enter the premises will go into effect Friday, as cases in the city continue to rise.

Macau hotel occupancy drops in May to 34.2%, luxury worse

Macau’s average hotel occupancy declined 27.9 percentage points in May to 34.2 percent, despite the Golden Week holiday in the month.

Macau casino stocks bounce as China takes a “step in the right direction” on Covid

Macau casino operator stocks surged on Tuesday after China announced its first major easing in border restrictions since the pandemic began. 

Macau Covid cases up to 357, casinos told to step up prevention measures

The number of Covid cases in Macau has risen to 357 and the gaming regulator has urged casinos to restrict the movement of people and to increase their epidemic control measures. 

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