TagAsia gambling

LATEST ARTICLES

Australia

NZ halts travel bubble with Victoria amidst new cases

AGBrief Editorial - May 25, 2021

Macau

Las Vegas Sands CEO Rob Goldstein reiterates interest in Asia expansion

Felix Ng - March 12, 2021

LATEST NEWS

Australia

Aristocrat posts 41% profit surge, accelerates online RMG investment

Felix Ng - May 19, 2022

Despite mixed operating conditions and supply chain disruptions, Australia-listed Aristocrat Leisure reports a 41 percent increase in NPATA in the six months ended March 31, 2022, and says it is accelerating its investments in the online real money gaming space.

Philippines

DFNN revenue, EBITDA surge in 1Q22 on the interactive business uptick

Felix Ng - May 19, 2022

Philippines-listed DFNN, a technology-provider and remote gaming platform provider posted a 81.3 percent increase in revenue for in 1Q22, driven mainly by robust income generated from its interactive technology platforms.

Vietnam

Vietnam’s Ho Chi Minh City wants casinos, potentially also for locals

Sharon Singleton - May 18, 2022

The People’s Committee of Vietnam's Ho Chi Minh City has put forward a proposal to allow casinos in five-star hotels, at which locals may be permitted to gamble, as part of a raft of measures to improve nightlife.

India

India proposes GST tax hike for online gambling firms

Sharon Singleton - May 18, 2022

India is proposing to hike tax for online gambling firms to 28 percent of the face value of a bet, bringing the nascent industry in line with casinos and horse racing.

Singapore

Genting tycoon launches new Singapore cruise brand

Sharon Singleton - May 18, 2022

Genting Group Chairman Lim Kok Thay has launched a new cruise line from Singapore, which will make its debut on June 15.

Philippines

Tiger Resorts reaffirms Kazuo Okada removal as valid and legal

Felix Ng - May 18, 2022

Tiger Resort, Leisure and Entertainment (TRLEI), the operator of Okada Manila has fired back against a recent “status quo ante” order from the Supreme Court, which is claimed to restore former chairman and CEO Kazuo Okada to the company’s helm.

United States

U.S. Justice Department sues Steve Wynn, compels him to register as an agent of China

Felix Ng - May 18, 2022

Steve Wynn, the founder and former CEO of Wynn Resorts has been sued by the U.S. Justice Department, and has been compelled to register as an agent of China for actions he allegedly took during the Trump administration.

United States

Light & Wonder targets $1.4 billion EBITDA by 2025

Felix Ng - May 18, 2022

Light and Wonder, formerly known as Scientific Games, is targeting a consolidated AEBITDA of $1.4 billion by 2025, as the company positions to capitalize on the lucrative cross-platform games market.

Macau

China visa crackdown may wipe 20% off Macau revenue: Credit Suisse

Sharon Singleton - May 17, 2022

China’s crackdown on frequent gamblers to Macau could wipe as much as 20 percent off total industry gross gambling revenue, Credit Suisse analysts wrote.

Philippines