Wednesday, April 10, 2024
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Malta, Curacao and Cyprus companies under scrutiny by India over cyber fraud syndicate

Indian authorities are zeroing in on online gaming companies and websites which are incorporated in Curacao, Malta and Cyprus after the arrest of a Delhi man involved in a cyber fraud case worth hundreds of millions of dollars.

Christchurch gambling venue manager pleads guilty to six figure theft

A gambling venue manager in New Zealand has admitted embezzling over NZ$180,000 ($109,000) in gambling grants sourced from proceeds generated by ‘pokie’ machines in Christchurch.

Thai casinos could generate over $5B in revenue per year, says Maybank

Maybank Securities forecasts that Thai entertainment complexes (ECs) featuring casinos could yield approximately THB 187 billion ($5.14 billion) in annual revenue, equivalent to roughly 1 percent of Thailand's GDP.

Melco Resorts senior notes should help finances, possible EBITDA of $1.3B in 2024: Moody’s

Both Moody's Ratings and S&P Global Ratings issued evaluations on the recently announced senior notes linked to Melco Resorts & Entertainment Limited, stating the move should help the group repay its debt and improve financial leverage.

Philippines Bureau of Immigration ups blacklist for illegal online gambling hubs

Authorities in the Philippines are increasing the pressure on illegal online gambling hubs, barring over 150 Vietnamese nationals from the country in the month of March alone.

Share of tourists from ASEAN exceeded pre-COVID, while China lags behind

A study by the ASEAN+3 Macroeconomic Research Office (AMRO) has found that intraregional tourism within ASEAN+3 countries was ‘particularly strong’, except for China, where the recovery of outbound tourism has significantly lagged.

Macau lawmakers confirm non-profit mahjong play as legal

Macau lawmakers have confirmed that playing mahjong is not illegal when it is played without any profit-making purpose.

CCC to decide on IPI casino license as negotiations continue

The negotiations for a settlement with Imperial Pacific International (IPI) are ongoing. As of Tuesday afternoon, the Commonwealth Casino Commission (CCC) had not taken any official action, while IPI stated they did not have a comment at this time, according to the report.

Singapore bars individuals receiving criminal legal aid from accessing casinos

A new Singapore regulation effective since April 1 prohibits individuals receiving criminal legal aid from entering casinos, jackpot rooms, or accessing their Singapore Pools betting accounts while they are under representation.

Genting promises $1 billion in taxes if granted NYC casino license

Genting Malaysia, the owner of Resorts World casino in New York City, has promised to increase its tax payments to the state to over $1 billion annually if granted one of the three new licenses.