Tuesday, July 2, 2024
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PAGCOR reports former cabinet official advocating for illegal POGOs

PAGCOR has revealed that a former high-ranking government official attempted to facilitate the granting of gaming licenses to several illegal Philippine Offshore Gaming Operators recently raided for engaging in unlawful activities.

Police dismantle $125M cross-border illegal sports betting case, arrest 93 

Police from Guangdong, Hong Kong, and Macau have jointly dismantled a cross-border illegal gambling syndicate, resulting in the arrest of 93 individuals.

Heightened regulatory oversight and low gaming revenues continue to challenge SkyCity: S&P

S&P Global Ratings has affirmed its 'BBB-' long-term issuer credit rating of SkyCity Entertainment Group Ltd., reflecting the company's efforts to preserve its credit profile amid cyclically lower gaming revenues and elevated regulatory costs.

IPI says that a sale of the casino-hotel property is possible: report

The limited liability company operating Imperial Pacific International’s hotel-casino in Saipan says that a sale of the property could be possible, with intentions to file a motion or plan within the next month.

Kambi Group announces Werner Becher as incoming CEO

B2B sports betting platform Kambi Group has announced that it has found a replacement for the group’s outgoing CEO, with former Sportradar executive Werner Becher to assume the role in late July.

Macau’s June GGR reaches $2.21B, down 12.4% m-o-m

Macau’s gross gaming revenue (GGR) amounted to MOP17.7 billion ($2.21 billion) in June, reflecting a 12.4 percent decrease from May’s MOP20.19 billion ($2.51 billion).

SkyCity Entertainment Horizon Hotel to open on August 1st

SkyCity Entertainment Group has announced has announced the completion of construction works for its five-star Horizon Hotel in Auckland, with opening now scheduled for August 1, 2024.

The Star Brisbane to open on August 29th

Australian gaming operator The Star Entertainment Group has announced that it will officially open its the Star Brisbane property on August 29th of this year, as part of the ‘highly anticipated, multi-phase reveal’ of Queen’s Wharf Brisbane.

FEC reports surge in revenue in FY24 despite market volatility

Hong Kong Stock Exchange-listed Far East Consortium has announced an increase in revenues for the financial year ending in the financial year ending March 31st, 2024, after facing 'significant challenges' due to heightened market volatility from fluctuating interest rates and unpredictable global economic conditions.

China raises duty-free limit for visitors to Macau and Hong Kong starting in July 

Beginning July 1st, Chinese visitors will be allowed up to $2,000 in duty-free shopping in Hong Kong and Macau, nearly doubling the current limit. This move aims to support the cities' recovery from the impact of the pandemic.