Sunday, June 16, 2024
TAGCitigroup

LATEST ARTICLES

LATEST NEWS

NSW government considers increase in betting tax

The New South Wales (NSW) government is contemplating raising the statewide betting tax from 15 percent to 20 percent, prompted by a proposal from industry leader Tabcorp.

PAGCOR says no licensed POGO hubs next to US military cooperation sites

The Philippine Amusement and Gaming Corporation (PAGCOR) stated that they have not issued licenses to any Philippine Offshore Gaming Operation (POGO) sites operating next to Enhance Defense Cooperation Agreement (Edca) locations.

Shin Hwa World capital reorganization effective on June 17th 

Hong Kong-listed casino developer Shin Hwa World announced that its capital reorganization will take effect on Monday, June 17th, following approval by shareholders at a special general meeting held on June 13th.

China urges Philippines to ban POGOs in new embassy statement

The Chinese embassy in Manila has issued a statement in which China calls for the Philippines to ban POGOs, calling them a “social ill”.

Legal battles mount for IPI in CCC dispute

Imperial Pacific International (CNMI) LLC, the gaming operator in Saipan, is currently entangled in a multifaceted legal dispute with the CNMI government and multiple officials.

Macau’s new outdoor concert venue next to Grand Lisboa Palace 

The Macau government has selected a site for an outdoor concert venue with a capacity to accommodate 50,000 attendees. This venue is located on a plot next to the Grand Lisboa Palace in the Cotai area.
00:03:55

Aristocrat highlights its latest offerings at G2E Asia

Aristocrat Gaming gives AGB a a rundown of its latest products, including Dragon Link, Bao Zhu Zhao Fu and the very recent Cai Fu Zhong Sheng, which are taking the APAC market by storm.

PAGCOR Chairman: possibility to lower tax rates depending on FY25 results

The Chairman of the Philippine gaming regulator (PAGCOR) says that there is still a possibility for taxation rates to be lowered, potentially for both the online and land-based sectors, depending on how they perform.

Macau casinos stopping free snacks could reduce traffic, minimal GGR impact: MS 

Morgan Stanley notes that Macau casinos ceasing to offer free snacks could reduce foot traffic. However, this measure is expected to have only a small impact on gross gaming revenue (GGR).

Casino closure “off the table” as RWG business surges, says Genting COO

Genting Malaysia Berhad’s President and Chief Operating Officer has assured shareholders that Genting casinos would remain operational due to several key factors.