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Thailand’s coalition party supports casino plan but warns of monopoly risks
Thailand’s prominent coalition party, Bhumjaithai, reiterated its support for Pheu Thai’s proposal to legalize casinos but expressed concerns about the potential for monopolies.
Macau’s hotel sector saw $1B gross surplus in 2023, led by 5-star hotels
Macau's hotel sector recorded a gross profit of nearly MOP8.16 billion ($1.02 billion) in 2023, with five-star hotels contributing almost MOP5.88 billion ($736 million), or 72 percent of the total.
Avril Baynes takes helm as SkyCity Adelaide’s Managing Director
SkyCity Entertainment has appointed Avril Baynes as Managing Director of its Adelaide operations.
US sanctions gaming-linked Cambodian tycoon Ly Yong Phat for human trafficking, cyber and virtual currency scams
The United States has imposed sanctions on Ly Yong Phat, a Cambodian tycoon linked to illegal online gambling.
Thailand PM gives first policy address, statement highlights benefits of entertainment complexes
In her inaugural policy address to Parliament on Thursday, Thailand’s new Prime Minister Paetongtarn Shinawatra focused on financial stability and how to increase government revenue, including the development of mega-projects such as entertainment complexes.
Macau CE candidate calls for healthy, orderly, and sustainable gaming development
Macau's unopposed Chief Executive candidate, Sam Hou Fai, has urged gaming operators to ensure the industry’s growth is maintained through "healthy, orderly, and sustainable development.”
Angel Group commences building new factory in Macau
Casino equipment supplier Angel Group has announced the construction of a manufacturing base in Macau dedicated to producing casino-specific playing cards.
Thai PM faces calls for her removal, adding uncertainty to casino plan
Thai Prime Minister Paetongtarn Shinawatra is facing a surge of legal challenges just days after taking office, raising concerns about political instability in Thailand and uncertainty about the country's gaming industry.
Bloomberry clarifies third casino in Cavite, five to 10 years
Bloomberry Resorts Corp expects to open its third Solaire-branded integrated resort in Cavite within the next five to ten years.
Genting Malaysia issues $525M in 7.25% Senior Unsecured Notes via US subsidiaries
Genting Malaysia Berhad has announced that it will be offering $525 million in 7.25 percent senior unsecured notes due 2029 via its wholly owned US subsidiaries Genting New York LLC and GENNY Capital Inc.
Executive Order banning POGOs expected in two weeks, Senators still pushing other bills to ban operations
The Philippines’ Presidential Anti-Organized Crime Commission is expecting an Executive Order (EO) on the total ban of offshore gaming operations (POGOs) as soon as two weeks from now.