PAGCOR studying plans to privatize its casinos
PAGCOR’s Chairman Alejandro H. Tengo has exclusively told AGB that it is planning to privatize the casinos under its management, in order to avoid any conflict of interest between its regulatory and operational sides.
ASEAN Gaming Summit kicks off today
Organised by Asia Gaming Brief, the ASEAN Gaming Summit kicks off today in Manila, launching three days of top insights from experts at the conference and gathering the industry together in the event's biggest edition yet.
TransAct Technologies names Tracey S. Winslow as Global Chief Revenue Officer
TransAct Technologies Incorporated announced that Tracey Winslow has been named Global Chief Revenue Officer, effective immediately.
The Star pleads guilty to new charges of breaking Queensland casino legislation: report
Australian gaming operator The Star has pleaded guilty to new charges of breaching state casino legislation in Queensland, according to reports by AAP.
Hann Resorts secures $165 million loan for partial development of Hann Reserve
Philippine integrated resorts operator Hann Resorts has announced that it has secured a PHP9 billion ($165.66 million) loan to ‘partially finance the ongoing construction and development of its Hann Reserve’ integrated resort project in New Clark City.
Let’s Win Club to celebrate Grand Opening at Hoiana Resort & Golf on March 24th
Let’s Win Club at Hoiana Resort & Golf is going to be holding its Grand Opening on March 24th, officially opening the new venue which saw a soft opening in February of 2022.
Moody’s retains negative rating outlook for Melco group
Ratings agency Moody's has retained its negative outlook for Melco, despite noting that its earnings should 'increase significantly over the next two to three years'.
Australian police set up new anti money-laundering taskforce
The Australian Federal Police have launched a new multi-agency taskforce, named Avarus, aimed at eliminating money laundering conducted principally through the nation’s financial systems and property market.
International flight tickets sales up 20% weekly says Air Macau
Macau’s flagship carrier, Air Macau, saw a continuous increase in international tourists to Macau, according to company data, with nearly 7,000 ticket sales weekly for overseas flights, as the uptick kept at 20 percent weekly.
LET Group sees revenue rise from Tigre de Cristal, offsetting FY22 loss
Hong Kong-listed LET Group Holdings Ltd, formerly Suncity, has issued a profit warning for FY22, expecting a loss of some $52.1 million. However, the group noted that its Tigre de Cristal casino in Russia has helped offset the loss, contributing a near-40 percent increase in revenue, despite the challenges posed by the operating environment.
New PAGCOR EGM Technical Standards to be implemented in Jan. 2024
Philippine gaming regulator PAGCOR is going to be implementing new Technical Standards for electronic gaming machines (EGMs), effective from January 1st of 2024. In order to give time for the industry to adapt, the group notes that any machines installed before the date will not be required to abide by the new standards.