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SkyCity appoints new Chief Information Officer
New Zealand's SkyCity Entertainment Group Limited has announced the appointment of Andrew McPherson as Chief Information Officer, effective from March 18, 2024 pending all requisite regulatory approvals.
China urges citizens to avoid gambling in Singapore
China's embassy in Singapore issued a strong advisory to its citizens, urging them to refrain from any form of betting while in the city-state, citing violations of Chinese laws regarding overseas gambling.
Thailand’s Deputy Police Chief summonsed over money laundering charge linked to online gambling
Police in Thailand have summonsed deputy national police chief Pol Gen Surachate Hakparn to face a money-laundering charge in connection with alleged online gambling.
FE Consortium’s Czech gaming biz aims to raise $41.4M via IPO
Palasino Holdings, a Czech gaming and entertainment company and a subsidiary of the Far East Consortium, plans to raise approximately HK$323.4 million ($41.4 million) through its initial public offering (IPO) of shares.
Regulator urges Macau casinos to implement ‘comprehensive’ management via technology
In a recent meeting with Macau gaming operators, the casino regulatory body in Macau, the Gaming Inspection and Coordination Bureau (DICJ), urged them to update their monitoring systems on the gaming floor. The aim is to implement 'comprehensive management through technology’.
Macau operators’ dividend delay, deleveraging still a priority
Five out of six gaming operators in Macau are unlikely to resume dividends by 2025, though Sands China and MGM China seem to be in a better position than others, according to calculations by Morgan Stanley.
India’s ‘Lottery King’ emerges as nation’s top political donor amidst allegations of fraud and money laundering
Amidst accusations of fraud and money laundering by authorities, Santiago Martin, often dubbed India's "lottery king," has surfaced alongside his company as the foremost political donor in the nation.
ASEAN Gaming Summit kicks off tomorrow!
After months of building anticipation, Asia’s premier gaming event is kicking off on Tuesday, March 19th, with speakers, exhibitors and participants already flooding into the Philippine capital to meet at the Shangri-La The Fort.
Despite gaming operation improvement IEC doubles net losses in 2H23
International Entertainment Corp (IEC) has reported approximately HK$42.2 million in losses in the second half of last year, marking a significant increase from the loss of approximately HK$6.4 million recorded in the previous six-month period.
Brunei bans claw machines for fear of gambling elements
The country of Brunei Darussalam has banned claw machines out of concern that they may be considered gambling which is in breach of local laws.
Thai parliamentary casino committee completes draft bill with 17% casino tax proposal
Thailand's push towards legalizing casinos took a significant step forward with the completion of a draft bill by a parliamentary committee. The legislation, analyzed by Daniel Cheng, aims at establishing a framework for integrated entertainment complexes featuring casinos, and will be read in the House of Representatives later this month.