Sunday, May 29, 2022



AIGF welcomes India’s move to develop online gambling regulation

India’s move to set up an inter-ministerial panel to study regulations for skill-based online gambling has been welcomed as a “step in the right direction” for the burgeoning industry.

Osaka citizens create sticky situation for governor with referendum push

Citizens of Osaka have gathered enough signatures to hold a referendum on the city’s plans to host an integrated resort, putting the governor in a difficult political situation. 

Reef Casino Trust says domestic market strong, eyes tourist return

Reef Casino Trust, which owns the Reef Casino Hotel in Cairns, northern Australia, said business in the first four months has been strong and it’s now looking forward to the return of tourists, with a strong pipeline of cruise ship arrivals.

SJM’s Oceanus purchase “net negative” given liquidity strain: J.P. Morgan

SJM Holdings’ announcement that it will purchase Casino Oceanus for HK$1.9 billion ($243 million) through an issue of convertible bonds is a “net negative to sentiment,” but is not a “hugely needle moving” event, analysts at J.P. Morgan wrote. 

Macau operators under liquidity countdown: Bernstein

Liquidity concerns have contributed to negative stock performance of Macau gaming operators as COVID continues to limit revenue and profitability as customers remain limited, Bernstein reports.

Marina Bay Sands hiring 2,000 as Singapore rebounds

Marina Bay Sands said it was holding a two-day recruitment drive to hire 2,000 people as Singapore rebounds following the pandemic.

Genting Malaysia posts 1Q22 EBITDA profit as revenue surges

Genting Malaysia said it had swung back to profit at the EBITDA level in 1Q22 as revenue surged by three times following the lifting of Covid restrictions.

Queensland to toughen casino laws, ups penalty to $50m

Queensland has become the second Australian state this week to announce tougher gambling laws, including stiffer disciplinary penalties of up to A$50 million ($35.3 million).

Macau’s Alvin Chau charged with money laundering, heading a crime gang

Alvin Chau, the former head of Macau’s largest junket operator, has been formally charged with money laundering, founding and heading a “secret association,” and organizing illegal gambling.

Sportradar target $85b cricket market with first virtual in-play product

Sportradar has launched the first virtual in-play cricket product, targeting the rapidly expanding cricket betting market.