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.
ASEAN Gaming Summit Welcome Reception kicks off today
ASEAN Gaming Summit 2023 begins to officially welcome guests today - warming up for the three-day industry event with a Welcome Reception at the Manila Marriott hotel, in the Philippines, at 5:30pm.
Macau visitor arrivals reach almost 1.6 million in February
Total visitor arrivals to Macau grew by 140 percent year-on-year in February to 1,593,743, according to the Statistics and Census Service (DSEC). The figure also rose 14 percent compared to January.
Canada lifts testing requirements for Macau, HK and China travelers
Canada has lifted its requirement that travelers from Macau, Hong Kong and China must provide evidence of a negative COVID test before departure. The elimination...
Cambodian authorities reject call to free detained NagaWorld employees
Cambodia’s Ministry of Justice and the Cambodian Human Rights Committee have rejected calls for the release of nine former NagaWorld employees detained for their roles in a labor dispute with the casino operator.
Australian Football League to continue gambling ads despite fans supporting a ban
Australian Football League (AFL) is going to continue its gambling ads despite some 75 percent of fans supporting a ban on the promotions.
Western Australian government to restructure gaming legislation, implement cap on EGM bets of AU$10
The Western Australian government is planning to set maximum caps on bets at electronic gaming machines at AU$10 ($6.6) on the main casino floor – set to commence on July 1st of this year. The Gaming and Wagering Commission notes that it is also ‘progressing a direction in relation to pre-set weekly loss limits, pre-set weekly time limits and carded play in all machines’ – set to come into effect by December of 2025.
Ponte 16 operator issues profit warning for FY22 loss of up to $38.2 million
Success Universe, investor in the Macau Ponte 16 casino, has issued a profit warning, advising that it is expecting to record a loss of between HK$260 million ($33.13 million) and HK$300 million ($38.2 million) for 2022.
Macau 1Q23 ramp-up hindered by hiring constraints, non-resident worker influx only in April: experts
The labor shortage in Macau is the result of multiple factors, ranging from limited quotas for the hiring of non-resident workers, a shift in employee willingness and efforts to maintain quality control, says a local gaming scholar.