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Korea’s Jeju Dream Tower’s June casino revenue down 30% m-o-m
Lotte Tour Development, the promoter of the Jeju Dream Tower casino resort on South Korea’s Jeju Island, has disclosed a decrease in casino revenue for June.
Macau gaming company supervisor allegedly solicited bribes to facilitate job recruitment
Macau's Commission Against Corruption (CCAC) recently uncovered a bribery case involving an employee of a gaming company in Macau.
Premium Leisure Corp. to delist from PH Stock Exchange on July 9th
The Philippine Stock Exchange has announced the approval of the voluntary delisting of Premium Leisure Corp effective July 9th.
Macau 2Q24 industry property EBITDA likely down 4% q-o-q: Morgan Stanley
Brokerage Morgan Stanley expects that Macau’s gaming industry property EBITDA will decrease by 4 percent, amounting to US$1.97 billion, from the previous quarter.
PH Resorts’ deal with Okada Manila operator to sell Emerald Bay falls through
PH Resorts Group announced that the deal to sell Emerald Bay to Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the operator of Okada Manila, has fallen through.
PAGCOR official describes proposed Gaming Academy
The Philippines' gaming regulator is planning on launching a Gaming Academy in the country, focused not only on developing talent for the local market but also further abroad. Angelito Domingo, VP of PAGCOR's Human Resource and Development Group, tells AGB what timelines are in place and what advantages are to be expected.
PAGCOR reports former cabinet official advocating for illegal POGOs
PAGCOR has revealed that a former high-ranking government official attempted to facilitate the granting of gaming licenses to several illegal Philippine Offshore Gaming Operators recently raided for engaging in unlawful activities.
Police dismantle $125M cross-border illegal sports betting case, arrest 93
Police from Guangdong, Hong Kong, and Macau have jointly dismantled a cross-border illegal gambling syndicate, resulting in the arrest of 93 individuals.
Heightened regulatory oversight and low gaming revenues continue to challenge SkyCity: S&P
S&P Global Ratings has affirmed its 'BBB-' long-term issuer credit rating of SkyCity Entertainment Group Ltd., reflecting the company's efforts to preserve its credit profile amid cyclically lower gaming revenues and elevated regulatory costs.
IPI says that a sale of the casino-hotel property is possible: report
The limited liability company operating Imperial Pacific International’s hotel-casino in Saipan says that a sale of the property could be possible, with intentions to file a motion or plan within the next month.
AGB Exclusive: Vanuatu launches new online gambling license for pre-regulated markets
The island nation of Vanuatu, known for having been the world’s first jurisdiction to offer interactive gambling licenses back in the 1990s, has unveiled its new licensing framework, allowing applications entirely online.