Friday, July 19, 2024
TAGG2E Asia 2024



Alliance Global injects $172M to upgrade Newport and construct Westside City

Alliance Global Group (AGI), a Philippine business conglomerate, announced on Thursday its plan to invest $1.29 billion this year to support ongoing growth initiatives.

Possible IR project in Clark still in preliminary stages: Belle Corp

In response to a recent Reuters article reporting on plans to invest in an integrated resort north of Manila, Belle Corp. has issued a clarification regarding the status of its potential casino project in the Clark Freeport Zone, stating the project is still in very early stages.

Macau gaming operators’ suspicious transaction reports up 57% in 1H24

The number of Suspicious Transaction Reports (STRs) issued by Macau's gaming operators rose by 56.7 percent year-on-year to 2,181 in the first half of 2024, up from 1,392 in the same period last year.

Universal Entertainment announces special board meeting to vote on dismissal of former CEO

The Board of Directors of Universal Entertainment Corp. will convene an extraordinary general shareholders’ meeting in September 2024 in which a vote will be held to decide if the group will dismiss former CEO, Jun Fujimoto, from its Board.

City of Dreams Manila’s Premium Leisure Corp parent seeking $300M casino-resort in Clark

The parent company of Premium Leisure Corp, a joint partner with Melco Resorts & Entertainment in City of Dreams Manila, is reportedly aiming to invest at least $300 million in a new casino-resort in Clark.

SkyCity Auckland estimating $3M loss from mandated five-day closure

SkyCity Entertainment Group has reached an agreement with New Zealand authorities to temporarily close the gambling area of its SkyCity Auckland casino for five consecutive days due to a failures to detect continuous play by a customer.

Philippines’ Suntrust signs supply agreement for Westside City project

Suntrust Resort Holdings has entered into supply and installation agreements with various contractors for the Westside City project.

CLSA cuts forecast for Macau 2024 GGR due to uncertainty in near-term

Investment bank CLSA has revised down Macau's casino gross gaming revenue (GGR) for 2024 and 2025 due to near-term uncertainty, such as seasonality and China's intensified crackdown on illicit money exchange.

PAGCOR Chairman against total ban of online gaming

The Chairman of the Philippines’ gaming regulator (PAGCOR) has told a Senate committee that he is against newly proposed bills aiming to completely ban online gaming sites (POGOs).

Manila ranked fifth riskiest city for tourists by Forbes Advisor

Manila has been scored one of the five riskiest cities for tourists, while Singapore was ranked the safest, according to a new study by Forbes Advisor.