Thursday, July 4, 2024
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Police to offer protection to crime prevention officials threatened after illegal POGOs crackdown

The Philippine National Police (PNP) said they will provide security assistance to personnel and officials of the Presidential Anti-Organized Crime Commission (PAOCC) who have received threats to their lives.

US tax authority claims Northern Marianas gaming regulator owes $5.8M in unpaid taxes

The US Internal Revenue Service has filed a federal tax lien against the Commonwealth Casino Commission (CCC) for over $5.8 million in unpaid taxes dating back to 2022.

Paradise Co. projects steady business growth in coming years with new offerings

South Korea’s leading foreigner-only casino operator, Paradise Co., projects steady business growth in the coming years, forecasting that the firm’s sales volume will reach $952 million by 2026.

South Korea’s GKL sees 7.4% drop in gaming revenue in 1H24

South Korean foreigner-only casino operator Grand Korea Leisure (GKL) reported a 7.4 percent decrease in casino gaming revenue on a year-on-year basis in the first six months, totaling $138.6 million.

Coordinated Singapore and Malaysia Police crackdown dismantles illegal remote betting operation

In a joint transnational operation, Singapore and Malaysian police forces have foiled an organized criminal group believed to be behind illegal remote betting activities.

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% QoQ: 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.