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Thailand’s casino bill moves toward debate in Parliament by year-end

Thailand's Finance Ministry expects the proposed bill to legalize casinos to be debated in Parliament before the end of this year, with a key legal review set to conclude by March 6th. 

The Star receives $414M debt financing proposal from Oaktree funds

The Star Entertainment Group has announced that it has received a debt financing proposal from funds associated with Oaktree Capital Management.

Former Star executive reaches settlement with ASIC over junket dealings

Greg Hawkins, the former Chief Casino Officer of Star, has agreed to settle with the Australian Securities and Investments Commission (ASIC) over misconduct related to his dealings with a large Macau junket operator with suspected criminal ties.

International Entertainment signs contract for $25.5M renovation of New Coast Hotel Manila

International Entertainment Corporation (IEC) announced that its wholly-owned subsidiary, New Coast Leisure, Inc. (NCLI), has signed a PHP1.47 billion ($25.5 million) with a local contractor for extensive renovations and construction works at the company’s New Coast Hotel Manila hotel and casino complex

PAOCC aims to eliminate all illegal POGOs by the end of 2025

After implementing a total ban on POGOs in the Philippines, the country has set a new target to eliminate all illegal POGOs, many of which are operating on a smaller scale, by the end of the year.

Proposed NZ racing bill could make TAB sole online betting operator

A new bill aimed at amending New Zealand's Racing Industry Act 2020 is currently under scrutiny, which would designate TAB New Zealand as the only legal online operator for racing and sports betting.

Macau gov’t gaming tax volume in January drops 2% Y-o-Y

The Government of the Macau SAR has announced that it collected $889.7 million in gaming taxes for the month of January.

Mohegan facing loan repayment acceleration for INSPIRE Resort

Lenders have demanded the immediate repayment of a loan used to finance Mohegan's $1.6 billion INSPIRE integrated resort in Incheon, South Korea.

Universal Entertainment reports $101M loss in 2024

Universal Entertainment, the operator of Okada Manila, reported a net loss of $101.1 million for the fiscal year ending December 31st, 2024.

Mohegan INSPIRE nets $63.5M in net revenue in 4Q24

Casino operator Mohegan saw strong results from its INSPIRE resort in South Korea in the final three months of 2024, bringing in $63.52 million in net revenue.

UPCOMING INDUSTRY EVENTS

UPCOMING INDUSTRY EVENTS