TagGross gaming revenue
LL Lucky Games AB (“LLG”) elected Calvin Lim Eng Kiat as a member of their board. The decision was made at LLG’s extraordinary general meeting. The board currently consists of Per Eriksson, Claes Kalborg, Carl Falkenberg, Calvin Lim Eng Kiat and Carina Beck.
Macau is going to undergo a ‘gradual opening up’, as authorities realize they can no longer control the outbreak in the community and mainland Chinese policies shift towards a more open approach.
Former Hong Kong Stock Exchange-listed lottery service provider and games developer REXLot Holdings, and five of its directors are facing disciplinary action from the bourse, over breach of directors’ duties, non-disclosure of financial assistance provided by the company and innacurate information in its published financial statements.
Former HKEX head to set up asset exchange in Macau, for foreign investment in Chinese micro companies
The former Chief Executive of the Hong Kong Stock Exchange is launching Micro Connect, an asset exchange in Macau, in a micro-step towards the economic diversification away from the gaming industry that the government has mandated.
Indian casino operator Delta Corp, the only listed entity engaged in gaming in the country, says that it is ‘pursuing legal remedies’ with the government of Goa over license fees owed for the period when its casinos were shut down due to COVID restrictions.
Jade Entertainment and Gaming Technologies Inc., launches its all NEW sportsbook offering for retail and Remote Gaming - jadesportsbet.com – in time for the new season of the NBA and the FIFA World Cup.
Genting Malaysia Berhad is investing a further $100 million into Empire Resorts, increasing its total investment in the New York-based gaming company to $624.4 million.
Macau’s Secretary for Economy and Finance says he’s unsure how many satellite casinos could continue to operate and how many would close down after the new gaming concessions come into effect on January 1st, 2023.
Macau’s government continues to reassure that the employment of their gaming-linked employees is their main preoccupation with the Secretary for Economy and Finance saying that such employment is “the highest priority” under the new gaming concessi