Wednesday, May 29, 2024
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Chef in Macau IR being investigated for corruption linked to employment contracts

Macau authorities are investigating a corruption case involving an executive chef from a gaming concessionaire's restaurant, who allegedly received nearly $30K from his subordinates over almost three years in exchange for help in receiving or renewing employment contracts.

Macau gaming operators’ EBITDA growth expected to reaccelerate with opex stabilizing: Citigroup 

Following Citigroup’s Macau Gaming Corporate Day, where all six casino operators were hosted, the investment bank maintains a bullish stance on Macau gaming companies' oulook. 

South Korea leads Macau foreign tour groups in early 2024

In the first four months of the year, Macau's tourism sector witnessed a steady influx of visitors, with South Koreans and Thais emerging as the leading foreign tour groups.

Bloomberry Resorts denies expansion to Thailand

Philippine gaming operator Bloomberry Resorts Corporation has issued a clarification note denying news regarding potential expansion plans into the possible future Thai gaming market.

Executive Senate session called to investigate Bamban Mayor’s POGO links

A Philippine Senate Committee will hold an executive session to investigate Bamban Mayor Alice Guo's unexplained assets and potential ties to Philippine Offshore Gaming Operators (POGOs).

World Poker Tour announces cancellation of Macau event

The World Poker Tour’s debut in Macau, originally set for June 18th to 24th, has reportedly been canceled, with the company issuing a statement saying the series ‘will not move forward’.

China’s individual visa policy starts without direct flights to Macau

The inclusion of eight mainland cities into the Individual Visit Scheme (IVS) for visits to Hong Kong and Macau came into effect on Monday, May 27th, however a lack of flight links could hamper visitation.

Philippine Senator Sherwin Gatchalian files bill to ban POGOs

Philippine Senator Sherwin Gatchalian has introduced a bill to ban Philippine Offshore Gaming Operators (POGOs) citing rising criminality linked to the industry.

Kuala Lumpur cops bust call center tied to gambling, love scams

Police in Kuala Lumpur have arrested 12 individuals following a raid on a call center involved in a love scam and online gambling operations in the city.

Philippines likely to exit FATF grey list despite gaming-linked money laundering: Moody’s

The Philippines is likely to exit the “grey list” of the Financial Action Task Force (FATF) soon, despite a high incidence of money laundering, mainly in the gaming sector, says a Moody’s analyst.