Tuesday, November 5, 2024
TAGMichael Zhu

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House prioritizes 2025 national budget and investigations as Philippine Congress reconvenes

The Philippine budget and oversight functions, including its crackdown on POGOs, are in top focus as Congress resumes.

Philippine Police pledge to end to all POGOs by year end

PNP Chief General Rommel Francisco Marbil reaffirmed the police force’s commitment to dismantle all illegal Philippine Offshore Gaming Operator (POGO) hubs within the final two months of the year.

Macau November GGR to drop 13.5% MoM due to seasonality and Grand Prix

Macau’s gross gaming revenue (GGR) for November is expected to drop 13.5 percent from October, primarily due to seasonality and the impact of the Macau Grand Prix, according to Bank of America.

GKL with mixed performance in October amid market challenges

Grand Korea Leisure (GKL), South Korea's leading operator of foreigner-only casinos, has released its interim report for October 2024, revealing a mixed performance in its gaming revenue.

Paradise Co reports unchanged YoY casino revenue in October 

South Korean foreigner-only casino operator Paradise Co reported casino revenue of $44 million for October, unchanged from the same month in 2023 and a slight decline compared to September.

Thailand to double the capacity of six international airports by 2032

Thailand plans to double passenger capacity across six major airports by 2032, with an investment of at least $2.86 billion to support anticipated tourism growth.

IPI aims for constructive dialogue with government on license dispute

Howyo Chi, Executive Director of Imperial Pacific International (IPI), delivered a letter to the Office of the Governor on Friday, requesting Governor Arnold I. Palacios to schedule a meeting to discuss the ongoing dispute over the unpaid exclusive casino license fee.

Lotte Tour sees 22% Y-o-Y rise in gaming revenue for October

Lotte Tour Development has released its financial results for October 2024, showcasing a considerable improvement in gaming revenue when compared to the same month last year. 

Rich Goldman quits junket operations

Former junket investor Rich Goldman Holdings Limited revealed that its management has decided to cease its gaming and entertainment business, which involved introducing customers to VIP rooms in casinos, as part of a 'strategic realignment'.

Philippines to deport 8 foreign nationals suspected of fraud and POGO activities

The Philippines Bureau of Immigration (BI) announced on Friday that eight (8) foreign nationals apprehended for illegally residing in a village in Muntinlupa City are set to be deported.