Wednesday, April 24, 2024



SkyCity Adelaide casino operator could face fines of up to $48M

Australian Consumer and Business Services Minister Andrea Michaels plans to introduce new legislation to Parliament next week, aiming to significantly raise maximum fines for Adelaide's casino operator from $100,000 to $75 million.

RGB to acquire EGMs in the Philippines for $2.2M

Malaysian group RGB International will acquire a 20 percent stake in an East Timor electronic gaming machines company with a presence in the Philippines for some $2.2 million.

Citigroup trims Macau April GGR to $2.23B due to flat daily run-rate

Citigroup has trimmed its forecast for Macau's gross gaming revenue (GGR) from $2.3 billion to $2.23 billion for April due to the anticipated flattish daily run-rate.

Macau hotels fully booked for Labor Day, with prices 20% below CNY rates

UBS reports that Macau hotel prices for mainland China’s five-day Labor Day holiday season are 20 percent below this year's Chinese New Year (CNY) rates but bookings are high.

Macau plans to build outdoor concert venue near Cotai IRs

The Macau government has plans to construct an outdoor concert venue with a capacity to accommodate 50,000 attendees, located at the Cotai Strip.

Saipan casino watchdog delays Imperial Pacific license revocation decision

The Saipan Commonwealth Casino Commission (CCC) board has deferred its decision on whether to revoke Imperial Pacific International's exclusive gaming license in light of the company's Chapter 11 bankruptcy filing.

Senator urges Philippines gov’t to boost crackdown on foreigners involved in illegal POGOs

Philippine Senator Sherwin T. Gatchalian is urging the country's Bureau of Immigration (BI) to intensify efforts to prevent foreigners involved in illegal Philippine Offshore Gaming Operators (POGOs) from entering the country and establishing more illicit operations.

Macau gov’t gaming tax revenue tops $882M in March

Macau’s government brought in some $882.71 million in gaming tax revenue during the month of March, a 77.26 percent yearly increase but down slightly month-on-month.

FEC casino subsidiary Palasino raising $2M in new share allotment

The Hong Kong Stock Exchange has given the green light for a new share issuance by Palasino Holdings Ltd, a newly-listed subsidiary of developer Far East Consortium (FEC), with the issuance aiming to raise some $2 million.

President Marcos: Filipino hospitality a pillar of Philippine tourism

Philippine President Ferdinand R. Marcos Jr. has emphasized the pivotal role of Filipino hospitality in driving the growth of Philippine tourism and fostering overall economic development.