PAGCOR clarified that the recent arrest of Chinese and other foreign nationals reportedly involved in illegal online gaming and their activities are not in any way related to legitimate POGOs.
The University of Macau Center for Macau Studies and Department of Economics forecasts that the local economy is likely to contract between 26.4 to 29.2 percent for the 2022 fiscal year.
Macau Legend remains bullish in junketless, pandemic hit Macau, estimating that when the tourism industry rebounds and recovery starts, the company is well-positioned to take advantage of the boom.
Cambodian PM Hun Sen reiterates his stance on illegal gambling crackdown and appeals to local law enforcement following an operation that lead to the arest of 152 and the shutdown of 87 illegal sites in the capital.
Donaco CEO Lee Bug Huy banks on the reopening of the Cambodia-Thailand land borders to fuel the company’s gradually recover in the next financial year.
Genting Malaysia remains invested in building up capacity in the flagship Malaysian asset – Resorts World Genting, which contributes 69 percent to the total revenue pie, the company stated in an investor’s presentation.
Leisure & Resorts World Corporation (LRWC) is intent on increasing capital by 40 percent, at around $20 million, to upgrade infrastructure, expand operations, revisit Boracay, as markets reopen.
Ponte 16 casino performance and overseas losses dragged Success Universe Group's balance-sheet in the first half of fiscal 2022, a filing to the Hong Kong Stock Exchange shows.
Philippines House, Ways & Means Committee Chairman, Senator Joey Salceda, argues that “the solution to illegal POGO is not to close down all POGOs. Instead, operations should be remitted to special POGO-specific economic zones, allowing the government to benefit from the income while insulating the industry from the rest of the country.