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Sands China CEO Grant Chum: $1.4 billion towards Londoner Phase 2 and Arena revamp

Sands China is doubling down on its non-gaming investments, with newly elevated Grant Chum – the group’s President and CEO – saying it will lay-out some $1.4 billion on Londoner Phase 2 and the revamp of its Cotai Arena.

Light & Wonder profit up 220% in 4Q23, growth across all business segments

Gaming giant Light & Wonder has announced that the group saw a 220 percent increase in profits during the fourth quarter of 2023, topping $67 million, as revenue rose by 13 percent to $770 million.

Manila airport to increase aircraft movement

The government aims to increase aircraft movements at the Ninoy Aquino International Airport (NAIA) to 48 per hour from the current 41.

PAGCOR requests approval for employee wage increase

The Philippine Amusement and Gaming Corporation (PAGCOR) has sought approval to implement salary step increments based on employees’ length of service.

Sri Lanka revises new casino license fees

Sri Lanka's Ministry of Finance has announced revised fees for obtaining and renewing casino licenses, following the submission of ten casino applications, the country's media reported.

Hong Kong Jockey Club asks gov’t for more betting options to be allowed

The Hong Kong Jockey Club (HKJC) has proposed to the SAR government that it should be allowed to introduce new betting options in its operations to counteract the rise of illegal bookmakers.

Group behind Savan Vegas in Laos loses $175 mln litigation initiated by Macau investor

Macau-based company Sanum Investments Ltd has won a litigation case in a commercial dispute against the Laos-based gambling group responsible for the development of the Savan Vegas Hotel and Entertainment Complex, located in Savannakhet Province in Laos.

Newport World Resorts donates 18 motorbikes to the Philippine National Police

Newport World Resorts, with support from PAGCOR, has donated PHP10 million ($178,000) worth of motorcycles to the Philippine National Police (PNP).

Philippines remains on FATF Grey List despite positive developments

At the recent plenary sessions in Paris on February 23, the Philippines' appeal to be removed from the Financial Action Task Force (FATF) grey list was unsuccessful.

Visitor mix for mainland Chinese increased for first time since 2019: UBS

Although Macau’s visitor arrivals in January have yet to return to 2019 levels, the visitor mix for mainland Chinese was high at 49 percent in January for the first time, six percentage points higher than the 43 percent recorded in January 2019, according to UBS.

Under the Scope: FATF, junkets, STRs, financiers and workarounds

The Philippines and Vietnam remain on the Financial Action Task Force’s grey list, the only two Asian gaming jurisdictions so defined. In this week’s Under the Scope, gaming expert Ben Lee looks at the differences between each country’s strategy, the impositions they’re facing, and business and political sentiment towards their continued oversight by the financial watchdog.