Wednesday, May 29, 2024



Gaming oversight body to discuss Imperial Pacific bankruptcy request and Tinian online gaming license bill

The Commonwealth Casino Commission is scheduled to discuss updates on Imperial Pacific International Chapter 11 bankruptcy petition and a proposal to grant internet gaming licenses on Tinian for up to 20 years, during their meeting on Thursday.

Stricter measures for police officers caught moonlighting after POGO-linked incidents

The Philippine National Police (PNP) chief has announced stricter measures against moonlighting police officers after several incidents involving security forces personnel caught working as security for Philippine Offshore Gaming Operators (POGOs).

Macau ranked as the most satisfying destination for travelers from China in 1Q24

A survey conducted by the China Tourism Academy shows that Macau was ranked as the most satisfying destination for outbound travelers from mainland China in the first quarter of 2024.

Punters to maintain or increase gambling budgets in Macau: CLSA survey 

A recent China Reality Research (CRR) survey conducted by investment bank CLSA has shown that travelers still exhibit a high willingness to spend in Macau - including on gambling, despite visitation not yet fully normalizing.

Okada Manila seeking IPO on Philippine Stock Exchange by 2025: Report

According to a report, the company behind Okada Manila, Universal Entertainment Corp, is planning to list the entity on the Philippine Stock Exchange via an Initial Public Offering worth between $500 million and $750 million by 2025.

Two Manila Congressmen seek to eliminate illegal gambling, POGOs

Two Manila Congressmen are pushing to eradicate online and text message gambling, highlighting its detrimental effects on the poor and young due to easy access.

Illicit money exchange in Macau becoming “corporatized and professional”, warns security chief

Illicit money exchange in Macau's casino areas is increasingly becoming "corporatized and professional" in its operations, according to the SAR's security chief.

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.