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LET Group appoints three new directors for auditing purposes
LET Group Holdings Limited announced the appointment of three new independent non-executive directors with auditing and accounting experience, as its Hong Kong trading suspension has been lifted.
Closing date of $235M funding for Westside City project extended by one year
The closing date for a deal to secure funding of up to $235.2 million for a casino hotel project at Westside City in Manila has been postponed by 12 months, now scheduled for April 30th, 2025.
PAGCOR sheds more light on recent raid on illegal online gaming raffle
PAGCOR has announced further details around the arrest of 10 Chinese nationals and 26 Filipinos in Laguna and Parañaque City, linked to an illegal online raffle.
Philippines GGR to grow 15% this year, driven by domestic mass: Maybank
The Philippines' gross gaming revenue is expected to grow ‘at least 15 percent’ this year, following record-breaking 2023.
Queensland Attorney-General: Chow Tai Fook suitable partner for The Star in Brisbane
The Attorney-General of Queensland has ruled that Chow Tai Fook Enterprises Limited (CTFE) and its associates are suitable to partner with The Star Entertainment Group at its Brisbane casino.
Casino sales in Korea’s GKL and Lotte Tour drop 19.7% in April
South Korean foreigner-only gaming operators Grand Korea Leisure Co Ltd (GKL) and Lotte Tour Development experienced a month-on-month sales decrease in April.
Macau Police seize 585 counterfeit chips, 5 arrested
Macau Judiciary Police uncovered a cross-border criminal syndicate that utilized counterfeit chips in casinos, leading to the arrest of five suspects from mainland China.
Thai gaming market extremely compelling, UAE casino still on the radar: MGM CEO
The cost of doing business in Thailand and the estimated margins make the possible future gaming market very compelling, while the UAE holds potential, notes the CEO and President of MGM Resorts International.
Imperial Pacific needs $150M to complete Garapan IR
Imperial Pacific International (CNMI) LLC's director/general manager Howyo Chi recently revealed that completing the casino/resort building in Garapan will require an estimated $150 million investment from IPI.
South Korea’s Paradise Co sees 59% surge in gaming revenue in April m-o-m
South Korean foreigner-only casino operator Paradise Co. reported a 59 percent surge in casino gaming revenue on a month-to-month basis in April, totaling $61.1 million.
Cambodia not eliminating gambling, Thailand is a threat
Cambodia’s gaming story is not over by a long shot, with gaming expert Daniel Li pointing out how the country is trying to improve its oversight and legislation, rather than eviscerate the industry.