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Donaco’s Star Vegas, Aristo, recovery in the next financial year: CEO  

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.

Management is committed to ramping up capacity at Genting Malaysia

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.

LRWC raises $20m to fuel upgrades, expansion, Boracay

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, overseas loss, drag Success Universe 1H22 

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.

Clark new terminal signal’s Philippines drive into regional tourism: Marcos

The Clark International Airport’s (CRK) new passenger terminal building is a “strong signal” to the world that the Philippines is open for business, said President Ferdinand Marcos Jr.

The Star Entertainment petitions to continue to operate in Sydney

In a response submitted by Star Entertainment Group to the NSW Independent Casino Commission, the company petitions to be allowed to continue to operate the Sydney Casino.

IMF revises 2022 GDP growth estimates for the Philippines

International Monetary Fund (IMF) projects the real GDP of the nation to grow by 6.5 percent in 2022, which is estimated to slow to 5 percent in 2023, as the confluence of global shocks weigh on the economy in the coming months.

iGaming exposure, GGR, poised for growth in US: Deutsche Bank

In a 47 pages report on the online casino sector and its future, Deutsche Bank is optimistic about the iGaming growth in coming years across the US, depending on the considerable legislation support garnered for sports betting and online betting in the post-pandemic era.

The Star Entertainment Group releases “Remediation Plan Structure”

The Star Entertainment Group has responded to the NSW Independent Casino Commission’s show cause notice, providing a “Remediation Plan Structure” signed by Executive Chairman Ben Heap, on behalf of the Board.

Bragg Gaming consolidates group companies under a single brand

Following successful acquisitions of Wild Streak Gaming and Spin Games and the start of its new content roll-out in North America, the company announced its consolidation under the single brand, Bragg Gaming Group.

Banning POGOs not an option, special zones the answer: Senator

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.

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