Monday, June 27, 2022
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Macau Covid cases up to 357, casinos told to step up prevention measures

The number of Covid cases in Macau has risen to 357 and the gaming regulator has urged casinos to restrict the movement of people and to increase their epidemic control measures. 

Aristocrat top pick at J.P. Morgan, with 20% revenue growth eyed

Aristocrat Leisure is the top pick in Australian gaming for analysts at J.P. Morgan, who expect the company to post an almost 20 percent gain in revenue this year. 

Star accused of breaking unlawful gambling act through Suncity relationship

Star Entertainment was accused Monday of potentially having broken New South Wales’ Unlawful Gambing Act by allowing Suncity Holdings to operate a casino within a casino.

SJM Holdings ratings outlook cut to negative by Moody’s

SJM Holdings’ credit rating has been confirmed at its current level after the operator managed to refinance its loans, but the outlook was cut to negative by Moody’s.

ASEAN returns, in-person – First gaming conference in Asia

Major industry changes and updates don’t happen behind a screen but in person. That’s why it’s great to be back and discuss key regional challenges and opportunities face to face at the Shangri-La at the Fort July 25-27.

Macau to begin third round of testing as cases rise to 261

Macau will kick off a third round of mass testing of its population on Monday as the number of confirmed Covid cases rises to 261.

Blackstone to rebuild Crown into an “iconic” destination

U.S. investment group, Blackstone, has completed its A$8.9 billion ($6.1 billion) acquisition of Crown Resorts, saying it aims to rebuild the Australian operator into an “iconic destination for travel.” 

Malaysia still mulling online gambling regulation to stop tax bleed

Malaysia is still considering regulating online gambling and estimates that it’s losing about MYR2 billion ($454 million) a year in lost tax revenue.

Ainsworth CEO Harald Neumann granted 2.8m performance rights

Ainsworth Game Technology said its CEO Harald Neumann has been granted 2.8 million performance rights as a long-term incentive.

Pronet Gaming accelerates expansion plans into Asia

Pronet Gaming is to turn its attention to emerging markets in Asia following the unprecedented success that has allowed it to expedite its ambitious plans ahead of schedule.