Wednesday, July 24, 2024



China’s Supreme Court orders severe penalties for cross-border gambling

China’s Supreme Court has instructed courts nationwide to continue imposing harsh penalties on individuals involved in cross-border gambling crimes, with a particular focus on organizers, ringleaders, and repeat offenders. This directive aims to prevent financial risks and safeguard economic security.

Cambodian PM halts new casinos in southern coast provinces 

Cambodian Prime Minister Hun Manet has prohibited the establishment of new casinos in the Kep and Kampot provinces, with the exception of Bokor Mountain, where existing operations will continue.

Crown Perth CEO David Tsai appointed as President and Group COO

Crown Resorts announced on Tuesday that it would be appointing the CEO of Crown Perth, David Tsai, as President and Group Chief Operating Officer, effective from August 1st.

Shin Hwa World to raise $33.1M via rights issue

Shin Hwa World expects to raise $33.1 million in net proceeds from its new rights issue. The company plans to use the funds to enhance its core business and support growth.

Macau’s macro conditions challenge gaming performance: Jefferies 

Jefferies' latest investment memo indicates that macroeconomic conditions in Macau are exerting pressure on the region's gaming operators.

Malaysia and Singapore gaming sectors poised for robust recovery in 2H24: HLIB Research

The Malaysia and Singapore gaming sectors are poised for a robust recovery in the second half of 2024, driven by increased tourist arrivals and regulatory developments, Hong Leong Investment Bank Research (HLIB Research) estimates.

Market share of Macau gaming operators to continue to shift throughout FY24/25: analyst

No major surprises are expected out of the upcoming second quarter results for Macau gaming operators, according to Seaport Research Partners, however market share is expected to continue to shift as competitive positions realign.

Macau’s visitor arrivals surged 43.6% in 1H24

Macau's visitor arrivals surged by 43.6 percent year-on-year to 16.7 million in the first half of 2024, recovering to 82.4 percent of the pre-pandemic levels in the same period of 2019. 

Dowinn Group reopens all VIP rooms in PH, but majority record no activity

According to a source familiar with the situation, a leading junket operator in the Philippines, Dowinn Group, has reopened all of its previously shuttered VIP gaming rooms. However, the majority of these rooms have not recorded any activity.

Philippines banning POGOs starting from year-end: President

Philippines President Ferdinand Marcos Jr. has announced a ban on Philippine Offshore Gaming Operators (POGOs) during his latest State of the Nation Address.