Thursday, May 26, 2022
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Victoria imposes EGM rule changes at Crown Melbourne

The Victorian gaming regulator has wasted no time pushing for changes at Crown Resorts’ Melbourne casino, announcing new rules governing electronic gaming machines (EGMs) at the casino effective Wednesday. 

Dynam FY2021 revenue rises 6.6%, but company cautious on outlook

Dynam Japan, an operator of pachinko parlors, posted a 6.6 percent gain in profit for the fiscal year to end-March as restrictions eased, but the company is cautious in its outlook.

Resorts World Manila 1Q22 GGR jumps 43% as restrictions ease

Travellers International Group, the operator of Resorts World Manila, said the property generated a 43 percent gain in gross gambling revenue in the first quarter as restrictions eased.

LRWC swings to 1Q22 loss on higher operating costs

Leisure and Resorts World Corporation (LRWC) swung to a loss in 1Q22 due to higher costs as business operations resumed and start-up expenses from its newly launched online bingo operation.

Singapore visitors top 2021 figures in the first four months of this year

Tourism arrivals to Singapore in the first four months of the year have overtaken the visitor numbers for all of 2022, with a surge in April after Covid restrictions were eased.

Chinese immigration official advises citizens not to leave the country, citing infection risk

The Chinese government on Monday has advised citizens not to leave the country unless necessary, and has also discouraged individuals from traveling overseas for sightseeing or visiting friends. 

Victoria strengthens gaming regulator’s oversight of Crown Resorts

The Victorian government has proposed new legislation that will further enhance the compliance and enforcement powers of its gaming regulator as part of its oversight of Crown Resorts.

Macau operators net debt seen at $25b by end-2022, but all should survive: MS

Macau operators net debt could reach $25 billion by the end of this year if China’s strict zero-Covid policies remain in place, but most will be able to survive 2022, Morgan Stanley analysts wrote.

Saipan regulator thwarted again in bid to hold hearing on IPI license revocation

Imperial Pacific International (IPI) has won another reprieve against efforts by Saipan’s Casino Control Commission to revoke its license postponed again. 

SJM Holdings to guarantee worker jobs in satellite casinos

SJM Holdings has said it will guarantee the jobs of any workers who find themselves unemployed due to the closure of its satellite casinos in Macau.

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UPCOMING EVENTS