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APE reported net losses of $1.9mln, prepares for a turnaround in 2023
Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd (APE) reported revenue of just above HK$10.5 million ($1.3 million) for FY2022, up 37.7 percent from the prior year. The firm reported a HK$139,276 gross loss for the 12-month period, due to a “sharp fall” in gross profit from its electronic gaming equipment business, according to a Monday filing.
Genting Singapore remains “cautiously optimistic” of recovery pace
The head of casino operator Genting Singapore Ltd, Lim Kok Thay, notes that the firm is expecting “continued recovery of travel and tourism”, mentioning that the “recovery pace may be inconsistent due to international ﬂight capacities and unexpected border measures. Further, economic uncertainties and inﬂationary pressure as well as manpower challenges emerge as areas of concern”.
Air Macau launches Macau-Bangkok Don Mueang service
Macau’s flagship carrier, Air Macau launched new route between Macau and the Thai capital from yesterday, March 28, linking Macau and Bangkok’s Don Mueang International Airport.
LET-controlled Suntrust Resort Holdings confirms no delay in Manila hotel and casino project
The controlling shareholder of Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings, has confirmed that there is no delay with its Manila hotel and casino project, scheduled to open in 2024.
Consistency is seen as common issue for Asia online gaming operators: expert
Oppa Asia Co. Ltd.’s managing director has told AGB that the Asian affiliate industry is “less mature than in the US or Europe”, but that "it's slowly getting there”.
Let’s Win Group club officially opens at Hoiana Resort & Golf
Hoiana Resort & Golf has officially opened its Let’s Win Group club at the property, marking a new era for the property. The official opening was held on Saturday, with more than 500 industry representatives and VIPs in attendance.
Crown investigating data breach via third-party transfer service
Crown Resorts is investigating a potential data breach after being targeted by a hacking group. Crown confirmed the attack on Monday, noting that its third-party file transfer service GoAnywhere had been targeted by a “ransomware group who claim they have illegally obtained a limited number of Crown files”.
PH SEC signs data-sharing agreement with PAGCOR
The Phillipine's Securities and Exchange Commission (SEC) has partnered with several government agencies, including the police and PAGCOR, to share information on beneficial owners of companies and other regulated entities.
Macau’s mainland China visitor arrivals reach 50% of 2019 levels
According to estimates by the Macao Government Tourism Office (MGTO), the number of mainland visitors to Macau reached 50 percent of pre-pandemic levels, as the director of MGTO, Maria Helena de Senna Fernandes, mentioned that tourist numbers last Saturday, March 18th, reached 96,000, a new record since the pandemic.
Chinese police report 50,000 cases related to gambling and prostitution in 2022
Chinese police emphasize their determination to crack down on gambling and prostitution after finding some 50,000 cases in 2022.
Chen Si, COO of INSPIRE Entertainment Resort, redefines luxury
The latest newcomer to South Korea, Mohegan's INSPIRE Entertainment Resort aims to redefine how luxury entertainment is done. Chen Si, COO of the property, explains what differentiates it from the rest and how to capture the clientele amongst a competitive regional environment.