01/13/22 Macau authorities detected 1,330 suspicious transactions in 2021 54.6 per cent of the total suspicious transactions registered in 2021 were related to the gaming industry.
01/13/22 Macau GGR could reach 44 per cent of pre-pandemic levels, analysts say Sanford C. Bernstein Ltd. forecasts Macau’s GGR is likely to recover 47 per cent year-over-year in 2022.
01/13/22 Singapore’s legislators agree to increase the rate of gambling taxes Singapore’s parliament agreed to increase the tax rate to 18 per cent on the first SGD3.1bn (US$2.3bn) in GGR collected by casino operators.
01/13/22 Okada Manila posts GGR of US$137m for Q4 Universal Entertainment Corp. has reported Okada Manila’s GGR rose 68.2 per cent when compared to the previous quarter.
01/12/22 IPI’s former chairwoman penalty of $1,000 a day to continue Chief Judge Ramona V. Manglona has confirmed the $1,000-a-day sanction against former IPI chairwoman Cui Li Jie will continue to accrue.
01/12/22 PAGCOR earmarks PHP100m for two towns to build evacuation centres PAGCOR started the year by remitting PHP100m to the local governments of Buguias and Mankayan for the construction of Multi-Purpose Evacuation Centres (MPEC).
01/12/22 IEC appoints Chan Chun Lam as Chief Financial Officer Through a press release, International Entertainment Corp (IEC) has confirmed Chan Chun Lam has been appointed as Chief Financial Officer from 11 January 2022.
01/12/22 AAEC requests written testimony from former LVS president AAEC and LVS agree to request written testimony from former LVS president and CEO William Weidner to check the authenticity of his signature on a memorandum of understanding (MOU) between both companies.
01/12/22 Opol casino found to be operating without a business permit Misamis Oriental provincial board found out the Grand Imperial Casino has been operating without a business permit since it opened last December.
01/12/22 Jeju’s KAL Hotel property that hosts MegaLuck Casino to be sold Jeju’s KAL Hotel property will be sold, according to the hotel’s management, “to overcome its financial difficulties”.
01/12/22 Macau casinos licence renewal attached to Hengqin plans, analysts say Analysts at JP Morgan Securities said the casino licences renewal after June 2022 could involve committing certain budgets for non-gaming projects in the city.
01/12/22 Galaxy relaunches voluntary resignation scheme Galaxy Entertainment Group has announced it will relaunch its voluntary resignation plan for certain employees.
