09/24/21 Capital Group Companies Inc reduces stake in Wynn Macau Capital Group has announced it has reduced its stake in Wynn Macau from 7.20 per cent to 6.87 per cent.
09/24/21 Crown Perth used by organised criminals, inquiry hears Deputy Police Commissioner Col Blanch has told the WA Royal Commission that Crown Perth was used by criminal organisations to move cash through casino junkets and avoid detection from regulators.
09/24/21 Sands China completes issue of US$1.95bn in senior notes Sands China has announced it has finished the issuance of new unsecured notes to redeem in full the outstanding principal amount of its US$1.80bn 4.6 per cent senior notes due 2023.
09/23/21 POGO tax signed into law by Philippine president POGOs will have to pay 5 per cent on gross gaming revenue under the new law.
09/23/21 Expectations rise for October Golden Week in Macau Expectations for Macau’s October Golden Week continue to rise. Authorities now expect 40,000 daily visitors during the national holiday.
09/23/21 Resorts World Genting to reopen from October 1 Genting Malaysia’s Resorts World Genting will reopen from October 1.
09/23/21 Nagasaki expects annual GGR of US$1.37bn from its IR The Nagasaki Prefectural Government has revealed it expects annual gross gaming revenue (GGR) of JPY150bn (US$1.37bn) from its proposed integrated resort.
09/23/21 Vietnam to allow Phu Quoc casinos to reopen Authorities on the island of Phu Quoc have announced that casinos will be allowed to reopen, but a pilot programme to let international tourists arrive without mandatory quarantine has been postponed.
09/23/21 Cambodia to reopen borders to tourists Authorities in Cambodia have said that the country will soon allow the entry of international tourists.
09/23/21 AIGF criticises Karnataka ban on online gambling The All-India Gaming Federation (AIGF) claimed the banning of online gambling would damage the state’s standing as a tech centre and start-up capital.
09/23/21 Increased supervision over Macau casinos could hurt premium mass market According to Ben Lee, managing partner of iGamiX Management & Consulting, Macau could lose 80 per cent of its premium mass business due to the proposed changes to the city’s gaming laws.
09/22/21 Crown Perth VIP room remained open during lockdown The WA Royal Commission has heard that Crown Perth breached lockdown rules by keeping its VIP room open.
09/22/21 Andrew Yeom: “Allowing online gambling could bring up to 2.1m online users annually” Andrew Yeom, Commonwealth Casino Commission executive director, was invited by House Gaming Committee Chairman Edwin Propst to discuss the possibility of online gambling with lawmakers.
09/22/21 Fitch keeps Crown under negative ratings watch The ratings agency has decided to maintain Crown Resorts under its Rating Watch Negative (RWN) as the company is still facing two Royal Commissions.
09/22/21 KN Paradise increases investment in Vietnam casino complex KN Paradise Cam Ranh has announced it has upped its investment for the development of an integrated resort due to changes in the structure and standards of construction items.
