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WA AML unit should never have been disbanded, inquiry hears

Western Australia’s former chief casino officer, David Halge, has said that an anti-money laundering police unit that has been dismantled in 1999 could have helped to prevent money laundering at Crown Resorts.

05/25/21

New Zealand: casino charity requirements to be reviewed

The New Zealand Gambling Commission is analysing casino charity requirements as some casino operators are currently giving away less than 1 per cent of their profits annually.

05/25/21

Landing International expects to raise US$17.9m from new shares

Landing International plans to use the funds for the maintenance and upgrade of its casino resort Jeju Shinhwa World on South Korea’s Jeju Island.

05/25/21

Genting Hong Kong cautious about performance in 2021

Genting Hong Kong has shared its audited financial results for the year 2020 and has said it expects Covid-19 will continue to have a material impact on the group’s business.

05/24/21

Macau visitor arrivals up 5.3% in April

Macau registered 794,819 visitor arrivals in April, up 5.3 per cent from March and 7,000 per cent year-on-year.

05/24/21

Vietnam: casinos’ request to expand locals’ access goes unheard

In March casino operators in Vietnam asked the government to ease the rules on locals entering casinos, but the government has made no response.

05/22/21

Reef Casino profit surpasses 2019 levels

Reef Casino Trust has reported that profit for the first quarter was higher than in 2019 thanks to an increase in regional and local visitors.

05/22/21

Sri Lanka: port city development gets approval from parliament

The China-backed $1.4bn port city development in Colombo has received approval from Sri Lanka’s parliament.

05/22/21

Macau’s economy to rebound by 2024, analysts say

According to Moody’s Investor Service, Macau’s economy could return to pre-pandemic levels by 2024.

05/22/21

Macau: Melco awards staff that receive Covid-19 vaccine

Melco Resorts is offering staff US$125 to encourage them to get vaccinated against Covid-19.

05/22/21

Australia: new owners of Lasseters Casino add extra pokies

The number of poker machines in the Northern Territory has risen more than two-fold since Lasseters Casino changed hands.

05/22/21

Resorts World Manila revenue down 24% in Q1

Travellers International, the operator of Resorts World Manila, has reported a loss of PHP1.1bn (US$23.0m) for the first quarter.

05/22/21

South Shore expects to post US$122.4m full-year loss

The owner of The 13 Hotel in Macau has issued a profit warning.

05/22/21

Crown AML manager backs cashless gaming proposal

Crown’s anti-money laundering manager Nick Stokes has said he’s in favour of phasing out cash at Crown’s casinos.

05/21/21

Japan: Wakayama remains optimistic about IR bid

Wakayama prefecture is expected to make a decision on Clairvest’s IR proposal in the following weeks.

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Latest Articles

WA AML unit should never have been disbanded, inquiry hears

New Zealand: casino charity requirements to be reviewed

Landing International expects to raise US$17.9m from new shares

Genting Hong Kong cautious about performance in 2021

Macau visitor arrivals up 5.3% in April

Vietnam: casinos’ request to expand locals’ access goes unheard

Reef Casino profit surpasses 2019 levels

Sri Lanka: port city development gets approval from parliament

Macau’s economy to rebound by 2024, analysts say

Macau: Melco awards staff that receive Covid-19 vaccine

Australia: new owners of Lasseters Casino add extra pokies

Resorts World Manila revenue down 24% in Q1

South Shore expects to post US$122.4m full-year loss

Crown AML manager backs cashless gaming proposal

Japan: Wakayama remains optimistic about IR bid

Weekend conversation corner

Weekend Conversation Corner – August, 28

Australasia

Tasmania launches inquiry into scrapped gaming machine card

Casino

Japan’s Wakayama signals that it would support casino resort bid

Finance

RGB International reports 26% drop in Q2 profit despite revenue growth