10/20/20 Macau: visitors for FY2020 will be down by 90% The Macao Government Tourism Office expects visitor numbers to remain down by 90% against 2019.
10/20/20 Macau Chief Executive says China will support the city The announcement of an amendment to China’s criminal law that would criminalise the promotion of gambling overseas has caused concerns.
10/20/20 Crown to face AUSTRAC investigation The regulator is questioning compliance procedures at Crown’s Melbourne casino.
10/20/20 Emperor expects US$20m in net losses The company attributed poor financial results to travel restrictions, which led to a 90 per cent drop in gaming revenue.
10/20/20 Macau gaming taxes collection plummets In the last nine months, Macau collected about US$2.93 billion on direct taxes of gambling activities.
10/20/20 Malaysia: tax hikes not expected for casinos RHB Investment Bank has said a new increase is unlikely as Genting Malaysia is still recovering from the financial hit wrought by the pandemic.
10/20/20 IPI faces another complaint for Saipan casino debts The operator also faces complaints for regulatory violations and breach of contract in Saipan.
10/19/20 Universal Entertainment to increase notes offering The casino and resort company will increase its notes offer from US$100 million to US$135 million.
10/19/20 Japan: six arrested for illegal gambling Police raided an illegal casino in Tokyo and arrested the manager, staff and two customers.
10/19/20 PH Resorts sets price for a follow-on offering The gaming company has set the price for a follow-on offering as part of fundraising to complete its Emerald Bay project.
10/19/20 Widus Group pushes casino opening to 2021 The US$247m project in the Philippines’ Clark Freeport Zone has been delayed by the pandemic.
10/19/20 Macau: quarterly increase in games of fortune revenue The DICJ has reported a 51 per cent quarterly increase in VIP baccarat revenues and a 71 per cent jump for mass baccarat.
10/19/20 Crown Resorts chair: “We can do better” Helen Coonan has admitted background checks on VIP guests were not robust enough.
10/19/20 SkyCity expects return to normal operations in 2022 The second lockdown in Auckland cost the group about US$14 million. It is now operating at the same levels as in May.
10/19/20 PAGCOR says POGOs must pay new tax Rodrigo Duterte’s government has approved a new economic relief package that changes the way POGOs are taxed.
