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Business

Check the latest Business news

10/15/21

Manila Casinos to remain closed despite easing of countermeasures

Manila integrated resorts have been allowed to offer staycations to people who have been fully vaccinated from October 16 but casinos will remain closed.

10/15/21

Casinos in Sydney welcome reopening of borders in NSW

Authorities in New South Wales have said that from November 1 domestic and international tourists will no longer be required to quarantine on arrival.

10/14/21

CNMI governor dismisses urgency of CCC call for funds

Governor Ralph DLG Torres has said that the CCC’s call for funding is not urgent and said the islands should continue to analyse different options, including e-gaming.

10/14/21

Philippines finance secretary blames China for POGO exodus

Carlos G. Dominguez, the Philippine finance secretary, said the exodus of POGOs is mainly due to China’s crackdown and not because of the new POGO tax law.

10/14/21

Melco Resorts credit rating downgraded

Melco Resorts & Entertainment’s credit rating has been downgraded by S&P Global due to a slow recovery amid the Covid-19 pandemic in Macau and the Philippines.

10/13/21

Macau cancels third gaming law consultation session

The third scheduled meeting for the public consultation on gaming law amendments has been cancelled due to a typhoon alert.

10/13/21

Australia: study finds online gambling doubled in past decade

A study has found that the number of online gamblers in Australia has doubled since 2010.

10/13/21

Kangwon Land’s main shareholder transfers stake

The Mine Reclamation Corp, one of Kangwon Land’s main shareholders. has announced it has transferred its entire 36.27 per cent stake to an entity called the Korea Mine Rehabilitation and Mineral Resources Corp.

10/13/21

Malaysia close to allowing foreign tourists arrivals soon

Analysts at banking group Nomura predict that Malaysia is close to reopening its borders to selected foreign tourists soon as the vaccination rate continues to rise.

10/12/21

Nagasaki asks Casinos Austria for details on IR plan

The Nagasaki Prefectural Government has asked Casinos Austria International Japan Inc to present a point-by-point plan of the consortium’s structure and how it will raise funds before the end of October.

10/12/21

Macau GGR for October likely to be down 80%, analysts say

Due to new Covid-19 cases in Macau, analysts expect revenue will be down 80 per cent when compared to pre-pandemic levels.

10/12/21

RWS was fined US$55,448 after failing to implement internal controls

Resorts World Sentosa has been fined by Singapore’s Casino Regulatory Authority (CRA) after the casino operator failed to implement a system of internal controls approved by the regulator.

10/11/21

Star Entertainment shares fall after money laundering allegations

The Australian casino firm’s shares fell dramatically after media allegations of money laundering. The company denies the accusations. 

10/11/21

Macau gaming operators expected to report EDITBA loss in Q3

Morgan Stanley expects Macau’s six gaming operators to report a 108 per cent drop in EDITBA from the previous quarter.

10/11/21

Macau Golden Week visitors down 93%

Just 8,159 people arrived in Macau during the festive period after new local Covid-19 cases were detected.

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Highlighted Interview

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Alex Leese, Pronet Gaming: “The Asian market will become increasingly personalised and increasingly local”

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Gaming News, Focus Africa, Focus Latin America, Focus Brasil and Focus UAE – five daily releases focusing exclusively on these specific markets.