09/15/21 Macau gaming stocks plummet after proposed new gaming laws Macau casino operators stocks have fallen heavily after the government suggested changes to the current city’s gaming laws amid a public consultation.
09/15/21 CCC warns it will close by end of April 2022 A day after asking the government for a US$1m, the Commonwealth Casino Commission warns it will have to cease operations by April 2022 if it doesn’t get funds.
09/15/21 Yokohama’s IR withdrawal could negatively impact Genting Singapore Morgan Stanley Asia thinks Genting Singapore could have been negatively impacted by Yokohama’s decision not to move ahead with the development of an integrated resort.
09/14/21 Vietnam’s Grand Ho Tram IR to resume operations from September 15 Intercontinental Grand Ho Tram IR will allow local guests at hotel facilities from September 15. The casino will remain closed.
09/14/21 CCC calls for more funds to continue running The Commonwealth Casino Commission (CCC) claims it is running out of money and has asked the government to approve US$1m “to keep the commission afloat.”
09/13/21 AGTech acquires Macau Pass Holdings AGTech Holdings has announced it has acquired the entire capital of Macau Pass Holdings Ltd for HK778m (US$100m).
09/13/21 Hengqin plans won’t benefit Macau casinos in the short term Auditors and analysts believe the Guangdong-Macau plan to develop an intensive cooperation zone on Hengqin won’t have a short-term impact on Macau’s casino industry.
09/10/21 Uncertainty over Crown Resorts ability to continue as going concern Auditor KPMG has said the company’s future is uncertain due to regulatory investigations and the impact of the Covid-19 pandemic on revenue.
09/10/21 Former IPI lawyer may sue the company Former IPI attorney Michael W. Dotts could sue the casino operator for failing to pay him for legal services.
09/10/21 PAGCOR gives PHP8m to NGO for people with disabilities The regulator has remitted PHP8m to a non-government organisation catering to people with disabilities.
09/10/21 CNMI Governor willing to revise new e-gaming licence fee Gov Ralph DLG Torres has said he is willing to form a working group in order to revise the new law that doubles the Northern Mariana Islands’ e-gaming licence fee.
09/09/21 Casino investors top Forbes Philippines’ 50 Richest list The latest Philippines’ 50 Richest list compiled by Forbes includes several casino investors.
09/09/21 HK easing of restrictions unlikely to impact on Macau JP Morgan has said the lifting of Covid-19 restrictions to resume the flow of people between Hong Kong, Guangdong and Macau is unlikely to benefit Macau’s tourism sector.
09/09/21 PAGCOR approves LRWC electronic games system service Leisure & Resorts World Corp (LRWC) has been granted permission to operate as an electronic games system service provider with its Total Gamezone Xtreme brand.
