08/19/21 PH Resorts to raise US$11.9m to complete Emerald Bay project The gaming company PH Resorts has announced it will raise nearly PHP599.2m (US$11.9m) from a subscription transaction involving parent firm Udenna Corp.
08/18/21 Macau daily tourist arrivals on the up Macau’s Public Security Police reported 16,900 inbound tourists on Tuesday, showing a recovery after the drop due to local Covid-19 cases in the first week of August.
08/17/21 IPI sued for failing to pay rent on warehouse Imperial Pacific faces another lawsuit as the South Pacific Lumber Company sues for unpaid rent dating back to March 2020.
08/16/21 Tabcorp plans AI boost for sports wagering offerings Tabcorp will use artificial intelligence to offer more sports wagering operations to customers.
08/16/21 IEC delays PAGCOR New Coast Hotel partnership International Entertainment Corp has postponed a cooperation agreement with PAGCOR for the development of its New Coast Hotel property in Manila due to Covid-19 countermeasures.
08/13/21 Australian gambling companies now support credit card ban Australian‑licensed wagering providers who previously criticised a proposal to ban credit card gambling now support the measure.
08/13/21 Macau: 60% of August flights cancelled Macau International Airport Co Ltd has reported that almost 60 per cent of China-Macau flights have been cancelled amid a community outbreak of Covid-19.
08/12/21 Macau: Foreign workers decreased 11% since the start of the pandemic Macau’s Labour Affairs Bureau has reported that the number of foreign workers in Macau has decreased by 11 per cent since the outbreak of the Covid-19 pandemic.
08/12/21 Grand Korea Leisure posts a net loss of US$15.5m for Q2 Grand Korea Leisure (GKL) has reported a net loss of KRW18.06bn (US$15.5m) for the second quarter of the year, while sales were up 41.8 per cent year-on-year KRW32.98bn.
08/12/21 Crown Resorts to go into default if it loses licence In closing submissions to Victorian Royal Commission, Crown Resorts warned that if it loses its licence in the state, there is a “very real potential” of default on its debt facilities.
08/11/21 Macau’s VIP rooms untenable under China’s new penal code The Legislative Assembly has indicated that VIP rooms will “hardly be able to continue with their modus operandi” under China’s revised penal code.
08/10/21 Gaming companies against new licence fee in N. Mariana islands Mariana Entertainment and MP Holdings have filed a complaint against the CNMI government over an increase to the e-gaming licence fee signed off last week.
08/10/21 Macau unlikely to ease travel restrictions until next year – analysts Sanford Bernstein predicts Macau won’t ease travel restrictions until next year, but an improvement in Gross Gaming Revenue (GGR) is expected for the fourth quarter of 2021.
08/09/21 Genting Malaysia share prices up after easing of Covid-19 restrictions Genting Malaysia’s share price rose 4.06 per cent after Malaysia’s Prime Minister announced an easing of Covid-19 restrictions for fully vaccinated people.
