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Pressure mounts for SkyCity to return more profit to community

Hamilton City Council has made a draft submission to review licence conditions for casinos since SkyCity only returns 1.5 per cent of its profit to the community while pubs and clubs must return 40 per cent.

06/11/21

South Korea in talks on travel bubble with Singapore and Taiwan

South Korea could announce a travel bubble with Singapore and Taiwan from July to help the tourism sector start to recover from the impact of the Covid-19 pandemic.

06/11/21

Sports betting could boost Macau GGR, analysts say

With Macau Slot Co losing its exclusivity in sports betting, analysts believe casinos could diversify their gaming offerings.

06/11/21

Imperial Pacific continues to pay back wages

Imperial Pacific has said it continues to pay its scheduled back wages payments in full and on time.

06/10/21

The Philippines approves two more e-sabong operators

PAGCOR has allowed four firms to operate e-sabong in the Philippines.

06/09/21

Pansy Ho Chiu King reduces MGM Resorts stake to 0.86%

Pansy Ho Chiu King has sold US$20.4m worth of shares in MGM China’s parent company, MGM Resorts International, reducing her stake to 0.86 per cent.

06/09/21

Macau Slot loses exclusive rights to run instant lotteries

The instant lottery and sports betting concessionaire has extended its concession for three years but without exclusive rights.

06/09/21

SkyCity board approves three new non-executive directors

Three new non-executive directors have received regulatory approval to join SkyCity’s board.

06/09/21

Wakayama: Clairvest partners with two companies for IR bid

The Wakayama Prefectural Government announced Clairvest Neem Ventures’ consortium as its IR partner after Suncity Group’s withdrawal from the contest.

06/09/21

SA Euro presents Speed Baccarat

06/08/21

Shanghai to test digital yuan for lottery prizes

Lottery winners will receive 350,000 digital red envelopes containing 55 units of the Chinese central bank’s digital currency (CBDC) equivalent to $3m.

06/08/21

Macau GGR to drop 30% in June, analysts say

Bernstein Research predicts that Macau’s GGR will decline in June due to a new surge in Covid-19 cases in Guandong province.

06/08/21

NagaCorp confirms cut jobs due to economic crisis

NagaCorp has confirmed dismissals and pay cuts due to the impact of the Covid-19 pandemic and the closure of NagaWorld since March.

06/08/21

Suncity launches voluntary redundancy scheme

Suncity Group is offering voluntary redundancy through a “Personal Career Reshaping Plan” due to the impact of the Covid-19 pandemic.

06/05/21

MGM CEO: only two Japanese IRs likely to be built

Bill Hornbuckle, MGM president and CEO, has said he believes Japan will only build two IRs in the first round of development.

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Check the latest Business news

Pressure mounts for SkyCity to return more profit to community

South Korea in talks on travel bubble with Singapore and Taiwan

Sports betting could boost Macau GGR, analysts say

Imperial Pacific continues to pay back wages

The Philippines approves two more e-sabong operators

Pansy Ho Chiu King reduces MGM Resorts stake to 0.86%

Macau Slot loses exclusive rights to run instant lotteries

SkyCity board approves three new non-executive directors

Wakayama: Clairvest partners with two companies for IR bid

SA Euro presents Speed Baccarat

Shanghai to test digital yuan for lottery prizes

Macau GGR to drop 30% in June, analysts say

NagaCorp confirms cut jobs due to economic crisis

Suncity launches voluntary redundancy scheme

MGM CEO: only two Japanese IRs likely to be built

Business

Cambodia’s Preah Sihanouk launches five-year tourism plan

Australasia

ACMA fines Dabble AU$1m over BetStop self-exclusion breaches

Highlight of the week

Cambodian PM orders review of licensing conditions amid “excessive” number of casinos

East Asia

Wynn Macau cuts conversion price on US$600m bonds