01/13/22 Singapore’s legislators agree to increase the rate of gambling taxes Singapore’s parliament agreed to increase the tax rate to 18 per cent on the first SGD3.1bn (US$2.3bn) in GGR collected by casino operators.
01/12/22 AAEC requests written testimony from former LVS president AAEC and LVS agree to request written testimony from former LVS president and CEO William Weidner to check the authenticity of his signature on a memorandum of understanding (MOU) between both companies.
01/12/22 Jeju’s KAL Hotel property that hosts MegaLuck Casino to be sold Jeju’s KAL Hotel property will be sold, according to the hotel’s management, “to overcome its financial difficulties”.
01/12/22 Macau casinos licence renewal attached to Hengqin plans, analysts say Analysts at JP Morgan Securities said the casino licences renewal after June 2022 could involve committing certain budgets for non-gaming projects in the city.
01/12/22 Galaxy relaunches voluntary resignation scheme Galaxy Entertainment Group has announced it will relaunch its voluntary resignation plan for certain employees.
01/11/22 Macau GGR will reach US$12.5bn this year, according to Wynn Macau Linda Chen, Wynn Macau Executive Director, said she believes Macau’s GGR for 2022 will be MOP100bn (US$12.5bn).
01/11/22 Lottery sales in China down 4.6% in November Chinese lottery sales in November were down 4.6 per cent year-on-year and down 22 per cent when compared to pre-pandemic levels.
01/11/22 Genting HK’s shipyard in Germany files for insolvency Genting Hong Kong has revealed its shipbuilding unit in Germany, MVWH, has filed for insolvency after failing to reach an agreement over financial assistance.
01/11/22 Singapore’s IR expansion plans delayed due to Covid-19 Alvin Tan Sheng Hui, Singapore’s Minister of State for Trade and Industry, has said expansion plans of Singapore’s two integrated resorts will be delayed due to the Covid-19 pandemic.
01/10/22 Fraud charges against Kazuo Okada dismissed by Philippines Court Fraud charges against former Universal Entertainment Corp chairman Kazuo Okada were dismissed by the Philippines Court of Appeals.
01/10/22 China investigated over 17,000 cross-border gambling cases in 2021 Authorities in China revealed more than 17,000 cross-border gambling cases were handled in 2021.
01/10/22 Macau GGR down 9% in the first week of January Macau’s GGR for the first week of January was down 9 per cent week-on-week with average daily revenue of MOP266m (US$33.3m).
01/10/22 GKL extends Seven Luck Seoul Gangnam closure again Grand Korea Leisure has extended the temporary closure of the Seven Luck Seoul Gangnam until Monday due to new Covid-19 cases among its staff.
01/10/22 Macau expects 40,000 daily visitors for Chinese New Year The Macau Government Tourism Office (MGTO) expects to surpass the figure registered last year that was significantly down due to the Covid-19 pandemic.
01/07/22 Macau’s indoor venues to require vaccination proof for admission Authorities in Macau are analysing the possibility of tightening Covid-19 countermeasures and imposing vaccination requirements for admission to certain local indoor venues.
