10/29/20 Philippines could tax online cockfighting events The measure seeks to impose a tax of 5 per cent on gross revenues gained from offsite betting activities on locally licensed games.
10/28/20 PAGCOR income from gaming down 60% The Philippines casino regulator has reported a 60 per cent fall in income from gaming operations in the first nine months of 2020.
10/27/20 Philippines VP: “Chinese affluence poses threat” VP Leni Robredo has warned that 27,678 Chinese tourists are seeking permanent residency as retirees despite not being old enough.
10/27/20 PAGCOR could allow casinos to take online bets The regulator has received several requests during the Covid-19 pandemic and it is currently analysing the possibility.
10/27/20 What the new gaming law means for Cambodia Can the country become a top international gambling destination and boost investment from the industry?
10/23/20 Belle Corp net income plunges 96.4% The developer, which has an interest in City of Dreams Manila, has reported a fall in net income.
10/23/20 PH Resorts to raise US$15m for Emerald Bay complex The Philippines-listed gaming company has received the green light to raise funds to complete the first phase of the project.
10/22/20 Singapore: 31 arrested for gambling offences The Singapore Police smashed an illegal gambling ring and arrested 31 people.
10/22/20 Malaysia loses US$724m to illegal syndicates There are six licensed NFOs in the country that report annual revenues of more than US$2.1bn and make tax payments of US$482m.
10/22/20 More POGO workers leave Subic Bay About 85 per cent of the Chinese workers hired by POGOs in the freeport area have been retrenched since March.
10/20/20 Malaysia: tax hikes not expected for casinos RHB Investment Bank has said a new increase is unlikely as Genting Malaysia is still recovering from the financial hit wrought by the pandemic.
10/19/20 PH Resorts sets price for a follow-on offering The gaming company has set the price for a follow-on offering as part of fundraising to complete its Emerald Bay project.
10/19/20 Widus Group pushes casino opening to 2021 The US$247m project in the Philippines’ Clark Freeport Zone has been delayed by the pandemic.
10/19/20 PAGCOR says POGOs must pay new tax Rodrigo Duterte’s government has approved a new economic relief package that changes the way POGOs are taxed.
10/16/20 Singapore: Genting Cruise Lines to recruit 100 staff Genting will resume its cruise operations in December, along with Royal Caribbean, and will be hiring Singaporean staff.
