09/25/20 PAGCOR fee revenue down almost 50% State revenue from regulatory fees paid by POGOs is only half what it was before Covid-19.
09/24/20 Fitch: Okada recovery remains uncertain The ratings agency says a potential second outbreak of Covid-19 and lack of consumer confidence inform its negative outlook for the firm.
09/24/20 Genting Malaysia to “leverage domestic demand” The group has also confirmed its movie-inspired theme park is still scheduled to open in mid-2021.
09/24/20 Bloomberry receives new summons over cyber-heist A New York State court has summoned the operator in connection to a 2016 attack on the Bangladesh Bank by hackers.
09/23/20 GKL and Kangwon Land sign HR agreement The casino companies have signed a personnel exchange agreement to optimise human resources.
09/23/20 Lotte Tour to move headquarters to Jeju The travel company will move its headquarters from Seoul to Jeju Dream Tower once the development opens.
09/22/20 PH Resorts to launch Cebu IR in 2022 The company expects to get approval for a US$23 million share offer that will be used to fund the completion of the new IR.
09/22/20 IEC secures licence for Manila casino The company had requested has obtained a provisional licence from PAGCOR to run an integrated resort.
09/22/20 PAGCOR: GGR drops to US$49m in Q2 Tax income from POGOs is also expected to drop as operators leave the Philippines.
09/21/20 Kangwon Land casino remains closed The casino resort in South Korea was scheduled to reopen today but will remain closed until at least October 5.
09/20/20 Cambodian casino reopens with safety measures Ha Tien Vegas, located near the border with Vietnam, is now open under strict Covid-19 protocols.
09/20/20 26 POGOs found in violation of Philippine law Almost half of POGOs listed the same addresses as those of their service providers despite being required to hire Philippine sevices.
09/18/20 Genting Malaysia can expect EBITDA turnaround in Q4 With the reopening of its major casinos the company can expect a recovery, according to analysts from Nomura.
09/17/20 Okada Manila deploys robots for partial reopening The casino is working at 30 per cent capacity and has invested in electrostatic sprayers, ultraviolet spotlights, and disinfection chambers.
09/17/20 Marina Bay Sands investigates money transfers Las Vegas Sands’ casino in Singapore has hired a law firm to investigate the process through which employees handle patron’s transfers.
