06/26/20 NagaCorp raises US$350 in senior notes issue The Cambodian group has confirmed it has entered a purchase agreement for US$350 million 7.95% senior notes.
06/26/20 Philippines: no tolerance on POGO tax evasion In an official transmission from Malacañang Palace, the presidential spokeperson has weighed into the debate on POGOs’ tax obligations.
06/26/20 Travellers: gaming revenue up but profits fall The operator of Resorts World Manila saw profits hit by additional costs and expenses.
06/25/20 Growing voices support sports betting in Vietnam Several officials believe legalising sports betting could help Vietnam’s tourism industry recover from the Covid-19 crisis.
06/25/20 The Philippines expects P20 billion from POGOs The Deparment of Finance says P20 billion is the minimum offshore operators should be giving to Philippines state coffers each year.
06/24/20 Legislators insist on 5% tax for POGOs Representative Robert “Ace” Barbers says Philippines law makes no distinction between local and foreign operators and that all POGOs must pay the tax.
06/23/20 Cambodia could get new gaming law this year The new regulation would create an 11-person committee to regulate the gaming industry.
06/23/20 NagaCorp proposes to offer new notes The group’s founder has announced he will personally fund up to US$45 million of the new notes to gain liquidity.
06/23/20 11 POGOs allowed to resume operations 11 operators have been given the green light by PAGCOR and the BIR.
06/20/20 Singapore Pools resumes retail lottery operations Outlets will reopen on today although the organisation advises players to stay at home and use online methods.
06/20/20 Work on Bloomberry’s new Philippines IR restarts Construction of the integrated resort has restarted after being halted for over a month due to Covid-19 measures.
06/19/20 Marina Bay and Resorts World Sentosa to reopen Restaurants and shops will reassume operations this weekend with renewed safety and hygiene protocols.
06/19/20 Senator De Lima to investigate POGOs Senator Leila De Lima is proposing Congress reconsider offshore operators’ position in the Philippines.
06/17/20 POGOs boost demand for office space Philippine Offshore Gaming Operators accounted for 13% of the total demand in the first five months of 2020.
06/17/20 Suncity Group commits US$46 million to Manila IR The group’s Philippines subsidiary has made the deposit as part of the payment schedule for the project in Manila’s Entertainment City.
