Weekend Conversation Corner – May, 30
Welcome to the latest instalment of our Focus Gaming News Weekend Conversation Corner, where we summarise the week’s top headlines that have captured global interest. As we condense the flurry of events into a concise summary, we will highlight the stories that have shaped the narrative, influenced policies and sparked conversations. Join us as we cut through the noise and provide a streamlined review of the week’s most significant developments, keeping you informed about what truly matters in our ever-changing world.
Stay informed, stay motivated, and keep gaming. Wishing you a fantastic weekend ahead!
PAGCOR board submits courtesy resignations to the Philippine president
The Philippine Amusement and Gaming Corporation’s (PAGOR) board has submitted courtesy resignations to President Ferdinand Marcos Jr amid a potential mass reorganisation of government departments and agencies. The move, led by chairman and CEO Alejandro H. Tengco, is seen as giving the president “a free hand” in reorganising the regulator. Following disappointing midterm election results, Marcos requested resignations from all cabinet secretaries, agency heads, and presidential advisers. However, the PAGCOR board’s resignations are likely just a formality and not expected to be accepted. PAGCOR recently remitted US$228m to the Philippine National Treasury, representing 75 per cent of its net income for 2024 and higher than the mandated 50 per cent remittance. This decision was in line with Finance Secretary Ralph Recto’s directive to support government spending.
Moody’s keeps Macau long-term credit rating at Aa3
Moody’s has maintained Macau’s long-term issuer rating at Aa3, citing strong fiscal and external positions with no outstanding government debt. However, the agency has a negative outlook for the Macau government due to potential erosion of fiscal and external buffers if growth prospects weaken. The Macau Statistics and Census Service reported a 1.3 per cent decrease in GDP for the first quarter, with visitor arrivals up but exports of services down. The government collected MOP29.84bn in casino taxes in the first four months, with a budget plan forecasting casino GGR to reach MOP240bn this year. Gaming taxes are expected to reach MOP93.12bn. Overall, while Macau’s financial position is currently stable, there are concerns about potential future challenges.
The Star’s shareholders to vote on Bally’s Corp funding proposal
The Star Entertainment Group’s directors have recommended that shareholders vote in favour of a funding proposal from Bally’s Corporation at the upcoming general meeting on June 25. Bally’s would provide AU$200m in funds, with Investment Holdings Pty Ltd contributing AU$100m. If approved, this would result in the conversion of 56.7 per cent of The Star’s issued capital. Shareholders will also consider Placement Capacity Refresh Resolutions. An investment consultant highlighted The Star’s urgent need for additional funds due to a liquidity crisis. In the third quarter of 2025, The Star reported a decrease in net revenue and negative EBITDA, attributed to seasonal factors and adverse weather events. The company is seeking new funding to address financial challenges.
Saipan mayor reiterates support for Tinian online gambling and crypto plan
Ramon Blas Camacho, the mayor of Saipan, supports the legislature’s decision to allow online gambling and the creation of a stablecoin for Tinian, believing it could benefit the economy. He expressed interest in exploring the potential benefits of this move, despite being unfamiliar with cryptocurrency. The bill was introduced by three senators and faced opposition from Governor Arnold I. Palacios, who raised concerns about offshore gaming operators and the regulatory capabilities of the Tinian Casino Gaming Control Commission. The attorney general also advised against the delegation’s authority to regulate non-local matters. Camacho remains optimistic about the economic diversification that online gambling and stablecoin could bring to the Northern Mariana Islands.
Greyhound Racing New Zealand challenges ban on the sport
Greyhound Racing New Zealand has filed a legal challenge against the government’s decision to ban greyhound racing, citing inadequate information, preparation, and consultation. The organisation argues that the decision was rushed and lacked proper evidence, impacting the livelihoods of many. They are seeking interim relief to halt the ban while a judicial review is conducted. The decision has also raised concerns about its potential economic impact, with warnings of a AU$9m loss in the Southland region due to the support provided by owners, trainers, and visitors to local businesses. The organization believes that the government’s decision-making process was flawed and calls for better policymaking practices in the future.
