Industry
July 13, 2021
Macau GGR Rebounds in July, Further Improvement Expected
A significant increase in Macau’s daily gross gaming revenue (GGR) registered in the first 11 days of July is bringing back hopes that the gaming industry will somehow manage to rebound strongly in the second half of 2021 and return to pre-pandemic levels. Daily Average GGR Rebounding Daily GGR from July 1 to July 11 […]
Legal
July 13, 2021
Singapore Starts Consultation for Proposed Gambling Law Reform
Gambling laws in Singapore are about to get tougher, as Singapore’s Ministry of Home Affairs (MHA) has said it would seek public input to steer a more comprehensive regulatory framework on the country’s gambling industry. The ministry is responding to a now tangible overlap between online gambling and gaming, with the terms often used interchangeably by the […]
Industry
July 12, 2021
Imperial Pacific International Forced to Sell Assets to Pay Off Debt
Imperial Pacific International (IPI) comes closer to waving the white flag with each day that passes. The casino operator behind Saipan’s failed Imperial Palace experiment has been as clumsy as a bad episode of The Three Stooges, but without a successful ending. Now, it’s going to lose gaming equipment and vehicles because it hasn’t been […]
Industry
July 9, 2021
Duterte Changes Stance on Gambling Due to COVID-19 Impact on The Philippines
Once a fierce opponent of gambling activities, Philippine president Rodrigo Duterte has changed his position to urge wagering in order to attract funds after the devastating impact of the pandemic. Duterte Softens Tone on Gambling Philippine President Rodrigo Duterte has softened his tone with regards to gambling in the country due to the negative impact […]
Industry
July 9, 2021
Melco Rolls Out Share Purchase and Award Program for Eligible Employees
One of the largest integrated resorts developers and casino operators in the world, Melco Resorts and Entertainment, announced Thursday the launch of a new Share Purchase and Award Program for its workforce. Eligible Melco employees participating in the program have the unique benefit of purchasing company shares. Melco Unveils a New Share Purchase and Awards […]
Industry
July 9, 2021
Macau Still Trying to Find Solid Ground to Recover From COVID-19
Macau is having difficulty jumpstarting its economy after the dismal 2020 it was subjected to by COVID-19. There have been good times and bad times, but, overall, there were more bad times than good. According to the latest data from the city’s Financial Services Bureau (FSB), the first six months of the year have been […]
Business
July 8, 2021
Sands China Announces Third Waiver to Its $3bn Facility Agreement
Sands China entered into its third waiver extension regarding its $3 billion 2018 SCL Credit Facility. Under the third waiver extension, the company extended the loan period and amended conditions without suffering penalties. Sands China Amends and Extends Credit Facility Agreement Sands China, the subsidiary of US-based operator Las Vegas Sands (LVS), announced Wednesday that […]
Legal
July 7, 2021
PAGCOR Splits Teams to Oversee Online and Land-Based Ops
The gambling regulator in the Philippines, PAGCOR, reportedly introduced a structural change to its teams. PAGCOR established a team that would monitor online gambling only. The regulator dedicated a separate team was tasked to supervise and monitor land-based operations. Gambling Watchdog Separates Teams to Online and Land-Based PAGCOR, the Philippine casino regulator and operator, established […]
Casino
July 7, 2021
Nagasaki Approaches the Finish Line with Its Integrated Resort Plans
Japan’s Nagasaki prefecture is confident that it has all of the components necessary to offer an integrated resort (IR) in Japan. It is one of only a small handful of locations remaining in the hunt for the selection of the first three locations that will host a casino resort in the country. It is also […]
Business
July 6, 2021
Cambodia’s Casinos Take a Hit as Country Locks Down Its Borders
Donaco’s Star Vegas Resort & Club and NagaCorp’s Naga World in Cambodia could be facing a new round of losses. The country has been forced, once again, to close its borders with Thailand and Vietnam, thanks to the resiliency of COVID-19. The coronavirus continues to threaten the country, as well as others, with the Delta […]