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Casino
July 11, 2022
Macau Announces Lockdowns for a Week Through July 18
Macau has just imposed full lockdown with only essential services allowed to do business to a limited extent. This means that all commercial and industrial activities are being shut down, including casinos. Closed Casinos and Other Commercial and Industrial Operations The lockdown introduced by the SAR government and announced at a press conference on July […]
Casino
July 8, 2022
S&P to Downgrade Melco Resorts’ Credit
S&P Global Ratings, an American credit rating agency, may soon downgrade the credit of Melco Resorts & Entertainment and its Studio City. The reason for this is S&P’s doubts that Macau, a key region for Melco’s business, will recover from the pandemic anytime soon. S&P commented that Melco’s mass GGR is experiencing a slow recovery […]
Casino
July 8, 2022
Thai Survey: 81% of Respondents Support Casinos
The Casino Committee of Thailand led a survey on how people would feel if casinos open in the country. Apparently, four in five people support the idea. Many Support Opening Casinos The survey questioned a total of 3,296 Thai citizens. It turns out 81% of them would like to see casinos launch in the country. […]
Casino
July 8, 2022
Macau Casino GGR Forecasts Are Cut, COVID-19 Is Cited as the Main Cause
The gross gaming revenue forecast for Macau casino concessionaires has been cut by S&P Global Ratings as the institution cited the surge of COVID-19 cases in its report, which was published yesterday (Thursday, July 7). Casino GGR Will Reach $1.08 Billion at Most, According to S&P Global Ratings S&P Global Ratings stated that with the […]
Casino
July 8, 2022
Sri Lanka Issues Licenses to All Casino Operators to Collect Unpaid Taxes
On July 4, the government of Sri Lanka has given green light to the issuance of licenses to all four casino operators active in the country. The move aims to make tax collection more efficient. Outstanding Tax Revenue of SRL 2.67 billion ($7.4 million) Sri Lanka has a long-standing gambling regulation with the Betting and […]
Casino
July 8, 2022
Macau Converts Two More Casino Hotels into Quarantine Areas
Macau is undergoing one of its worst COVID-19 outbreaks. In fact, the special administrative region managed to withstand the highly-infectious virus for the past two years, but the disease has resurfaced, claiming lives and now reaching 1,215 cases as of the time of reporting. New data is processed all the time. This has forced the […]
Casino
July 7, 2022
Vietnam May Extend Casino Trial Period by Two Years
Vietnam’s Ministry of Finance requested the extension of the country’s pilot casino program, a VietnamNet report has it. The report also claims that the Ministry requested adding two more casinos to the program. The Ministry Reportedly Submitted an Official Request Vietnam launched its three-year trial in 2019, temporarily allowing locals to play games of chance. […]
Business
July 7, 2022
ParlayBay to Pivot Towards Asia with AzureTech
ParlayBay has signed a distribution partnership with iGaming aggregation platform AzureTech. As a result, ParlayBay will be able to boost the reach of its dedicated sports betting products which will now be part of AzureTech’s platform which has a strong focus on the Asian market. AzureTech to Give ParlayBay Market Boost ParlayBay will benefit from […]
Casino
July 7, 2022
Andrew Lo Steps in as Executive Director for Suncity Group
Suncity Group Holdings finally has a new executive director with Andrew Lo Kai Bong assuming the position. This comes shortly after Lo increased his stake in the company to 74.98%, in what is rumored to be a buyout of the previous director’s shares. Alvin Chau, the former chairman of the company, was arrested back in […]
Casino
July 6, 2022
Wynn Macau to Replace Ian Michael Coughlan in February 2023
Wynn Macau Limited, the company that operates and owns Wynn Macau, announced a key leadership change. Ian Michael Coughlan to Step Down from His Position Next Year The company announced today that its current president, Ian Michael Coughlan decided to step down from his position. The change is effective as of March 1, 2023, the […]
