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Casino
June 16, 2022
Imperial Pacific International Dodges Losing its Saipan Casino License
Hong Kong-based Imperial Pacific International (IPI) avoided losing its monopoly license in Saipan yet again. For the fourth time, a judge of the US District Court for the Northern Mariana Islands issued a temporary restraining order (TRO) this time postponing the meeting over IPI’s license by an additional 30 days to 8th July. IPI’s Ongoing […]
Industry
June 15, 2022
Wynn Resorts Provides Wynn Macau with a $500M Loan
Wynn Resorts has vowed to continue investing in Macau despite the hurdles the region is facing. To prove this, the gambling giant loaned $500 million to its Wynn Macau arm, helping it recover from COVID-19. Wynn Resorts Lent $500M to Wynn Macau Wynn Macau will use the money to bolster its business and mitigate the […]
Industry
June 15, 2022
Macau to Extend Casino Licenses, TDM Reports
Local Macau broadcaster TDM has reported that the government of the special administrative region will likely sign a new casino license extension on June 23. According to the reports, casino operators’ licenses will be extended for six additional months. Each Concessionaire Will Have to Pay $5.8 Million The extension comes as no surprise, considering the […]
Casino
June 14, 2022
Tiger Resort Asia Ltd Hits Back at Kazuo Okada over Okada Manila
Hong Kong-listed Tiger Resort Asia Ltd (TRAL), which holds a 99.99% stake in Okada Manila Tiger Resort Leisure and Entertainment Inc (TRLEI), has released a public advisory, notifying the public and all institutions that it is not going to honor or recognize any transaction on behalf of TRLEI made by Kazuo Okada, Antonio Cojuangco, Dindo […]
Casino
June 14, 2022
Jade Entertainment CEO Takes Stock of Philippines Black Market
Jade Entertainment CEO Joe Pisano recently penned a contribution article for Asia Gaming Brief in which he discussed the state of illegal gambling in the Philippines and the active steps taken that can be taken by the regulator, the Philippine Amusement and Gaming Corp. (PAGCOR), consumers and other entities in tackling the issue. While much […]
Industry
June 13, 2022
Refrain from Gambling Advertisements, Indian Ministry Told Media
Authorities in India took a firm stance about gambling after an advisory issued by the Information and Broadcasting (I&B) Ministry asked all print, electronic and digital media to cease advertising of online gambling platforms. Illegal in Most Parts of the Country The Indian I&B Ministry released the advisory on Monday, warning that betting and gambling […]
Casino
June 13, 2022
Casino Resort Debated in Mae Sot District, Thailand
Thailand may soon welcome a new casino resort as talks about hosting a new property in the Mae Sot district are ramping up. The location has strategic significance as it’s right on the border with Myanmar, a conservative country that is not in a hurry to expand gambling itself, which could provide labor and customers […]
Legal
June 10, 2022
TRLEI’s New Board Denies Forceful Takeover Allegations
Tiger Resort, Leisure and Entertainment Inc’s new board has insisted that the transition of power was peaceful and it denied all allegations that it took control of the Okada Manila operator by force. The Kazuo Okada team added on Thursday that the group was welcomed well and assisted by the security team. TRLEI Stated Last […]
Sports
June 8, 2022
Japanese Government Denies Any Plans for Gambling Reforms
Hagiuda Koichi, Japan’s Minister of Economy, Trade, and Industry held a press conference over rumors of a draft proposal to ease restrictions on sports wagering in the country. He was adamant that there were no planned legislative changes relating to sports betting. This stance was also confirmed by several other government officials and follows the […]
Casino
June 8, 2022
Wynn Macau Management to Take Salary Cut for Shares
Macau is in a state of flux with lawmakers undertaking the most serious industry review to date. Because of that, companies have had to act preemptively and anticipate changes in regulation, altering their business models in some instances, and coming up with coping mechanisms in others. Wynn Macau Creates New Way of Remuneration From reducing […]
