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Casino
March 15, 2022
New Regulations Adopted by SEC Could Result in Melco Delisting from NASDAQ
Melco Resorts and Entertainment could be delisted from NASDAQ as the US Securities and Exchange Commission (SEC) adopted new regulations concerning foreign companies back in January. Even though there’s still no immediate cause for concern, the news rocked the company as its shares fell 15% on Friday. The news comes just after its CEO applied […]
Casino
March 15, 2022
South Korea Relaxing Travel Measures, Health Protocols in Place
South Korea is moving forward with suspending the majority of COVID-19 travel restrictions, albeit with a few caveats. The country prepares to welcome tourists back starting from March 21, but this will come with its own requirements, including the fact that any inbound traveler must be fully vaccinated against COVID-19. The new travel requirements were […]
Casino
March 14, 2022
Melco Resorts CEO Applies for License Extension Through December 31, 2022
Melco Resorts has become one of the first companies in Macau to apply for a license extension, the company chairman and CEO Lawrence Ho confirmed. The company is seeking to extend its concession by another six months in the special administrative region (SAR) as a final draft of binding regulatory and licensing agreements is expected […]
Casino
March 14, 2022
LVS Targets New Asian Country for IR, Goldstein Confirms for LVRJ
Las Vegas Sands may have exited The Las Vegas Strip but the company is hardly anywhere near slowing down its march in the gambling industry. A new interview with company chairman and chief executive officer Rob Goldstein for the Las Vegas Review-Journal suggests that LVS is planning some big moves ahead. Rob Goldstein Teases Stronger […]
Industry
March 14, 2022
Singapore Advances Two Gambling Bills in Parliament
Singapore is marking the end of a long journey in which the country has set out to overhaul its gambling industry and create a regulatory framework that would create clear-cut rules, boost competitiveness, and improve consumer safety. Now, the Singapore parliament has gone ahead with two bills that are designed to usher in a number […]
Casino
March 10, 2022
NagaWorld Protests Finally Attract Senior Officials’ Attention
The ongoing NagaWorld casino workers protest in Cambodia has finally attracted the government’s attention, reported The Phnom Penh Post, stating the country’s Minister of Interior Sar Kheng decided to bring up the subject in a meeting with other government ministers. Government Officials to Discuss the Protests The Minister of Interior will host the meeting following […]
Industry
March 10, 2022
Malaysian Man’s Gambling Debt Gets Him in Prison in Singapore
A Malaysian man who lives and resides in Singapore – a country that is known for its tough stance on illegal gambling – has got himself in a lot of trouble over a gambling debt he thought he could cover by committing a crime, The Straits Times reported. Lim Cheng Siang, a construction foreman, ended […]
Casino
March 9, 2022
Wakayama Mayor Urges Quick Action on Integrated Resort
Touted as the biggest and most lucrative investment in the gambling industry, Japan’s integrated resorts (IR) have been long in the making. A global pandemic and a spate of hesitant bids did not aid the country’s plans to create a trio of casino resorts and become a gambling hub in Asia, directly challenging the role […]
Casino
March 8, 2022
Macau Police Arrest Sergeant for Feeding VIP Gaming Room Information
Macau has put a lot of pressure on its casinos and gaming industry of late with the special administrative region or SAR choosing to clamp down on junket operators, redraft the licensing rules, and generally introduce a new and stricter governing framework that dictates the day-to-day operations of gaming establishments in the jurisdiction. This is […]
Casino
March 8, 2022
Cambodia Frees 44 Indonesian Victims of Illegal Gambling Syndicate
Cambodia has earned itself a reputation for a place where many tourists and hopeful job seekers are met with the brutality of human-trafficking rings that kidnap victims and force them into illegal activities, such as phone scams, illegal gambling, and worse. Things got so bad over the past couple of months that the United States […]