Industry
June 28, 2022
Moody’s Downgraded SJM’s Future Outlook to ‘Negative’
One of the six concessionaires in Macau, SJM Holdings, has seen its future outlook changed to ‘negative” by Moody’s Investors Service following a review of its ratings this week. Maintain CFR and Bond Ratings The rating agency also confirmed SJM’s Ba3 corporate family rating (CFR) and the B1 rating on the senior unsecured bonds issued […]
Casino
June 28, 2022
Macau DICJ Now Demands Tests for Casino Entry
Macau has updated its COVID-19 testing mandates with the casino regulator also stepping in and releasing a statement early on Tuesday. New testing guidelines will apply to gambling establishments that have been brought to a painful halt due to the spread of the COVID-19 infection that is running in the hundreds. While these properties remain […]
Casino
June 27, 2022
Macau Casinos to Operate with Minimum Staff as Cases Boom
As the number of new COVID-19 cases continued to grow in Macau, the Special Administrative Region (SAR)’s Gaming Inspection and Coordination Bureau (DICJ) asked casino operators to cut the number of their gaming floor personnel and enhance testing and protection procedures. Implement Prevention Guidelines The DICJ turned to casino operators in a statement Sunday, asking […]
Industry
June 27, 2022
PAGCOR Settled $15M of the Fees POGOs Owed
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that it has collected more than a third of the fees Philippine Offshore Gaming Operators (POGOs) owed. In total, the regulator recovered about $15 million. The rest is owed by operators that have remained closed since the beginning of the pandemic. The PAGCOR Recovered a Third of […]
Industry
June 27, 2022
Sri Lanka “Casino King” Becomes Minister Amid Crisis
“Casino King”, “Richest Man in Country” – Now Minister as Well Dhammika Perera, AKA Sri Lanka’s “casino king”, was appointed as minister of technology and investment promotion last Friday. The news comes as Sri Lanka is heavily affected by an economic crisis and nationwide protests are plaguing the country. This led to president Gotabaya Rajapaksa’s […]
Casino
June 27, 2022
Jeju Casinos May One Day Offer Online Gambling
South Korea has had a reputation for hosting foreigners who wish to gamble. To this end, Jeju, a popular casino destination within the country, is now trying to figure out if in light of a global pandemic, enabling online gambling would make any sense. COVID-19 has impinged on results, and while Macau is now going […]
Sports
June 24, 2022
Pronet Gaming Ready to Ride the Industry Growth Wave in Asia
A few months after its director of sportsbook and trading explained the importance of the African Cup of Nations for stakeholders and one year after announcing its partnership with Vibra Gaming for Latin America, Pronet Gaming is ready for new challenges. The company has announced it is ready to start harnessing the current growth wave […]
Industry
June 23, 2022
Credit Suisse: Macau Recovery Slower than Previously Estimated
Macau, the former global gambling Mecca, is facing a slow recovery if projections from Credit Suisse are to become true: the investment bank estimates gross gaming revenue in 2024 will only reach 80% of the 2019 level. Mass GGR Recovery Slower than Anticipated Credit Suisse released the forecast in a note Wednesday, stating that the […]
Casino
June 23, 2022
Kyrgyzstan Passes Land and Online Casino Bill for Foreigners
With 59 votes in favor and seven against, the much-anticipated bill on gambling in Kyrgyzstan has been finally passed. While only covering the needs of foreign players at the moment, the new legislation marks a historical decision and gives hope to players in the country that banned gambling in 2012 and 2015. The Bill Passed […]
Casino
June 23, 2022
The Dispute Over Okada Manila Continues in Court
The fight for control over the Okada Manila casino resort continues as the Philippines Supreme Court has issued a court order obliging Japanese billionaire Kazuo Okada to reply to a motion for clarification filed by the parent company of Tiger, Resort Leisure & Entertainment’s (TRLEI). The motion disputes the reinstatement of Okada on the TRLEI […]
