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Komeito loses its pro-casino voice
This week a fresh scandal, unrelated to IR development, stripped the ruling coalition Komeito Party of its only lawmaker who was proactively and vocally in favor of casino legalization. This represents an indirect but still distinct blow to the industry’s future prospects at the national level....
Wynn Resorts operating revenues down 58.5% in Q4
Wynn Resorts has published its fourth quarter 2020 and full year financial results, headlined by a 58.5 percent year-on-year decrease in operating revenues. Operating revenues came to a total of US$686 million for the quarter. Net losses attributable to the company were US$269.5 million. Matt...
HKJC pins hopes on simulcasts to stem illegal gambling
The Hong Kong Jockey Club said the government’s decision to allow extra simulcast days during the summer racing lull will help curb the illegal gambling that has threatened to undercut its revenue in recent years. The government will allow the club to broadcast 14 more days of racing from...
Paradise January sales reverse improving trend, drop 36.2%
Paradise Co. reported its casino sales in January declined 36.2 percent from the prior month, after seeing strong improvement in December. The company, which operates four foreigner-only casinos in South Korea, said total sales in the month were KRW27.28 billion (US$24.5 million), down from KRW42.7...
Covid creates opportunity to lobby for India regulation
States in India may be more receptive to legalizing casinos and potentially considering hybrid models following the Covid-19 pandemic, however centralized regulation is key to developing the industry. That was the view of panellists at a recent SBC India digital conference focused on gambling in...
Macau January GGR performance better than expected
Macau’s gross gambling revenue dropped 63.7 percent in January, better than analysts had been expecting after renewed Covid-19 clusters on Mainland China slowed visitation later in the month. Gross gambling revenue totalled MOP8.02 billion ($1.0 billion), according to figures released by the...
Thai PM orders to stop online gambling
Recently, Thai Prime Minister Prayut Chan-o-cha ordered the Ministry of Economy and Digital Society (MDES) to block 1,202 online gambling websites within 15 days. On September 23, the Ministry of Digital Economy and Society began coordinating with a number of organizations, including the Office of...
NDT 1,000 billion leaves China, flows into gambling and betting every year
China's Ministry of Public Security admits criminal gangs quietly transfer huge amounts of money out of the country to re-invest in gambling and betting. According to the South China Morning Post, Liao Jinrong, Director General of the International Cooperation Department of China's Ministry...
Experience the world's 2 best casinos in Singapore
Casinos in Singapore may be small in quantity, but the quality is quite the opposite. It feels overwhelming, flashy and engaging with the full range of Casino games you'd expect. Singapore's first casino opened in 2006. This is an industry that is still quite new and early when compared to...
World casino capital reopens
Macau, a district with the world's busiest casinos, began re-issuing tourist visas as it attempted to recover from Covid-19. Macau officials said they will proceed with the issuance of tourist visa from today to take visitors back to the district's casinos. Personal and group tours from...most popular
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Casino Plus reaffirms $16M surety bond as Filipinos tighten spending
The Government Office has just announced the conclusion of Deputy Prime Minister Truong Hoa Binh about the meeting with leaders of Quang Ninh province on August 31. Regarding the investment policy of the high-end resort and entertainment complex project with casino in Van Don economic zone, the...