Casino
July 13, 2022
PAGCOR’s New Guidelines on Junkets Call for Enhanced Due Diligence
The Philippine Amusement and Gaming Corporation or PAGCOR is toughening up its stance on the way junket operators can run their business and associate themselves with gambling businesses in the country. A new set of guidelines published on Monday sheds light on the do’s and don’ts of what land-based businesses may do when seeking to […]
Business
July 11, 2022
Las Vegas Sands Provides Sands China with a $1B Loan
Las Vegas Sands, а world leader in developing and operating international, world-class integrated resorts, has issued a loan to its Chinese arm. As per the agreement, Sands China will receive a $1 billion subordinated unsecured term loan. Sands China Considers the Terms Fair The loan was issued on July 11, 2022 and Sands China will […]
Casino
July 11, 2022
Over 80% Support the Legalization of Gambling in Thailand
Thai people have potentially paved the way for gambling regulation in Thailand as results from a newly done survey show that over 80% of the respondents are in favor of legal casinos. Overwhelming Support for the Legalization of Gambling The survey was conducted by the Casino Committee of Thailand, assigned with the task of probing […]
Industry
July 11, 2022
Credit Suisse Cautions Against Buying Macau Gaming Stocks
Analysts’ optimism with regard to Macau’s casinos has been dashed as financial experts have weighed the risks and concluded that the special administrative region is in for a very difficult spell. Financial experts from Credit Suisse cautioned against buying Macau casino stocks, warning that buying such assets could result in unpredictable and dangerous investment scenarios. […]
Industry
July 11, 2022
Cambodia Drops Restrictions for Unvaccinated Travelers
As Macau heads into another lockdown with casinos defunct through July 18, Cambodia is showing resilience and the country is already lifting additional travel restrictions on unvaccinated arrivals. Starting today, Cambodia will no longer expect unvaccinated tourists and visitors to the country to self-quarantine in hotels but still have to show a rapid-antigen test when […]
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 […]
