Casino
June 20, 2022
Banks Freeze Okada Manila Accounts amid Takeover
Okada Manila, an iconic integrated resort in the Philippines, has been the subject of a legal battle. Kazuo Okada, the resort’s founder and Tiger Resorts Asia Ltd (TRAL) have been fighting over ownership of the venue. As the quarrel continues, banks have frozen Okada Manila’s bank accounts. Banks Freeze the Resort’s Bank Accounts The announcement […]
Casino
June 20, 2022
37-Year-Old Man in India Takes Own Life over Gambling Debt
A 37-year-old man was found dead in his home in Manali, Himachal Pradesh, India. He committed suicide over gambling debt with his latest online gambling session resulting in a total debt loss of 20 lakh ($25,656). He is the latest victim of gambling-related harm in the country with India currently at crossroads as to how […]
Industry
June 20, 2022
Macau Continues Mass Testing While Keeping Casinos Open
China’s vainglorious attempt to keep the spread of the COVID-19 infection under to a zero has been punctuated by on-again-off-again lockdowns that have translated into a grim outlook about Macau’s recovery and plunging business bottom lines. On Monday, the Chinese territory has begun its second day of intensified testing which will take a sample from […]
Legal
June 16, 2022
Macau’s New Gaming Law Raises Contribution Payments by 1%
Macau casino concessionaires are facing a tax hike among other changes according to the latest version of the Special Administrative Region (SAR)’s new Gaming Law. Subtle Tax Hike The Second Standing Committee of the Legislative Assembly has been discussing Macau’s new Gaming Law for over four months but Wednesday saw its last discussion before the […]
Casino
June 16, 2022
SJM to Run Grand Emperor Hotel Casino for Another Six Months
Hong Kong-based Emperor Entertainment Hotel Ltd will let concessioner SJM Holdings Ltd run the satellite casino at the Grand Emperor Hotel for another six months despite the service agreement with SJM expiring on June 26. In order to keep the casino running, SJM shall have to pay fees of HKD 21.0 million ($2.6 million) to […]
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 […]
