Casino
December 28, 2021
Naga World Protesters Demand NagaCorp Obeys Labour Laws
The continuing peaceful demonstrations of former NagaCorp employees in front of Naga World in Phnom Penh, Cambodia, prompted a response from the Ministry of Labour and Vocational Training, reported The Phnom Penh Post. Protests to Continue Marking a 10th consecutive day of protests, the people at the casino resort demanded a lawful solution to the […]
Business
December 27, 2021
NagaCorp Deferred Award Share Grants to FY2022 or FY2023
NagaCorp, the operator of NagaWorld casino resort in Cambodia, announced in a filing to the Hong Kong stock exchange that a planned share award program would be further delayed. Share Award Scheme Further Delayed NagaCorp stated in the Friday filing that, due to the prolonged global market disruption caused by the recent developments related to […]
Legal
December 27, 2021
Macau Set to Finalize Casino Concessions Ahead of Expiry
Macau authorities are looking to open the bidding process for new casino licenses prior to the expiration of the current gambling permits, suggested notes from JP Morgan Securities (Asia Pacific), Morgan Stanley, and Sanford C. Bernstein. JP Morgan Securities On Thursday, the government of the Special Administrative Region (SAR) of China released its summary report […]
Sports
December 27, 2021
Bangladesh Premier League Reportedly Investigating Match-Fixing Approach
Just like any other sport on the planet, cricket is also the object of inappropriate approaches by match-fixers who are keen on stilting individual aspects of a game to elicit a huge payday at the bookies. Now, according to a report published by The Daily Sun, a cricketer who is currently playing in the Dhaka […]
Industry
December 27, 2021
Macau Casino Stocks Get a Boost as City Provides 2022 Gaming Update
Gaming operators with a presence in Macau received a last-minute Christmas gift last week. Only weeks after analysts set a reduced revenue forecast for Macau in 2022, the city provided an update on what is likely coming with new gaming laws. That revelation made analysts a little more optimistic, which, in turn, made investors optimistic. […]
Business
December 23, 2021
Melco Brings in Hotel Heavyweight Marriott to Help with Studio City Project
Even as Macau’s gaming future has a certain air of uncertainty surrounding it, casino operators continue to push forward as if everything is normal. In some cases, it’s obligatory. Melco Resorts International already has a lot of money invested in its Studio City property and will see it through to the end. To help support […]
Legal
December 22, 2021
Thailand: Police Arrests Gamblers, Takes Down Illegal Online Gambling Operation
More than 20 people were arrested and nearly $3 million in assets were seized in two police operations in Thailand earlier this week. The first operation took place in a townhouse located in Hat Yai district on Monday. A day later, on Tuesday, a second police raid in four lower northeastern provinces took place. 16 […]
Business
December 22, 2021
Wynn Macau to Break Off Marriage with Junkets
Earlier this year, Wynn Resorts announced that it was likely going to put some distance between its Wynn Macau arm and junket operators. Following the drama surrounding Suncity Group over the past month, the casino operator is ready to fulfill that statement. Junket Ops Dying in Macau Linda Chen, the vice-chairman and chief operating officer […]
Industry
December 21, 2021
Golden Triangle Casino in Laos Under Fire Over Prostitution Claims
Many young Laotian women are drawn to the China-run Golden Triangle Economic Zone in north Laos to find work and a decent living. However, what they find once they arrive is not what they bargained for. According to a Radio Free Asia report, they are forced into prostitution and, in some instances, sold to other […]
Industry
December 16, 2021
Macau Optimistic on Casino Concession Approvals in 2022
The Macau government seems like it is pushing to finish the re-tendering process of gaming concessions before current licenses expire next year. Lei Wai Nong, the Secretary for Economy and Finance, stated that details will soon be announced. Casino Tenders a Sensitive Subject According to Inside Asian Gaming, Lei spoke to the media after this […]