Industry
June 11, 2021
CAC Outlines 4 Measures to Combat Cross-Border Gambling
China authorities have no intention of easing the pressure on offshore gambling groups and activities which continue to solicit its residents to gambling via websites and mobile applications. Cross-Gambling Still an Issue The Cyberspace Administration of China (CAC), the central internet regulatory, oversight and control agency of the country, presented at a meeting of the […]
Casino
June 9, 2021
MGM Resorts-backed Venture to Launch the MGM Name in China
The Diaoyutai State Guesthouse in China has played host to foreign dignitaries like Vladimir Putin, Kim Jong-un, Theresa May, Richard Nixon and others since it opened in the 1950s. It is also the former home of China’s Cultural Revolution, which lasted from 1966 to 1976. While that cultural revolution had a completely different goal in […]
Casino
June 8, 2021
Macau Might Test the Entire City for COVID-19 as Outbreaks in China Appear
Macau had started down a path of recovery following the COVID-19 debacle and seemed to be ready to beat expectations. However, there have been pockets of outbreaks of the coronavirus in mainland China that are now threatening that recovery. Now, in order to prevent the city from falling victim once again to a major shutdown, […]
Casino
June 7, 2021
NagaCorp Announces Layoffs and Pay Cuts Due to the Pandemic
Due to the ongoing pandemic and business closure, NagaCorp announced that some of its employees at Naga World Integrated Resort in Phnom Penh, Cambodia may be affected by pay cuts and layoffs. Naga World IR Employees May Be Affected by Pay Cuts, Layoffs Casino operator NagaCorp Ltd confirmed in a statement on Monday this week […]
Casino
June 4, 2021
Las Vegas Sands Boss Unimpressed with the Progress of Macau’s Recovery
Recovery of Macau’s gaming market is moving very slowly, a result of a year-long COVID-19 pandemic that continues to hint at a resurgence. Even as some progress has been made in controlling the coronavirus and getting Macau back on its feet, Robert Goldstein, the chairman, and CEO of Las Vegas Sands (LVS), isn’t happy with […]
Casino
June 2, 2021
Casino Operators in Macau Initiate COVID-19 Employee Vaccinations
Casino operators in Macau are joining the fight against COVID-19 by organizing vaccinations for their employees. SJM has announced that it plans to launch a massive vaccination program, while Sands China already started vaccinating its employees and their families. SJM to Launch a Massive Vaccination Program To fight against COVID-19, Health Officials in Macau have […]
Casino
June 2, 2021
Japan Makes Progress with IR activity as Yokohama and Wakayama Make Updates
Japan’s efforts to introduce integrated resorts (IR) and casino gambling to the country are making progress, even if they had to put things on hold for a while because of COVID-19. The country will initially allow three IRs to be built and, although there was a great deal of enthusiasm initially, the race to be […]
Casino
June 1, 2021
Philippine President Urges for Online Casino Tax Bill
The Philippines wants to generate tax revenue from the gaming industry, calling for 25% income tax on foreign employees and 5% tax on offshore gaming operators’ gross gaming revenue. Offshore Gaming Operators to Pay 5% Tax in the Philippines Philippine President Rodrigo Duterte has called lawmakers to move forward and pass the bill, which would set income […]
Industry
June 1, 2021
Philippine President Duterte Anxious to See Approval of Bill to Find New Tax Dollars
The Philippines still hasn’t been able to start its recovery from COVID-19, with cases still emerging that are hindering the relaxation of health restrictions. Metro Manila is still under modified quarantine, and will be until the middle of the month, which means casino revenue will still be under expectations. The biggest benefit can be offered […]
Industry
May 31, 2021
Macau under Threat as Spike in COVID-19 Cases Seen in China
There was a time when it seemed like COVID-19 was almost completely eradicated in most countries, but the pockets of outbreaks show that there is still more work to be done. Macau was hit hard by the pandemic, with the gambling city turning into a ghost town as borders and casinos were forced to be […]