Casino slated to launch in 2019
Russia | 20/03/2017
Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld casino and hotel complex, announced that it has set up a dedicated representative office in the Russian port city Vladivo-stok to help with the construction of its resort and casino project in the nearby Primorye Integrated Entertainment Zone, the company said in a filing on the Hong Kong Stock Exchange.
10.6-acre casino venture
South Korea | 15/03/2017
After announcing a year ago that it intended to withdraw from a joint venture that was hoping to bring a casino to the South Korean city of Incheon, real estate developer Lippo Limited has now fully exited the project and received USD 12.2M in compensation.
Buckingham Research Group and Bernstein
Macau | 15/03/2017
Analysts forecast that gross gaming revenue growth in Macau will moderate in March following a February jump of nearly 18%.
Online sector also on the rise
Cambodia | 14/03/2017
Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department, said that along with an effort by the government to improve tax revenue, the casino industry also has been contributing to extra revenue.
Anti-Trapo Movement wants PAGCOR to cease granting licenses for online gaming operations
Philippines | 14/03/2017
In a petition for prohibition, the Anti-Trapo Movement of the Philippines sought the issuance of an injunction against Pagcor’s acceptance of applications, processing and issuance of licenses for Philippine Online Gaming Operations.
Using 7.5 million shares currently kept in treasury
Philippines | 13/03/2017
In a regulatory filing on Wednesday, the listed company said its board of directors approved its plan to acquire the stations, which form part of the e-Games network of the Philippine Amusement and Gaming Corp. (PAGCOR).
Crown had hired Solaire employee Miles Fong Hio Lon
Philippines | 13/03/2017
The Court of Appeals (CA) ordered City of Dreams operator MCE Leisure (Philippines) Corporation to abide by its compromise agreement with Solaire owner Bloomberry Resorts and Hotels, Inc. (BRHI), wherein the company agreed not to hire the latter’s staff within six months to one year from resignation.
India | 10/03/2017
The sixth offshore casino will soon enter river Mandovi as the state government on Thursday gave a conditional renewal to the licence of the offshore casino belonging to Golden Globe Hotels Private Ltd (GGHPL).
Philippines | 09/03/2017
Senator Richard Gordon on Thursday proposed the creation of a new regulatory body for online gambling, leaving the Philippine Amusement and Gaming Corp. (Pagcor) to oversee land-based casinos.
For 2016 as a whole, sales were up
China | 07/03/2017
January lottery sales in Mainland China fell by 10.7% year on year to a total of USD 4.23B hurt by the timing of the Chinese New Year holiday.