IMF team visited the former Portuguese colony for 12 days
Macau | 20/02/2017
The International Monetary Fund (IMF) revised its economic growth forecast for Macau in 2017 upwards from 0.2% to 2.8%, according to a report released in Washington.
Demands for temporary restraining order
Philippines | 17/02/2017
The Volunteers Against Crime and Corruption (VACC) filed a petition for certiorari and prohibition before the Court of Appeals to stop the conversion of the former Army and Navy Club facility in Manila into a hotel and casino gaming facility.
Group now holds 51.3% stake
Hong Kong | 16/02/2017
Melco International Development Limited has completed the purchase of additional interest in, thereby assumed majority ownership of, Melco Crown Entertainment.
Internet casinos spending estimated at USD 3B annually
Russia | 16/02/2017
Russia is taking a page out of the Unlawful Internet Gambling Enforcement Act (UIGEA), the 2006 United States federal statute that blocked financial institutions from facilitating online transactions related to internet gambling.
Operator is Macau Legend Development Ltd.
Macau | 16/02/2017
The MSAR Government has granted 15 new mass market gaming tables and 91 slot machines to the third hotel in the Macau Fisherman’s Wharf complex, Legend Palace Hotel, the Secretary for Economy and Finance, Lionel Leong Vai Tac, said.
Draft submitted to the Attorney-General’s Chambers
Malaysia | 15/02/2017
The Common Gaming Houses Act 1953 will be amended to combat online gambling, said Deputy Prime Minister of Malaysia Ahmad Zahid Hamidi.
Improvement in air quality highlighted
Macau | 15/02/2017
Senior representatives of Macau’s six gaming operators have jointly presented the findings of a study on employee sentiment toward smoking lounges.
Single-digit tax on GGR
Cambodia | 14/02/2017
The Cambodian government looks likely to impose the lowest tax rate in the Asian region on casinos in the country, according to the analysts at Union Gaming who suggest the news provides a boost for Nagacorp which hopes to open a second integrated resort in the country later this year.
"To protect the gaming industry from illegal activities"
Philippines | 13/02/2017
The House of Representatives in that country has moved closer to including casinos in the coverage of the Anti-Money Laundering Act (AMLA).
Tiger Resort Leisure & Entertainment Inc.
Philippines | 13/02/2017
Okada Manila, a USD 2.4B integrated resort located in the heart of the Philippine capital, Manila, announced late last week that it has decided to push back its grand opening to a later date. The luxury complex is now gearing up for a late March official opening ceremony.
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