Operator plans to spend up to USD 5.5B on the development of the two new phases
Macau | 28/03/2017
Galaxy Entertainment Group (GEG) is planning to complete and launch Phases 3 and 4 of its Cotai Strip property Galaxy Macau by 2018 and 2020, respectively.
India
India | 27/03/2017
The Goa Cabinet on Monday sought three months’ time to workout an alternate site for off-shore casinos presently operating at the mouth of the river Mandovi.
KPMG report finds India’s gaming industry is estimated at around USD 60B per year
India | 22/03/2017
Online gaming has gained significant traction in the digital space in recent times. Websites such as Khelo365 and Adda52 now offer a host of traditional casino games and give individuals a chance to hit the jackpot. While the websites assure players that the platforms are 100% legal and secure, the jury is still out on this issue.
Warns process may “take a very long time”
Philippines | 22/03/2017
State-run Philippine Amusement and Gaming Corp. (Pagcor) is supporting the Department of Finance’s (DOF) plan to privatize all government-owned casinos.
First mega-casino outside the capital
Philippines | 21/03/2017
The Philippine gaming regulator has approved a USD 500M project for an integrated casino resort in the central island of Cebu, the gaming chief said on Tuesday.
FLC Group shares rise as much as 5.1% on casino news
Vietnam | 21/03/2017
FLC Group Joint-stock Co., co-founded by billionaire Trinh Van Quyet, has joined a growing number of foreign and local investors betting on cashing in on Vietnam’s decision to allow locals to roll the dice in casinos for the first time.
Country's central bank moving to regulate its domestic bitcoin industry
China | 20/03/2017
China's central bank is circulating new guidelines that, if enacted, would require exchanges to identify clients and adhere to banking regulations.
"Vulnerable sections of the society need protection"
India | 20/03/2017
Law Commission of India Chairman Justice B S Chauhan said there is a need to examine the impact of legalizing sports betting by studying its social, economic and moral implications under a liberalized regime.
Official statement released
Hong Kong | 20/03/2017
Asian casino operator Genting Hong Kong Limited has seen its annual profit for 2016 tumble from the USD 2.1M it recorded for the previous twelve-month period to a deficit of just over $504,000 despite recording a 39.1% gain year-on-year in cruise ship activities.
Duterte's administration has sought to build closer ties with China
Philippines | 20/03/2017
An improvement in tourism numbers as well as infrastructure within the Philippines may give the country an opportunity to see their casino sector outperform Singapore in the near future. Speaking with CNBC recently, Bloomberry Resorts Corp. Enrique Razon was positive in his comments about the Philippines and how he feels the country may be able to become the top gambling destination in Southeast Asia.
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