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Asia-Pacific Gaming

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  • IMF Expresses Cash Laundering Considerations for Philippines Casinos

IMF Expresses Cash Laundering Considerations for Philippines Casinos

The International Monetary Fund (IMF) says casinos in the Philippines remain susceptible to be used to launder money. In the IMF’s Financial System Stability Assessment of the country, the international…

Macau Begins Issuing Wealth Partaking Funds Early in Effort to Mitigate COVID-19 Influence

The Macau government is issuing its annual revenue sharing payments to citizens and part-time residents early in an effort to alleviate financial impacts caused by COVID-19.  Typically distributed in July,…

Manila On line casino Resorts Stay Closed, as Philippines Extends Lockdown

The four integrated casino resorts in Manila will remain closed for at least another week, as the Philippines extends its lockdown on the capital metro. Amid escalating new COVID-19 cases…

Star Leisure Can Chase Asian Bookie’s $32.7M Debt in Aussie Courtroom

Australia’s Star Entertainment Group has won the right to pursue an A$43 million (US$32.7 million) gambling debt in Queensland’s Supreme Court. On Wednesday, Justice Thomas Bradley tossed an application to…

Macau Golden Week Much less Restricted Than Chinese language New Yr, Says UBS

UBS expects the upcoming May Day Golden Week festivities in Macau won’t be subject to the same travel restrictions as the Chinese New Year celebration. The scenario could benefit the…

Okada Manila Reviewing A number of SPAC Provides, Says Common Leisure

Universal Entertainment Group is looking to bring its Okada Manila gaming business to a US equity exchange via merger with a special purpose acquisition company (SPAC). Not surprisingly, demand for…

Manila Casinos Shutter Operations Once more, as Philippines President Orders Quarantine

The four integrated casino resorts in Manila have once again gone dark on orders from Philippines President Rodrigo Duterte. Duterte issued an Enhanced Community Quarantine for metro Manila, Bulacan, Cavite,…

Crown Resorts Suitability Probe for Victoria License Kicks off in Melbourne

Crown Resort’s retention of its gaming license for its flagship Melbourne property could rely on the effectiveness of a recently implemented reform program. That’s according to former judge Ray Finkelstein,…

Crown Resorts Created Code to Keep away from Detection of Unlawful Chinese language VIP Ops, Claims Lawsuit

Blackstone’s $6.2 billion bid for Crown Resorts is a rare dose of positive news for the company’s billionaire founder, James Packer. At the absolute minimum, this news pushes some of…

Macau to Profit in 2022 as Mass Market Income Is Onshored, Says Morgan Stanley

Other Asia-Pacific gaming markets are likely to cede market share to Macau next year, as Chinese gamblers and tourists head back to the special administrative region (SAR). Analysts at Morgan…