SJM Holdings (880:HK) reported a 27 percent increase in annual profits in a statement to the Hong Kong stock exchange. Net income grew to $870 million from $683 million in 2011. The operator proposed a special dividend of 30 Hong Kong cents per share on top of a final dividend of 50 Hong Kong cents. Company officials said they are considering participating in the development of a piece of land in Cotai that is adjacent to the casino resort SJM is developing. According to UBS, the land is owned by Angela Leong, a director and major shareholder of SJM, and is approved for nongaming leisure usage, such as a theme park.
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Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.