South Shore Holdings, the operator of luxury hotel, The 13, says it has received a statutory demand from its creditor to pay its debt of HK$3.3 billion within three weeks, or it may be presented with a winding up petition from the company.
A winding up petition is considered the most legal action a creditor can take – which typically forces a company into liquidation and closure.
South Shore says it will be taking legal advice in this regard.
Content aggregator Solid Gaming has signed a deal to distribute Playgon’s proprietary Live Dealer games and E-table games to their customers on the Asian markets. Solid Gaming’s strategy is to provide a game for every one which is why they work with the best game providers to distribute unique and exclusive content to their partners.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.