Thursday, October 29, 2020
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SkyCity doesn’t expect normality until 2022

SkyCity Entertainment Group says it doesn't expect to be back to full strength until 2022 and has prepared the business for the eventuality of further Covid-19 lockdowns.

Kangwon Land reopens at limited capacity

Kangwon Land has announced it has reopened its casino to visitors, operating at a limited capacity.
Genting Building

Little upside seen for Genting group stock

There’s little current upside seen for the stock price of the sprawling Genting Group empire, with both the parent company and its Genting Malaysia unit at risk of losing their place on the benchmark FBM KLCI index.

Macau government taxes from junkets fall in 2019

The Macau government has received MOP299 million (US$48.8 million) in taxes on commissions paid by casinos to junket operators in 2019, a 24 per cent year-on-year drop, according to the last year’s budget execution report.

MGM Resorts upsizes notes offering to US$750 million

MGM Resorts said it has upsized a public note offering from $500 million to $750 million and will use the proceeds to refinance existing debt and for general corporate purposes.

JP Morgan warns on Macau stocks until VIPs return

Gambling on pent-up demand and hopes that the big rollers would return, analysts at J.P. Morgan made a bet on the gambling capital of the world. They are now cutting their losses.
500.com says no breach of foreign corrupt practices act

500 .com declares itself innocent

It has been ten months since the 500 Dot Com bribery case broke into public view, but the net of justice has yet to fall upon and to wring confessions out of those who are widely believed to be the most guilty.
Paradise Co. Aug. sales flat month-on-month

Paradise September sales improve

Paradise Co., which operates foreigner-only casinos in South Korea, saw an improvement in sales in September from the prior month, even though they were down 71 percent from the prior year.
Cambodia parliament passes gaming law

Cambodia parliament passes gaming law

Cambodia’s National Assembly has unanimously approved a long-awaited law to govern the country’s casinos. 
Putin tightens tax controls

Putin tightens tax controls

Russian President Vladimir Putin has signed a bill into law that will require casino operators to step up their identification of patrons in a bid to improve tax revenue.

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Puducherry government urges blanket ban on online gambling

Puducherry government urges blanket ban on online gambling

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.
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