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Philippine Bureau of Internal Revenue Deputy Commissioner Arnel Guballa has told senators that latest projections show POGO tax collections settling at (US$82.3 million), just half the PHP7.18 billion raised in 2020.
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.
Gross gambling revenue in Q2 in the Philippines came in at just P2.42 billion ($49.9 million) as the Covid-19 crisis forced the closure of gambling outlets across the country, according to figures from regulator, the Philippine Amusement and Gaming Corp. (PAGCOR).
SkyCity Entertainment, New Zealand’s only listed casino operator, is likely to post a loss in the first half of fiscal 2021 as the Covid-19 pandemic hits, the country’s largest brokerage firm said.
New Silkroad Culturtainment said its South Korean unit faces ongoing litigation on the island of Jeju, while its plans for an integrated resort there have not progressed due to financing issues.