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With just one year to go before the expiry of Macau’s casino concessions, the government has announced a major overhaul of its gaming regulator, more than doubling the number of inspection staff
Macau’s existing six casino operators are likely to retain their licenses, but the government is likely to impose extra economic conditions in return, according to a lengthy analysis of potential outcomes of the concession renewal process by Bernstein Research.
The General Association of Administrators and Promoters for the Macau Gaming Industry has called on the government to extend the current gaming concessions in Macau due to the impact of Covid-19.
The COVID-19 pandemic has taken a huge toll on casino revenues in Macau with U.S. operators such as Wynn Resorts and Las Vegas Sands bleeding more than $2 million a day in the 2020 second quarter.
Wynn Resorts has warned that the rising tensions between the U.S. and China could negatively impact its business prospects, including its ability to communicate with customers.
Imperial Pacific International (IPI) may be facing a fine of $375,000 for late payment of its casino license renewal fee, according to local media reports.
Cambodian Prime Minister Hun Sen has officially closed the door on online gambling in a parliamentary hearing on Friday. The Kingdom won’t issue any further...
The Philippine Bureau of Internal Revenue (BIR) is asking for PAGCOR’s assistance in assuring Philippine Offshore Gaming Operators (POGOs) register with the tax department before their licenses can be renewed.
Japan’s government plans to strictly screen casino operators through licensing and those who win a permit will be required to renew them periodically, the...