Tuesday, April 7, 2020
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AGB WebTeam

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Fire damages SkyCity Auckland convention centre

SkyCity Entertainment Ltd.’s landmark international convention centre in downtown Auckland has been severely damaged and its future is uncertain after a massive fire ripped through the NZ$700 million centre and associated five-star hotel.
New Zealand Interactive infographic

Bold plan for New Zealand Gaming Industry

New Zealand’s fledgling gaming industry is pushing a plan for government assistance to help it become a billion dollar export earner in the worldwide...
Sihanoukville

Cambodia stops issuing online gambling licenses

Cambodia will no longer issue licenses to online gambling businesses, and all existing licenses will not be renewed when they are expired, the Prime Minister Samdech Techo Hun Sen said in a directive on Sunday, Xinhua reports.

Counting the cost of labour

Integrated resorts are a people-based business, needing top quality staff to provide guests with an experience that stands out from the crowd, yet as...

Suncity Group’s big diversification gamble

First established in 2007 amid Macau’s casino boom, Suncity Group rose to become the former Portuguese colony’s largest junket business, operating opulent VIP rooms...

DOF wants to enforce tax through a POGO worker database

The Department of Finance will be compiling a database of foreign workers hired by Philippine offshore gaming operators (POGOs) to ensure they pay the correct taxes.

Donaco results still hampered by ongoing litigation

Australia-listed Donaco International is still dealing with the impact of its ongoing legal battle with its former Thai vendor, recording a statutory loss of A$36.8 million for the six months ended Dec. 31, 2018.

Sheldon Adelson battling cancer

It has been revealed that Las Vegas Sands Chairman and CEO Sheldon Adelson is undergoing treatment for a form of blood cancer, throwing a dark shadow across his casino empire, including in Asia.

Yokohama business leaders to establish IR promotion council

Leaders of the Yokohama Chamber of Commerce & Industry are making another push for an IR bid in their city, this time announcing that they will form an “IR Promotion Council” by the end of the year.
President Rodrigo Duterte

Risk premium clouds prospects

“I hate gambling. I do not want it. “There will be no casinos outside of what are existing. I am not granting anything.”  

TRENDING ARTICLES

Coronavirus live updates: Singapore IRs suspending operations until May 4

The latest news and updates on the COVID-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

Macau closes borders after new infections

Macau closed its borders to all non-residents as of midnight on March 18, with the exception of blue-card holders and residents from greater China, after another case of imported Covid-19.

New Macau Covid-19 case may dent travel easing hopes: Bernstein

Macau has reported its first new Covid-19 case in a month, which may delay plans to begin easing travel restrictions to the territory, Bernstein Research says.

Australia casinos expected to join global closures this week: JPM

Australia’s casinos are expected to be forced to close their doors later this week, prompting analysts at JP Morgan to slash their earnings forecasts for the operators.

MAGAZINE ISSUES

IPI contractor lawsuit to proceed

A U.S. District Court in the Commonwealth of Northern Mariana Islands has backed a contractor seeking $5.65 million from Imperial Pacific International, declining the company’s petition to dismiss the case.

Macau April GGR trending for 95% drop: Bernstein

Macau’s gross gambling revenue is currently on track to be virtually wiped out in April, with no visibility as to when the situation will improve, according to Bernstein Research.

Russia casinos extend lockdown indefinitely

The casinos in Russia's Primorye and Siberia zones have extended their operational suspensions for an indefinite period of time amid the Covid-19 outbreak.