Tuesday, November 19, 2019
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Department of Finance

Philippines POGO tax bill filed

A bill that clarifies taxes on Philippine Offshore Gaming Operations, including a proposal for a 5 percent franchise tax on gross receipts, was filed in the House of Representatives on Wednesday

Suncity to enter Philippines integrated resort market

Hong Kong-listed Suncity Group Holdings has acquired a controlling stake in a Philippines company involved in developing and managing an upcoming five-star hotel and...

PH may see a slowdown in Chinese visitation

The arrival of Chinese nationals in the Philippines may see a slowdown as a result of China’s continued crackdown on online gambling, according to...
City of Dreams Manila

Belle 9-mo. revenue drops on lower online lottery sales

Belle Corp. said revenue and profit in the nine months to September were lower due to a decrease in revenue from a unit that leases online betting equipment.

MBS mass hit by entrance levy hike

The entry fee increase for local Singaporeans is weighing on Marina Bay Sands’ mass market, with some citizens unlikely to renew their annual passes when they expire.

Sands eyes $5b in Asia development projects

Las Vegas Sands has $5 billion in development projects in the pipeline in Asia over the next few years, Chairman and CEO Sheldon Adelson said.

Okada Manila EBITDA margin improving

Okada Manila’s EBITDA margin appears to be improving on operational changes, table pricing and an improvement in non-gaming amenities.
New Manila Bay

International Entertainment appoints new CFO

International Entertainment said Li Shui Keung ceased to be chief financial officer with effect from Oct. 22.
Department of Finance

DoF wants higher POGO taxes

The Department of Finance in the Philippines has said it will back a proposal for a 5 percent tax hike on the country’s offshore igaming licensees.

Genting Malaysia theme park seen opening in Q3/2020

Genting Malaysia is planning a soft opening of its theme park in Q3, 2020, though the park will be more expensive than anticipated.

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Credit card gaming ban to be implemented

The New Zealand Department of Internal Affairs is planning to implement a ban on the use of credit cards for online gambling, local media reports.

PH may see a slowdown in Chinese visitation

The arrival of Chinese nationals in the Philippines may see a slowdown as a result of China’s continued crackdown on online gambling, according to...

SkyCity investors to get update on Thursday

SkyCity investors will get their first update on Thursday after the 22 October fire that wrecked the company’s showpiece convention centre in downtown Auckland.

IPI says raids don’t affect casino ops.

Imperial Pacific International said it assisted in an investigation by enforcement officers on Saipan on Nov. 7, adding the probe does not affect its daily casino operations.

SkyCity convention centre faces significant delay after fire

SkyCity’s convention centre is likely to be delayed by at least another year after a fire, leaving commentators scrambling to assess the financial impact.