Wednesday, December 4, 2019
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No definite plans for CoD expansion, Premium Leisure says

Premium Leisure Corp. has clarified that there are no definite plans for the expansion of the City of Dreams brand in the Philippines at the moment, after Chairman Willy Ocier was widely reported as talking about a potential new resort on Tuesday.

Genting Singapore quietly expands its Japan operation

Genting Singapore announced on Tuesday that it had incorporated five new Japanese subsidiaries as part of its stealth bid to win one of the three IR licenses that are up for grabs now that the IR Implementation Act has become law.

Landing gets provisional Philippine IR license

Hong Kong-listed Landing International Development said it has obtained a provisional gaming license to develop a $1.5 billion IR in the City of Paranaque in the Philippines.

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Wynn Resorts Q3 impacted by VIP fall

Wynn Resort’s Macau Q3 results were impacted by a significant drop in VIP table games turnover, which was slightly offset by an uptick in...

Melco, MGM outshine peers in Q3

Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.

Australian government to create national gambling self-exclusion register

Minister for Families and Social Services Anne Ruston issued a statement on Sunday revealing that the government is preparing legislation to create an online National Self-Exclusion Register that will allow people to ban themselves from all online wagering sites and apps.

Duterte gives POGOs three days to pay taxes before being “punched”

President Rodrigo Duterte personally entered the debate over delinquent Philippine Offshore Gaming Operators (POGOs) on Friday, warning them that unless these firms paid their taxes within three days, they would be “punched” and “shot.”

MAGAZINE ISSUES

Stars Group buys outstanding stake in BetEasy

Canada-based The Stars Group said it agreed to buy out minority shareholders in BetEasy, its Australian sports betting unit for AS$151 million ($103.2 million).
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S&P cuts China growth forecasts, sees Asia 2020 as disappointing

S&P Global Ratings has cut its forecast for China’s economic growth next year and said overall expansion in Asia Pacific will be disappointing at about 4.7 percent.

Meghalaya approves rules for lotteries

Meghalaya, a state in northeastern India along the border with Bangladesh, has approved rules for a state lottery which they hope will become a strong source for state revenues.