The Macao Government Tourism Office (MGTO) launched on Monday a free-ticket offer on the direct bus service from Hong Kong International Airport to Macau. The subsidy aims to“encourage” international visitors and tourists…
Category: News
Wynn Macau Ltd IP payments to parent capped at US$140mln
Macau casino operator Wynn Macau Ltd and its gaming licence-holding entity Wynn Resorts (Macau) SA will pay just above HKD1.09 billion (US$140.0 million) this year for the right to use “Wynn”-related trademarks,…
Naga 2021 share awards deferred again as ‘prudent’ step
Awards announced in 2021 totalling just over 10.2 million shares for directors at Hong Kong-listed casino operator NagaCorp Ltd, and 9 million shares for what bourse rules classify as non-connected participants, have…
IMF urges Philippines to address junket-related AML gaps
The International Monetary Fund (IMF) states that the Philippines’ effort on outstanding issues related to anti-money laundering (AML) and combatting the financing of terrorism (CFT) “needs to be stepped up”. This was…
Solaire Resort North to open March 2024: report
The Philippine entrepreneur behind the Solaire Resort North casino complex has been cited as saying it will open in March 2024. In previous comments in November, at the time of promoter Bloomberry…
China flags US$326mln Macau-funds gang jailing as warning
Chinese authorities have flagged eight “classic” finance-related criminal prosecutions on the mainland, one of them involving up to CNY2.3 billion (US$325.6 million currently) being exchanged in Macau, including for Hong Kong dollars….
Newport World backer Tan tied to Manila airport upgrade bid
A company linked to Philippine entrepreneur Andrew Tan is involved in one of the four consortiums bidding for a reportedly PHP170.6-billion (US$3.08-billion) public-private partnership project to upgrade Ninoy Aquino International Airport (pictured),…
65 ‘cyber gambling’ suspects repatriated to S.Korea Jan-Nov
Of 438 South Koreans repatriated from overseas between January and November to face criminal charges, 14.8 percent – or 65 individuals – stood accused of “cyber gambling”, reported Yonhap news agency, citing…
What room for new IRs on Japan’s path to a casino market?
With the Japan Casino Regulatory Commission already in place, the authorities in that nation “will for sure look to open up to applications again for the remaining two spots” available for Japanese…
A year of leaps for the casino sector in Asia Pacific?
“All eyes” in the casino sector are likely to be on Thailand during 2024, to see what progress, if any, the country can make towards legalisation of such business, and from that…