Friday, October 30, 2020
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Vietnam Opens First Casino Allowing Locals

Vietnam locals were able to gamble in a casino in their own country for the first time from Saturday, with the opening of the Corona Casino on Phu Quoc Island off the south coast.

Suncity Confirms Vietnam and Cambodia Gaming Businesses as Lawful

Suncity Group, which recently announced its foray into IR projects in Cambodia and Vietnam, has assured its shareholders that its activities in these countries is lawful under Hong Kong laws.

China Protests Seen Unlikely to Dent Indochina Prospects

A backlash against a perceived influx of Chinese investment has sparked protests in both Vietnam and Cambodia this year, though experts say the outlook for two of the region’s most promising gaming markets remains positive.

Vietnam Passes Bill to Allow Betting on Approved Sports Events

The Vietnamese government has passed a new law that allows locals to bet on government-approved sports events, local media reports.

Suncity Extends Deadline for Vietnam IR Stake Purchase

Macau junket operator Suncity Group has again extended the deadline for the purchase of a 34% stake in a casino project in Vietnam until July 31.

Laguna Lăng Cô Receives Casino License, Expects 2022 Opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten years.

Vietnam Mulls Cutting Casino Tax Incentives

Vietnam is considering a proposal to cut tax incentives give to casino and other gaming ventures in the country’s special economic zones, local media reports.

Suncity Forms Japan Consortium, Eyes Local Gaming in Vietnam

Suncity Group, Macau’s leading junket operator, has formed a consortium in Japan to study a potential license bid there, executive director Andrew Ho said in an interview.

Steve Wolstenholme Joins Vietnam IR

Steve Wolstenholme, president and managing director of Okada Manila, has been appointed as chief operating officer of the Hoi An South project in Vietnam, the company developing the resort said in a statement.

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Michael Mecca Appointed Galaxy Non-Executive Director

Gaming operator Galaxy Entertainment Group on Friday announced the appointment of Michael Mecca as the company’s non-executive director, with effect from May 4, 2018.

Universal Seeks IPO for Tiger, Says Manila Sales Rising

Universal Entertainment said it plans to seek a stock market listing for the company that controls its Okada Manila property within the next two years as it positions for further growth.

New Zealand Trial Facial Recognition Technology

About fifteen gaming venues across New Zealand are trying out facial recognition technology, with a further six to install the system in the next few weeks, local media reports.

Deutsche Bank Lowers Forecasts for Wynn Resorts

Deutsche Bank analysts have trimmed their 2018Q2 forecast for Wynn Resorts, mainly due to lower-than-anticipated VIP volumes, increasing competition, and the impact of the World Cup.

Syndicates Secure Bank Accounts Ahead of World Cup

With only a few days to the FIFA World Cup, bookmaking syndicates in Malaysia have been busy securing bank accounts from individuals to be used to accept bets and launder money during the tournament, Oriental Daily News reports.