Attorney Mel Racela, executive director of the Philippines Anti-Money Laundering Council, speaks with Asia Gaming Brief’s Sharon Singleton about the steps the Philippines is taking to guard against money laundering and the challenges posed by online gambling. He says he’s confident the country has taken adequate measures to avoid the FATF grey list.
Genting Singapore has been asked to explain its executive remuneration policies to the Singapore Stock Exchange after Chairman Tan Sri Lim Kok Thay's pay doubled even though the company reported a 90 percent drop in 2020 profit.
SunCity Group said its Hoiana integrated resort in Vietnam has generating revenue of $4.8 million since its preview in June last year and had an adjusted EBITDA loss of about $32 million.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.