On 3 April 2020, the Ministry of Home Affairs of Singapore (MHA) announced that it will be reconstituting the Casino Regulatory Authority (CRA) to establish the Gambling Regulatory Authority (GRA) by 2021. The GRA will have an expanded mandate to regulate the entire gambling landscape in Singapore and aims to consolidate and optimize gambling regulatory resources within a single agency.
As Macau celebrated the 20th anniversary since the handover to China last December, there was no indication of how the gambling hub’s fortunes were...
Despite being given the green light to reopen from November 1, Goa’s casinos are likely to be slow off the starting line for numerous reasons, including the fact that the state government has not issued needed guidelines and that the lack of tourism is likely to make operations unprofitable for the time being.
SkyCity Entertainment Group says it doesn't expect to be back to full strength until 2022 and has prepared the business for the eventuality of further Covid-19 lockdowns.
Kangwon Land has announced it has reopened its casino to visitors, operating at a limited capacity.
There’s little current upside seen for the stock price of the sprawling Genting Group empire, with both the parent company and its Genting Malaysia unit at risk of losing their place on the benchmark FBM KLCI index.
The Macau government has received MOP299 million (US$48.8 million) in taxes on commissions paid by casinos to junket operators in 2019, a 24 per cent year-on-year drop, according to the last year’s budget execution report.
MGM Resorts said it has upsized a public note offering from $500 million to $750 million and will use the proceeds to refinance existing debt and for general corporate purposes.
Gambling on pent-up demand and hopes that the big rollers would return, analysts at J.P. Morgan made a bet on the gambling capital of the world. They are now cutting their losses.
It has been ten months since the 500 Dot Com bribery case broke into public view, but the net of justice has yet to fall upon and to wring confessions out of those who are widely believed to be the most guilty.