Tuesday, May 18, 2021
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Crown Barangaroo

Regulator to meet before Crown defense has its say

The New South Wales regulator will hold a meeting next week to discuss whether Crown Resorts can open its new Sydney casino in December as planned, raising concern as the company will not have concluded its defence.
Waterfront Philippines

Waterfront aims to be new kid on Manila IR block

Waterfront Philippines has won a long-running legal battle with the Philippines Amusement and Gaming Corp (PAGCOR) to build a new integrated resort in Manila and will be seeking partners to run the operation.
Macau back in black

Macau back in black

Almost as soon as the world was plunged into the Covid-19 pandemic, many voices within the Asian gaming industry began talking about “recovery” and mapping exit strategies back to financial health.
Macau Junkets not expected to fully recover from Covid downturn

Macau Junkets not expected to fully recover from Covid downturn

On an earnings conference call last Thursday, Wynn Resorts Chief Executive Officer Matt Maddox made clear his firm’s view that the golden age of Macau junkets has definitively passed, and it is not likely to return as the Covid-19 pandemic subsides.
Dreamcruise Singapore Genting

Singapore cruise to nowhere may help lift Genting HK

In a rare glimmer of good news for the cruise industry, Genting Dream Cruises officially resumed sailing on Friday, with a trip to nowhere out of Singapore.
Adam Steinberg

Interview with Adam Steinberg reflecting on Cambodia, Online, Japan [video]

Adam Steinberg talks about the differences in culture and work ethic between the US and Cambodia, as well as the thinkings behind decisions made relating to online gaming and Japan.
Fitch compares casino risk as Genting gets cut again

Fitch compares casino risk as Genting gets cut again [TGIF]

The ongoing pandemic is keeping the ratings agencies on their toes as they seek to assess the impact of the slower-than-expected recovery on the balance sheets of operators which made significant capital commitments back when the future had looked bright.
Studio City Macau

Melco crosses breakeven threshold in Macau operation

Top executives of Melco Resorts & Entertainment revealed in a conference call on Thursday that their firm’s Macau operations have been reaching the breakeven point from around October.
India continues to face bumps in road to regulated gambling

India continues to face bumps in road to regulated gambling

The Madras High Court is the latest to weigh in on online gambling in India, calling on the state government to either ban or regulate the practice after hearing a petition claiming reports of several suicides due to gambling losses. 
PAGCOR

“PIGO” tax rate to be set around 42.5 percent

The Philippines gaming regulator is looking to set a tax rate of 42.5 percent on GGR for land-based casinos offering online gambling - which is also known as “PIGO” (Philippines Inland Gaming Operator), according to a source close to the matter.

TRENDING ARTICLES

Bill Mummery, podcast, celton manx

Bill Mummery on live dealer from IoM [Podcast]

Bill Mummery, CEO of Celton Manx, talks with Asia Gaming Brief about his new live dealer studio on the Isle of Man and the importance of diversification given the shifting sands in Asia’s online gaming industry. He also discusses sustainability and his company’s adoption of solar panel technology.

Problem gamblers tend to isolate themselves: Study

A new study undertaken by the Auckland University of Technology has found that problem gamblers are more likely to withdraw from sports, cultural, or religious groups. 

Aristocrat forecasts raised at J.P. Morgan after H1 strength

Aristocrat Entertainment says it has seen exceptional product performance and stronger-than-expected consumer sentiment in the U.S. and Australasian markets, triggering analysts at J.P. Morgan to upgrade their estimates for the group.

Macau post-Golden Week GGR drops more than expected: Bernstein

Macau gross gambling revenue dropped 53 percent from May 9 to 16, compared with the first eight days of May, slowing more than expected after the Golden Week holiday, Bernstein Research said.

Aristocrat half-year normalised EBITDA rises 6%

Aristocrat said it had seen "exceptional product performance and customer engagement, coupled with stronger-than-expected consumer sentiment in North America and Australia, New Zealand" in the six months to end March.