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TAB NZ October profit beats budget

TAB New Zealand reported net profit for October of $15.8 million, which was $4.4 million above budget and $3 million above last year. Profit was driven by strong domestic and international racing and by the All Blacks' first international appearance since the Rugby World Cup. 

IPI sees full completion in 2022, workforce permitting

Imperial Pacific International's project director Jing Zhou has outlined a construction timetable for the resort, providing it has enough workers, saying Phase 2 of the hotel tower will be finished by the end of next year, while VIP gaming and the sky level should be finished by April 2022. 

New Delhi High Court receives plea aiming for online gambling ban

A plea has been entered in the Delhi High Court seeking a direction to call on the central government to ban online gambling. The petition says that despite there being laws prohibiting online gambling in several states, there is still a large amount of betting activity across India. 

SJM’s Grand Lisboa may hit 50% occupancy in Dec.

Grand Lisboa’s occupancy rate could reach about 50 per cent next month, its manager, Henry Kong Fuk Leung, said, explaining that Mainland Chinese may be attracted by the more festive atmosphere in Macau.

Tomakomai city ready to assume financial burden for IR infrastructure

Tomakomai city, which is still trying to gain Hokkaido Governor Naomichi Suzuki’s support to make an IR bid, has indicated that the city is willing in principle to bear the maintenance cost of roads, water, and sewage facilities.

PAGCOR and Widus provide donations for local community in Clark

Clark Development Corporation in partnership with PAGCOR, Widus Foundation, and Clark CSR Association recently donated packs and boxes of relief goods to nearby communities.

Far East Consortium maintains profitability through April-September period

Far East Consortium reported its April-September results showing a net profit attributable to shareholders of HK$350 million (US$46 million), down by half in year-on-year terms. Revenue was HK$3.1 billion, a decrease of 39.2% compared to the same period the previous year.

Genting Malaysia losses at US$182 million in Q3

Genting Malaysia recorded total revenues of over RM1.4 billion (US$354 million) in the third quarter of 2020, representing a 46 percent decline year-on-year. The group registered a net loss of RM726 million (US$182 million).

Construction launches for PAGCOR-funded hospital in Pampanga

PAGCOR Chairman and CEO Andrea Domingo was the guest of honor in Pampanga at a construction launch ceremony for a 100-bed Overseas Filipino Workers (OFW) hospital project.

Japan ruling party to decide IR taxation policy in December

Understanding that the decisions on how IRs will be taxed in Japan is not an issue that can be left hanging, the senior ruling party politician Akira Amari has stated that these policies will be fixed before IR operators have been selected by the local governments. He later clarified that the policy would be decided next month.
Solid Gaming

Knowledge trumps content in Asia’s complex i-gaming world

In Asia’s complex and diverse igaming landscape, having the right content means business success only if one more key ingredient is included - market knowledge. 

Instant and secure deposits

AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.

Australian market report: How to adapt to the new normal

Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...

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Local VIPs buoy Genting’s Malaysia operations

Behind the sea of red in Genting Malaysia’s Q3 results, analysts found reason for cheer in the performance of its domestic operations, which generated a positive EBITDA of RM541 million ($133 million) in the quarter.

TAB NZ October profit beats budget

TAB New Zealand reported net profit for October of $15.8 million, which was $4.4 million above budget and $3 million above last year. Profit was driven by strong domestic and international racing and by the All Blacks' first international appearance since the Rugby World Cup. 

IPI sees full completion in 2022, workforce permitting

Imperial Pacific International's project director Jing Zhou has outlined a construction timetable for the resort, providing it has enough workers, saying Phase 2 of the hotel tower will be finished by the end of next year, while VIP gaming and the sky level should be finished by April 2022.