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Business
February 28, 2024
GEG Posts Favorable Q4 Results, Underpinned by Macau’s Recovery
Gaming and hospitality giant Galaxy Entertainment Group (GEG) has published its Q4 results, illustrating an optimistic outlook for the company’s business. According to chair Dr Lui Che Woo, the company is well positioned for further growth. In Q4, GEG reported net revenue of HKD 10.3 billion ($1.3 billion), showing a spectacular 254% increase year-on-year. Adjusted […]
Industry
February 20, 2024
Macau Proposes Illegal Gambling Law with Ancillary Penalties
The Macau government’s new legislation proposal aimed at clamping down on crimes related to illegal gambling has been sent to the SAR Legislative Assembly. The latter is now busy studying its content, including a variety of ancillary penalties like player expulsion and the prohibition from entering Macau or an increase in the maximum penalty for […]
Industry
February 20, 2024
Prosecutors in Thailand under Threat amid iGaming Investigation
An investigation into online gambling operations, ran by a criminal syndicate in Thailand, resulted in threats against two prosecutors. The threats appeared to be deriving from a surprising source, the police force itself, with nearly a dozen officers suspected of their involvement with the criminal syndicate. In light of the threats, Thailand’s Office of the […]
Legal
February 19, 2024
PAGCOR Shuts Down Illegal Gambling Operation, Arrests 12 People
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that a dozen people have been arrested for involvement in illegal online gaming operations. According to the Philippine regulator, the operation was carried out on February 16 in Parañaque City. A total of 12 people were arrested in the operation which was carried out by the National […]
Industry
February 15, 2024
Former Fiancé of S. Korean Fencer Sentenced to Prison for Fraud
In October, Olympian Nam Hyun-hee posed with her future husband Jeon Cheong-jo for a popular magazine in South Korea. The famous Olympian fencer’s fiancé presented himself at the time as an heir to a wealthy family. This public appearance ultimately led to the downfall of Jeon, who not only appeared to be a female rather […]
Industry
February 15, 2024
North Korea Allegedly Develops and Sells Illegal Gambling Websites
Similar to China, gambling is prohibited in North Korea. However, the totalitarian dictatorship country focusing on the Kim family currently has two casinos. Visitors of North Korea can gamble at the country’s two foreigner-only casinos, the Pyongyang Casino in the Yanggakdo International Hotel in Pyongyang and the Imperial Hotel & Casino in Rason. This practice […]
Industry
February 12, 2024
Wynn Plans to Start Hotel Tower Construction for Al Marjan Project
The development of the hotel tower of Wynn Al Marjan Island, Wynn Resorts’ multi-billion-dollar hospitality and entertainment resort, is expected to commence soon. The ambitious project, located on the Al Marjan Island in the United Arab Emirates (UAE), represents a $4 billion investment. Previously, Wynn Resorts spoke about the project, explaining its plans to build […]
Sports
February 9, 2024
Jordan vs. Qatar 2024 Asian Cup Semifinal Odds, Time, and Prediction
Who would’ve thought that Jordan and Qatar would make it to the 2024 Asian Cup Final? It’s that these two faced really tough opponents in the semifinal, but still managed to upset the odds. Qatar beat odds-on favorite Iran 3-2, while Jordan outclassed mighty South Korea, winning 2-0 in a game in which they were […]
Sports
February 5, 2024
Jordan vs. South Korea 2024 Asian Cup Semifinal Odds, Time, and Prediction
South Korea’s journey to the 2023 Asian Cup semifinal has been unexpectedly difficult, with their last two games being decided after the regular 90 minutes. Are we going to see Heung-Min Son and his teammates struggle again? They’re seen as betting favorites in the Jordan vs. South Korea game, but they’ve played against this opponent […]
Casino
February 5, 2024
Macau Casinos Navigate Debt Maturities Amidst Positive Revenue Outlook
Macau’s gaming operators are facing the challenge of upcoming debt maturities, with significant obligations slated for 2025. However, amidst the financial landscape shaped by the COVID-19 pandemic, these operators seem prepared to handle the situation with cautious optimism. Macau Casinos Delay Debt Refinancing for 2025, Eyeing Improved Cash Flow According to recent insights from S&P […]
