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June 16, 2021

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Bangladesh casino crackdown catches political leaders in net

Authorities in Bangladesh have launched a crucial crackdown on illegal gambling and those caught up in the sweep include a leader of the youth wing of the country’s ruling political party. On Wednesday, police in Bangladesh’s capital Dhaka raided five places suspected of harboring illegal casino operations. In the process, the Rapid Action Battalion arrested […]

Genting’s Resort World Las Vegas names five key additions to executive team

Genting Group’s US$4 billion integrated resort, Resorts World Las Vegas (RWLV), has procalimed five new additions to its executive leadership team ahead of the property’s planned December 2020 launch. The new hires bring more than 80 years of combined experience working at numerous large Las Vegas resorts, with RWLV President Scott Sibella stating, “Every executive […]

At just 16 nightly bookings, it’s no surprise no one wants The 13 Macau

South Shore Holdings had substantial ideas for The 13 in Macau. The hotel would ultimately become a prime resort in the city, complete with a fashionable casino and all the trimmings. However, it could never reach the point of being able to take the operations to the next level and has reported net losses in each […]

Iraqi police crack down on Baghdad’s illegal gambling dens

Iraq’s illegal gambling operators have understood the tough way that this month’s Shiite militia raids were no one-off. Throughout the past weekend, Iraq’s Interior Ministry declared the outcome of a series of raids on gambling dens in Baghdad. Local media stated a ministry spokesperson saying police had arrested 140 suspects from the Iraqi capital’s “gambling and roulette halls.” Two […]

Macau casinos to suffer from Hong Kong airport closures

With the closure of Hong Kong International Airport on August 12 and 13, Hong Kong’s protests have extended onto a whole new level. As protestors resume to make requests of the government, they’ve not only closed down the world’s entrance to their city, but they’ve started to influencing neighboring Macau’s casino economy in a real […]

Duterte, Xi to talk gambling in Aug meeting: Philippine govt

The President of the Philippines, Rodrigo Duterte, and Chinese President Xi Jinping are poised to debate affairs related to cross-border gambling during a meeting between the two heads of state to take place later this month. So said Philippine Finance Secretary Carlos Dominguez III on Saturday. Mr Dominguez said – as reported by the Philippine […]

Brokerages concerned with GEN Singapore’s bad debt level

The outstanding increase in bad debt reported by Genting Singapore Ltd in the three months to June 30 “dragged” on the firm’s earnings, representing a “negative surprise” and indicating to a loosening credit policy, according to separate notes from three brokerages. Genting Singapore reported on Friday second-quarter net profit of SGD168.4 million (US$122.3 million), down 5.2 percent from […]

Lim brothers forced off Donaco board by shareholders

On Thursday, shareholders of company, Donaco International Ltd. got together for a different reason. The shareholders of the Southeast Asian casino company required to determine whether or not Joey Lim Keong Yew and Ben Lim Keong Hoe, often referred to as the Lim brothers, should hold on to their spots on the company’s board. After a […]

Inaugural PAGE 2019 opens in Manila, bringing more investment opportunities

The Philippines was recently acknowledged by a business magazine as the third best country to invest in the world, after Malaysia and Poland. On Friday, the first ever government-supported gambling event opened in Manila—its capital city—promoting organizations in the gambling sector, enabling the path for more business opportunities in the country within the gaming space and other […]

Suncity Denies Online Gaming Claims Made in Chinese Media

Macau junket investor Suncity Group has provided an announcement denying reports in the mainland China media that the brand was involved in what the state backed Economic Information Daily and news agency Xinhua referred to as “online gaming” and “proxy betting”. But privately-held Suncity Group hit back, saying  it “strongly condemns” the initial Economic Information […]