Gambling Clear News
Suspended Bamban mayor Alice Guo, linked to crimes in Philippine offshore gaming, has dropped out of sight, and may have fled the country. Senator Win Gatchalian says he has received death threats for combatting the industry. Philippine police continue to search for a small-town mayor linked to crimes in the offshore gaming industry. And now
Thailand’s new prime minister is pushing casino resorts as a way to drive tourism and revenues. According to one analyst, a Thai industry, done well, could overtake Singapore for GGR. In 2018, analysts predicted that integrated resorts (IRs) in Japan would be gaming’s “next holy grail.” They estimated gross gaming revenue (GGR) of up to
Hard Rock International Wednesday (15 May) announced that it will shut down The Mirage Hotel & Casino 17 July for renovations. HRI said that it will develop a new integrated resort featuring a 700-foot version of Hard Rock’s iconic guitar-shaped hotel tower. The final day for hotel occupancy will be 14 July. The Mirage’s well-known
Fitch Ratings has altered its outlook on SJM Holdings from “negative” to “stable”, expecting the company to turn free cash flow (FCF) positive in 2024. The positive FCF should help SJM to expand, while also “driving a reduction in debt balance”. Fitch is projecting SJM to reach HK$6.6bn (£664.5m/€770.9m/US$845.3m) in EBITDA by 2026. The agency
Genting Berhad posted double-digit growth in revenue and earnings at its flagship resorts in Singapore and Malaysia hit new heights in the most recent quarter. Genting Berhad, the Malysia-headquartered conglomerate, accrued revenues totalling RM6.1bn ($1.3bn/€1.2bn/£1.0bn) from its leisure and hospitality division in the three months to 30 September 2023. This was up 27% compared to
Experts expect integrated resort approval within three years as global suitors await regulatory clarity, Muhammad Cohen reports. Thailand will legalise casino gambling within three years, prompting a gold rush among international and regional operators, knowledgeable sources tell iGaming Business. Who stakes claims where depends on how Thailand draws its regulatory map, foreign gaming operators’ willingness
