Singapore has made some changes to its gambling laws that might not please casino operators. New taxes are on their way as part of an updated Casino Control Act. After some deliberation, Singapore’s government has approved new tax laws for gaming operators. The new Gambling Duties Bill increases how much casinos will contribute to the […]

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Las Vegas Sands (NYSE:LVS) is in rally mode Tuesday after drawing some support from a widely followed gaming analyst. In midday trading, the downtrodden casino name is higher by seven percent on volume that already topped the daily average after JPMorgan’s Joseph Greff raised his rating on the shares to “overweight” from “neutral.” The bank […]

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Casino operators in Macau are waiting to see what the final results of the city’s updated gambling laws will look like. They’re likely a little anxious, but Fitch Ratings analysts don’t believe they should be. Macau’s government and gaming regulators are working on updated gambling laws, which are expected to be released in the coming […]

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The Philippines Court of Appeals has quashed fraud charges against the Japanese gaming billionaire Kazuo Okada. In the same breath, it overturned a lower court ruling that found he should stand trial for allegedly misappropriating more than US$3 million from his former company, Tiger Resorts, operator of the Okada Manila integrated resort. The order was […]

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The global casino market continues struggling as it tries to fight off COVID-19. This is especially true of South Korea’s market, although there was one development that improved in 2021. Casinos in South Korea have seen their ups and downs as a result of the COVID-19 pandemic. As 2021 wrapped up and the final numbers […]

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Cambodian police arrested 15 protesting workers this week at NagaWorld in Phnom Penh, according to Chinese news reports. The move could have negative impact on the nation’s largest casino and its operating company. Among those detained was Chhim Sithar, president of Labor Rights Supported Union of Khmer Employees of NagaWorld (LRSU). She reportedly was arrested […]

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