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MGM China Eyes Bond Offering to Repay Debt
June 19, 2024
Through an international bond offering for qualified investors, MGM China hopes to raise money. Most of the revenue will go toward...
Court Orders Founder of Alleged Ponzi Scheme to Compensate Victims
June 19, 2024
In response to allegations that Marley's House of Sport (MHS) was a Ponzi scheme that preyed on Australian poker players, the Supr...
Suspended Mayor Guo Denies POGO Links, Seeks Fair Probe
June 19, 2024
Beleaguered Mayor Alice Guo of Bamban, who is accused of being involved with POGO and is facing criminal charges, sent a letter to...
MGM China Raises $500 Million to Replenish Reserves
June 19, 2024
MGM China, a division of MGM Resorts, plans to issue $500 million in senior notes to cover its current debt as well as other corpo...
Macau GGR Dips as Europe Turns to Football
June 19, 2024
Two factors are threatening Macau's casino revenue: the UEFA Euro 2024 competition and a seasonal downturn. Following an 18% decli...
Macau Ups Non-Gaming Ante: Casinos Must Host Sports & Arts Events
June 19, 2024
The new mission for Macau's casino operators is to support major arts events every two years and international sporting events twi...
Synot Games Strikes Deal to Expand Reach in Switzerland
June 18, 2024
Developer of casino games Synot Games has partnered with Swiss operator Gamanza Group AG. As part of this deal, popular Synot game...
China Urges Philippines to Ban “Social Ill” POGOs
June 18, 2024
Chinese embassy in Manila has requested that Philippine offshore gambling operators (POGOs) be outlawed, calling them a "social il...
Shin Hwa World Revamps Capital Structure, Eyes Fresh Funds
June 18, 2024
On June 17, Shin Hwa World, the company behind Jeju Shinhwa World, a casino exclusive to foreigners in South Korea, completed a ca...
No POGOs Near U.S. Bases, Says PAGCOR
June 18, 2024
Under the terms of the Enhanced Defense Cooperation Agreement (EDCA), the Philippine Amusement and Gaming Corporation (PAGCOR) ref...