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Temporary Provisional Disposition Not Affecting Operation Nepal
The operator of Australian-listed Asian Casino Silver Heritage Group Ltd. said temporary injunction and legal action against two of the group's subsidiaries in Nepal "does not pose an immediate significant commercial or legal impact or risk to the operation of the company" in Nepal. The company owns and operates casino property Tiger Palace Resort Bairahawa on the Indo-Nepal border. The Kathmandu Post reported in July that Nepal's Lupandehi district court issued a temporary order against two local subsidiaries of Silver Heritage, preventing the group from selling the Tiger Palace resort (p
Macau Slot Company Limited Gains 31.8% In 2021
Macau Slot Company Limited, a longtime retail sports betting operator in Macau and Enclave, reportedly reported a 31.8% year-over-year increase in overall profit to $15.7 million in 2021. According to a report citing figures published in the Official Gazette by Inside Asian Gaming, the company posted a 15.6% year-over-year increase in net profit to nearly $77.8 million in 2021. Sources explained that while basketball was tallied at about $26.4 million, bets on football accounted for about $51.3 million of this amount. Authoritative Sponsors: Stanley Ho Hong Sun, founder of Macau casino oper
2020 Pandemic Evolved Casinos
The land casino business in Asia Pacific and beyond was just one of many commercial sectors devastated by the COVID-19 pandemic in 2020. The economic impact on the casino industry is well documented by venue closures and dramatic year-over-year declines in casino gross gaming revenue (GGR). GGRAsia asked several commentators on Asia-Pacific industries to give their thoughts on what opportunities have been created by the crisis that could benefit the sector in 2021 and beyond. Consultant Niall Murray, a former senior gaming executive in Macau and Las Vegas and chairman of Murray Interna
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