Asia NEWS

Looming layoffs for Jeju casinos employees

Casino employees at Jeju Island, the a semi-autonomous region off the coast of South Korea, are bracing for possible lay off amid the novel COVID-19 pandemic Businesses in South Korea have received employment assistance from the government in support for the on–going coronavirus pandemic, however, casinos are excluded from such support putting some employees at risk for lay-off. 

Imperial Pacific Int. vs Commonwealth Casino Commission

Commonwealth Casino Commission of Saipan issues final warning to Imperial Pacific International (IPI) to push for a timely payment of its annual licence  The Northern Mariana Islands is an autonomous state of the United States of America, located in a strategic location in the Western Pacific. It includes 15 islands with Saipan island as the capital. Saipan’s economy had been sluggish for many years until…

Philippines may flatten COVID-19 curve by September

Earlier this month the number of infections per virus carrier dropped from 1.5 to 1.1  The members of the interdisciplinary research team of the University of the Philippines stated that by the end of September, the COVID-19 curve in the Philippines may be flattened, which means that new cases of COVID-19 will decrease. As of now,…

22 illegal gambling dens raided, 153 arrested in Hong Kong

“Shutting down these dens is a major blow to the triad gangs, impacting their revenue sources”  A total of 153 people were arrested when police raided and closed down 22 triad-controlled gambling dens that increased amid the Covid-19 pandemic on Hong Kong Island in the Southern area of Hong Kong. 

Kangwon Land to close temporarily

On Saturday Kangwon Land announced their temporary shut down in accordance with the country’s tighter COVID prevention measures Kangwon Land in South Korea has temporarily suspended its operations once again following orders from the government, due to the rise of COVID-19 cases. 

Singapore to relax travel restrictions from 1 September

This move is part of the initiative to revive the tourism industry in the country which was badly affected by the pandemic

Imperial Pacific fights for its Saipan casino monopoly

Imperial Pacific is willing to “vigorously defend” its exclusive Saipan casino licence as reports suggesting company’s failure to pay its annual fee could open doors for new competition  

Supreme court of Japan ruling bans Okada from returning

Okada was forced out of the company in 2017 by his son Tomohiro Okada

US TikTok and WeChat ban heavily impact Wynn Resort

US government’s recent decision will heavily impact Wynn Resort’s business in China

Alvin Chau transfers US$500 million in Suncity Group loans

Alvin Chau pledges to provide additional funds up to a maximum of US$775 million from his own pocket in the form of additional perpetual securities